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Mega Millions Lottery

Topic closed. 30 replies. Last post 4 years ago by Jon D.

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baton rouge
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Posted: July 15, 2013, 7:41 pm - IP Logged

I heard that mega million lotto will be changing shortly. Can you tell us about the new MM Lotto and when will it change.

What will be the new lotto look like and how will it be played.

 

Thanks

    BuyLow's avatar - palm tree.jpg
    Florida
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    Posted: July 15, 2013, 8:00 pm - IP Logged

    Where did you hear this?  Was there no further info at the source?  I haven't heard that only knew they are changing the odds, for the worse to players.

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      bel air maryland
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      Posted: July 15, 2013, 10:17 pm - IP Logged

      I heard that mega million lotto will be changing shortly. Can you tell us about the new MM Lotto and when will it change.

      What will be the new lotto look like and how will it be played.

       

      Thanks

      It's changing in October. Here's the link to the story.

      http://www.lotterypost.com/news/261291

      "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

      The numbers will tell you what numbers to play. Pay attention to the numbers.

      Don't just think outside the box, crush it.

        Saylorgirl's avatar - Lottery-065.jpg
        Indiana
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        Posted: July 16, 2013, 12:16 am - IP Logged

        The new prize structure is on Wikipedia.  I don't like that you will only get $1 for matching the mega ball and $2 for matching the mega ball and one number.  But if you match all 5 numbers it is $1,000,000.

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          Kentucky
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          Posted: July 16, 2013, 12:28 am - IP Logged

          The new prize structure is on Wikipedia.  I don't like that you will only get $1 for matching the mega ball and $2 for matching the mega ball and one number.  But if you match all 5 numbers it is $1,000,000.

          The odds against matching all 5 numbers is 17,259,390 to 1, but the good news is if you beat those extraordinary odds, it's only 14 to 1 against winning the jackpot!


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            Posted: July 16, 2013, 9:21 am - IP Logged

            OMG its going up from 175 million to 1 to 258.9 million to 1....Wow I think I'll only play 1 ticket in every 5 or 10 draws


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              Posted: July 16, 2013, 9:30 am - IP Logged

              Im going to buy more PB tickets.

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                Kentucky
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                Posted: July 16, 2013, 11:37 am - IP Logged

                OMG its going up from 175 million to 1 to 258.9 million to 1....Wow I think I'll only play 1 ticket in every 5 or 10 draws

                "The odds of winning the jackpot are reduced to 1 in 258.9 million; however, odds of winning any prize will increase to 1 in 14."

                Somebody should edit the Wikipedia article because the jackpot odds are increased and the bonus number odds are decreased.

                It looks like MUSL was trying to find a way to create a $1 million secondary prize without raising the price of a ticket and give their players who never win anything a chance of winning something. The decision of paying $1 for matching the bonus number instead of a free QP ticket was made to benefit the players who play multiple drawings. They probably thought about making the prize a free QP ticket because that would slightly increase the volume of play for the next drawing. Had they made it a $2 prize, most players would probably cash the ticket the next day and buy a $2 PB ticket.

                The current odds of 175 million to 1 of winning the jackpot is somewhat misleading because the only way to guarantee a jackpot winner is when every combo is sold. Over 232 million tickets were sold in the record PB jackpot with only one winner, but possibly a couple of million combos were unsold.

                IMO, it's now a better game for the players who faithfully buy one or two tickets every drawing.

                  weshar75's avatar - Lottery-042.jpg
                  Mcminnville, Oregon
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                  Posted: July 16, 2013, 3:58 pm - IP Logged

                  With those higher odds than powerball looks like my run with powerball will continue and I will be playing powerball more often than mega millions.  On to year 17 in powerball playing.-weshar75

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                    Posted: July 17, 2013, 6:59 am - IP Logged

                    It will still be far too easy to win for some, and you will still very rarely see jackpots over $100 million.  It's still going to stay $1 per ticket right?

                      maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
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                      Posted: July 17, 2013, 7:18 am - IP Logged

                      I promised to quit HotLotto when the matrix changed last May and so far I have not bought one ticket despite many opportunities to. I shall be doing the same for MM when the matrix changes become reality.

                      I would love to encourage people to boycott the new MM but I lack the resources and the know-how to be successful.

                      That money's gone fo ever

                        Jon D's avatar - calotterylogo
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                        Posted: July 17, 2013, 9:01 am - IP Logged

                        Another thing to consider is the starting Jackpot value and if it'll have minimum increases. Reports are coming out that MM will have new $15M starting value and adding minimum $5M increases.

                        Here is a comparison table of the old and new prize structure:

                        _MEGA Millions$1_MM New Matrix
                        Total ReturnPrizesOdds 1 inMatchTotal ReturnPrizesOdds 1 in
                        50.00%$55,870,000175,711,5365 + Mega50.00%$84,350,000258,890,850
                        18.20%$250,0003,904,7015 of 517.42%$1,000,00018,492,204
                        11.80%$10,000689,0654 + Mega12.02%$5,000739,688
                        10.35%$15015,3134 of 511.34%$50052,835
                        9.37%$15013,7813 + Mega10.39%$5010,720
                        8.28%$73063 of 59.93%$5766
                        6.01%$108442 + Mega9.29%$5473
                        4.83%$31411 + Mega8.25%$256
                        2.71%$275Mega4.78%$121
                        __39.888___14.708

                        The total 2nd-9th prize payout is lower, 17.42% instead of 18.2% currently, with slightly better payout on the lower tiers.

                        But the question of whether the new game is sized correctly, for odds versus sales and jackpot, that remains to be seen. PB seems to have found a sweet spot. Is this new MM correctly sized?

                          Tatototman65's avatar - Lottery-009.jpg

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                          Posted: July 17, 2013, 9:10 am - IP Logged

                          I boycotted Powerball (one of the few who are still commited) and I already have boycotted MegaMillions!

                          Smile


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                            Posted: July 17, 2013, 9:11 am - IP Logged

                            Another thing to consider is the starting Jackpot value and if it'll have minimum increases. Reports are coming out that MM will have new $15M starting value and adding minimum $5M increases.

                            Here is a comparison table of the old and new prize structure:

                            _MEGA Millions$1_MM New Matrix
                            Total ReturnPrizesOdds 1 inMatchTotal ReturnPrizesOdds 1 in
                            50.00%$55,870,000175,711,5365 + Mega50.00%$84,350,000258,890,850
                            18.20%$250,0003,904,7015 of 517.42%$1,000,00018,492,204
                            11.80%$10,000689,0654 + Mega12.02%$5,000739,688
                            10.35%$15015,3134 of 511.34%$50052,835
                            9.37%$15013,7813 + Mega10.39%$5010,720
                            8.28%$73063 of 59.93%$5766
                            6.01%$108442 + Mega9.29%$5473
                            4.83%$31411 + Mega8.25%$256
                            2.71%$275Mega4.78%$121
                            __39.888___14.708

                            The total 2nd-9th prize payout is lower, 17.42% instead of 18.2% currently, with slightly better payout on the lower tiers.

                            But the question of whether the new game is sized correctly, for odds versus sales and jackpot, that remains to be seen. PB seems to have found a sweet spot. Is this new MM correctly sized?

                            Its just another government made disaster in the making. PBs "sweet spot" is supported by ticket price NOT increased odds. Lottery players understand odds and gravitate towardBETTER odds.


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                              Posted: July 17, 2013, 9:19 am - IP Logged

                              I boycotted Powerball (one of the few who are still commited) and I already have boycotted MegaMillions!

                              Smile

                              I didnt boycott PB, I just chose not to play for a while. Once I realized the price increase was good for lottery players I started playing again. I dont think it will be the case for MM because it will take at least a year for someone to win a jackpot and I just wont be interested.