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TX Lotto players - Lottery Commission's sneaky rule change

Topic closed. 17 replies. Last post 4 years ago by Piaceri.

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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19894 Posts
Online
Posted: April 23, 2013, 10:05 am - IP Logged

Actually, the $250,000 figure is the minimum roll, not the maximum. No lottery in their right mind would cap rollovers at such a low amount. Ohio capped their jackpots way back when, and their sales never recovered, even after they lifted the cap.

The last jackpot won was $4.5 million cash, but by my calculation there was only about $1.6 million in the jackpot pool. I can see why the lottery made the change, and why players are upset about it; the effective payout rate was a lot higher because the $4mil minimum plus the $1mil rolls were more than 40% of sales could support. That's probably how it managed such big rolls, because fewer people were playing, yet the jackpot kept going up $1mil at a time. Good for players, those who won the jackpot anyway; but no lottery will ever keep that going indefinately.

Lotteries has to adjust to their markets and with most states offering PB and MM, local games don't have to offer large jackpots to attract a following.  Some players are happy to have a chance to win a $10-$20M jackpot with odds of 1:20M or better.

 * you don't need to buy more tickets, just buy a winning ticket * 
   
             Evil Looking       

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    Krypton
    United States
    Member #140102
    March 11, 2013
    904 Posts
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    Posted: April 23, 2013, 4:44 pm - IP Logged

    don't mess with Texas Lotto players!!!!! Patriot

    I Agree!

     

    Welcome Park!

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      Republic of Texas
      United States
      Member #57557
      January 9, 2008
      1095 Posts
      Offline
      Posted: April 23, 2013, 8:15 pm - IP Logged

      Welcome to LP parkinds.

      I like Texas Lotto, and yes play for the jackpot. No, I won't pay the extra $1 any more than once in a great while, which is the same I do with MM & PB. Am I disappointed with the $250k increase? Yes. But the starting jackpot was bumped to $5m/$3.5m. Will I buy as many tickets now? Nope. Already slowed that down. 

      I bet I'm not the only one. 

      We'll just have to see how this goes. I'm guessing real slooooowwwwww.......

      face

      singlewinnersinglewinnersinglewinner