|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 Tier||CA Prize||US Prize||Even 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|
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.