|Posted: September 11, 2013, 2:45 pm - IP Logged|
"My guess is that MM will eventually do exactly what PB did - reduce the odds and double the ticket price."
What better way is there to justify raising the ticket price in the future than raise the odds, complain about poor sales and lower the odds and raise the price. Do you think their long term plan is to raise the ticket price to $3?
I think all of their plans involve getting as much money out of players as they can. I feel confident in promising that they'll raise the price to $3 or more, but I'm sure it will be several years before it happens. The "$1 is worth less than it used to be, and all prices rise" argument is BS, because it's a simple equation of balancing prizes with the odds, but the cost of the things that are funded by the lottery continue to rise.
Assuming PB and MM are still around in another 25 years the tickets will probably cost $5 or even $10. To be completely fair, advertising a jackpot of $250, $400 or $500 milion won't have the same power it does today, so they'll need truly enormous numbers to drive the really big sales.