Do you see PB jackpots of $300 mil plus a fluke going forward with California joining in soon?Prev Topic Next Topic

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noise-gate

* In hot pursuit of $ *

White Shores- California
United States
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Mar 31, 2013, 12:16 pm

Considering that its been awhile since it got way up there on a consistent basis.Perhaps more States joining in will make huge jackpots a thing of the past or few & far between- what is your take on the matter?
sully16

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Ringleader

Michigan
United States
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Mar 31, 2013, 12:39 pm

I think we'll see the jack pot grow really big, really fast.
Stack47

Kentucky
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February 14, 2006
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Mar 31, 2013, 1:28 pm

Quote: Originally posted by noise-gate on Mar 31, 2013
Considering that its been awhile since it got way up there on a consistent basis.Perhaps more States joining in will make huge jackpots a thing of the past or few & far between- what is your take on the matter?

"Considering that its been awhile since it got way up there on a consistent basis."

There were only two $300 million jackpots after the ticket price doubled and California will be adding to the total number of ticket sales. The $300 million jackpots should be fewer and far between when the California ticket sales are added. We should see more $100 million jackpots.

"Perhaps more States joining in will make huge jackpots a thing of the past or few & far between- what is your take on the matter?"

Wyoming who is just getting started is the only other state lottery not in PB when California joins.
whiteballz

Nutley, New Jersey
United States
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August 1, 2012
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Mar 31, 2013, 1:46 pm

Quote: Originally posted by noise-gate on Mar 31, 2013
Considering that its been awhile since it got way up there on a consistent basis.Perhaps more States joining in will make huge jackpots a thing of the past or few & far between- what is your take on the matter?

"Perhaps more States joining in will make huge jackpots a thing of the past"

huge jackpots will never be a thing of the past. If the jackpot keeps being won too often, the lottery officials can always change the matrix. They could go from 35 PB to 40 PB. Most casual lottery players know next to nothing about the lottery and they wouldn't notice the difference.

.
rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
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April 28, 2009
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Mar 31, 2013, 2:59 pm

The jackpots will rise larger and faster on average but will be won before reaching stratospheric levels.

Unless there is a matrix change.

Which would suck.
dallascowboyfan

Oklahoma
United States
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November 12, 2009
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Mar 31, 2013, 2:59 pm

I think there will be larger jackpots with PB & Mega Cali will add to PB increases & Florida will add to Mega. Can't wait for the Frenzy

I Love Pink & Green 1908
KY Floyd

NY
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Apr 1, 2013, 12:52 am

How many states offer the game is mostly irrelevant. What really matters is the odds of the game. At 175 million to 1, there will be an average of one winning ticket for every 175 million tickets sold. Selling 175 million tickets results in a cash jackpot of about $112 million, or about $180 million advertised.

Adding more players to the game will result in selling more tickets for each drawing, so the odds of a winner for the 7th, 8th, and 9th drawing of each run will be higher than in the past, but the jackpots will increase faster than they used to. Once the jackpots get up there the extra 30 million potential players will mean even bigger jumps when it rolls.
Stack47

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Apr 1, 2013, 11:32 am

Quote: Originally posted by KY Floyd on Apr 1, 2013
How many states offer the game is mostly irrelevant. What really matters is the odds of the game. At 175 million to 1, there will be an average of one winning ticket for every 175 million tickets sold. Selling 175 million tickets results in a cash jackpot of about $112 million, or about $180 million advertised.

Adding more players to the game will result in selling more tickets for each drawing, so the odds of a winner for the 7th, 8th, and 9th drawing of each run will be higher than in the past, but the jackpots will increase faster than they used to. Once the jackpots get up there the extra 30 million potential players will mean even bigger jumps when it rolls.

On average, the NY MM and PB players wager about the same amount on both games and can be used for a model. California's ticket sales for MM average about 2.7 million for the beginning $12 million jackpot. If their PB play is about the same so the PB sales should increase by about the same amount. PB had $56.5 million in ticket sales total when the last $50 million jackpot was won so the addition of California should lessen the losses when a $40 million jackpot is won or even show a small profit.

"Once the jackpots get up there the extra 30 million potential players will mean even bigger jumps when it rolls."

Californians spent $7.2 million on the $120 million 9/11/2012 MM jackpot and another $7.6 million on the $118 million 5/12/2012 drawing. When MM had their record run a year ago, Californians wagered over $200 million just on the last three drawings alone. If and when PB reaches a $200 million jackpot, it might not be an extra $30 million, but it will be at least $30 million wagered in that state based on their previous MM sales figures. If the jackpot reaches $300 million is when we'll see the huge increases in wagering.

The potential is there for over a $700 million PB jackpot with California in the game. They wagered $5.1 million on the $12 million jackpot the drawing after $650 million was won.
noise-gate

* In hot pursuit of $ *

White Shores- California
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Apr 1, 2013, 11:48 am

Quote: Originally posted by Stack47 on Apr 1, 2013
On average, the NY MM and PB players wager about the same amount on both games and can be used for a model. California's ticket sales for MM average about 2.7 million for the beginning $12 million jackpot. If their PB play is about the same so the PB sales should increase by about the same amount. PB had $56.5 million in ticket sales total when the last $50 million jackpot was won so the addition of California should lessen the losses when a $40 million jackpot is won or even show a small profit.

"Once the jackpots get up there the extra 30 million potential players will mean even bigger jumps when it rolls."

Californians spent $7.2 million on the $120 million 9/11/2012 MM jackpot and another $7.6 million on the $118 million 5/12/2012 drawing. When MM had their record run a year ago, Californians wagered over $200 million just on the last three drawings alone. If and when PB reaches a $200 million jackpot, it might not be an extra $30 million, but it will be at least $30 million wagered in that state based on their previous MM sales figures. If the jackpot reaches $300 million is when we'll see the huge increases in wagering.

The potential is there for over a $700 million PB jackpot with California in the game. They wagered $5.1 million on the $12 million jackpot the drawing after $650 million was won.

Impressive research Stack .Hope it turns out the way you see it.
Ronnie316

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Apr 1, 2013, 11:52 am

Quote: Originally posted by noise-gate on Mar 31, 2013
Considering that its been awhile since it got way up there on a consistent basis.Perhaps more States joining in will make huge jackpots a thing of the past or few & far between- what is your take on the matter?

We will have MUCH larger jackpots when interest rates rise.
Ronnie316

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Apr 1, 2013, 11:55 am

Quote: Originally posted by KY Floyd on Apr 1, 2013
How many states offer the game is mostly irrelevant. What really matters is the odds of the game. At 175 million to 1, there will be an average of one winning ticket for every 175 million tickets sold. Selling 175 million tickets results in a cash jackpot of about $112 million, or about $180 million advertised.

Adding more players to the game will result in selling more tickets for each drawing, so the odds of a winner for the 7th, 8th, and 9th drawing of each run will be higher than in the past, but the jackpots will increase faster than they used to. Once the jackpots get up there the extra 30 million potential players will mean even bigger jumps when it rolls.

The odds are mostly irrelevant. What matters is how many people play.
Ronnie316

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Apr 1, 2013, 11:55 am

Quote: Originally posted by noise-gate on Apr 1, 2013
Impressive research Stack .Hope it turns out the way you see it.

Nice work.

joshuacloak

United States
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February 12, 2006
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Apr 1, 2013, 12:15 pm

i think normal jackpot should be in 200s range long term

300 and above are more rare

i know pb lottery people when they changed game to 2 bucks

they was thinkin the average jackpot range would be in 200s range

as in u have a few low winners, and a few high winners, but year atfer year, around 200s

or this could happen

Wednesday, December 26, 2012	11 · 13 · 23 · 43 · 54 + 04	$50 Million
Saturday, December 22, 2012	01 · 18 · 35 · 39 · 44 + 11	$40 Million
Wednesday, December 19, 2012	05 · 08 · 20 · 23 · 30 + 03	$50 Million
Saturday, December 15, 2012	15 · 23 · 40 · 44 · 55 + 14	$40 Million
Wednesday, December 12, 2012	08 · 10 · 25 · 36 · 44 + 28	$50 Million
Saturday, December 08, 2012	07 · 23 · 26 · 40 · 53 + 21	$40 Million
Wednesday, December 05, 2012	13 · 17 · 19 · 27 · 38 + 12	$50 Million
Saturday, December 01, 2012	03 · 10 · 19 · 36 · 46 + 03	$40 Million

last december was winner month for vets who always play rofl.

ofc that destroys the average , so any thing could happen.

One tequila, two tequila, three tequila, floor.

JoshUK

London
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March 24, 2013
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Apr 1, 2013, 12:31 pm

Could also mean the Jackpot stays down low because of more people playing. We will have to wait and see how big of a spender Californa is.

£2.50 and a dream!
haymaker

Egg Harbor twp.south Jersey shore
United States
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June 29, 2011
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Apr 1, 2013, 7:01 pm

Quote: Originally posted by whiteballz on Mar 31, 2013
"Perhaps more States joining in will make huge jackpots a thing of the past"

huge jackpots will never be a thing of the past. If the jackpot keeps being won too often, the lottery officials can always change the matrix. They could go from 35 PB to 40 PB. Most casual lottery players know next to nothing about the lottery and they wouldn't notice the difference.

Yea, thats the way I see it.

Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D.

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Do you see PB jackpots of $300 mil plus a fluke going forward with California joining in soon?Prev TopicNext Topic

Do you see PB jackpots of $300 mil plus a fluke going forward with California joining in soon?Prev Topic Next Topic