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CA first PB analysis

Topic closed. 16 replies. Last post 5 years ago by Jon D.

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JKING's avatar - Kaleidoscope 3.gif

United States
Member #5599
July 13, 2004
1201 Posts
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Posted: April 22, 2013, 12:10 am - IP Logged

The payout table for Powerball in Califronia is niether just or fair to any of the winners. The para-mutuel law in California needs to have an exemption for national lottery games. Not only for fairness, but uniformity. Failure to make the law change will be a never ending thorn of expaining the payout inequity for California Lottery officials. The press will catch on eventually.

You are a slave to the choices you have made.  jk

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    Jon D's avatar - calotterylogo
    Los Angeles, California
    United States
    Member #103813
    January 5, 2011
    1530 Posts
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    Posted: April 22, 2013, 12:52 pm - IP Logged

    The payout table for Powerball in Califronia is niether just or fair to any of the winners. The para-mutuel law in California needs to have an exemption for national lottery games. Not only for fairness, but uniformity. Failure to make the law change will be a never ending thorn of expaining the payout inequity for California Lottery officials. The press will catch on eventually.

    The pari-mutuel prizes for CA could be called fair, but not quite equitable compared to other states in US Powerball. But even those other states have exceptions where pari-mutuel can be invoked under certain circumstances for 2nd/3rd prize, etc.

    From the average of first 4 CA PB draws, here is the non-jackpot prize breakdown:

    Prize TierCA PrizeUS PrizeEven Prize
    5 + PB__$9,734,639
    5 + 0$770,036$1,000,000$286,313
    4 + PB$20,383$10,000$36,054
    4 + 0$105$100$1,060
    3 + PB$103$100$680
    3 + 0$7$7$20
    2 + PB$7$7$39
    1 + PB$4$4$6
    PB$4$4$3

    Note that the lower prizes are pretty much the same, the mid level prizes are higher, and only the 5+0 prize happens to be lower because the 4/20 draw had 2 winners, otherwise it would be over $1M, and over time it will average out to $1M anyway.

    I also added a column for Even prize, which is what a fair prize would be if based strictly on the odds. So you can see how the prize structure is skewed far away from the game odds, taking away from the middle class prizes in order to give to the top 1% of prizes.(a common tale...) CA is closer to even.