Welcome Guest
Log In | Register )
You last visited January 22, 2017, 11:11 am
All times shown are
Eastern Time (GMT-5:00)

Big MM/PB Jackpots: 1 winner, or spread the wealth?

Topic closed. 25 replies. Last post 3 years ago by helpmewin.

Page 1 of 2
51
PrintE-mailLink

What do you think about the current big half billion MM/PB jackpots typically won by a single winner

Keep it like it is, 1 winner takes it all [ 12 ]  [41.38%]
Need to change so more people can be millionaires [ 11 ]  [37.93%]
Cap the Jackpot, and roll it down to lower prizes [ 1 ]  [3.45%]
Something in the middle (see below) [ 3 ]  [10.34%]
Other [ 2 ]  [6.90%]
Total Valid Votes [ 29 ]  
Discarded Votes [ 1 ]  
Jon D's avatar - calotterylogo
Los Angeles, California
United States
Member #103813
January 5, 2011
1530 Posts
Offline
Posted: December 16, 2013, 3:16 pm - IP Logged

Every time these big half a billion Mega Millions and Powerball Jackpots roll around, there is talk from some to "spread the wealth" instead of having the lion's share of all the money played going to 1 winner. Others are just the opposite, repulsed by the commie/socialist aspect of such a sentiment. That would be choice #1.

#2 doesn't really work, because if you make the game matrix easier for more people to win, it gets won all the time and hardly rolls over. Big jackpots from many rollovers is what drives the big sales. And there are already local state games with easier odds for few million dollars.

#3 has been tried but would probably fail with a multi-state JP as the capped jackpot just isn't that exciting. And there is the problem that is created by the rolling down of the jackpot money to the lower level prizes: at some point, high rollers can gain an advantage with little to no risk and a guaranteed profit. This was seen with the old MA Cash Winfall in the past.(FL Mega Money currently uses the cap and rolldown)

But maybe you could combine some of those elements that did not work, to create something more workable as #4.

Option A - don't cap the jackpot, but at certain levels divert a percentage of sales down the the 2nd prize tier. Like at $200M, take 5% of sales that would have gone to the Jackpot tier and spread it across the 2nd tier winners. At $400M, 10% from the jackpot goes down to 2nd prizes. And at $600M it becomes 15% or about half of what goes to the jackpot. This doesn't cap the jackpot, just slows it down and makes more multi-millionaires (or true millionares) at the 2nd prize level.

Option B - at certain levels, draw more mega balls to increase the possibility of winners. Like at $300M, you draw two Mega balls, and if anyone matches 5of5 white balls plus either of the two Mega balls, they win or share the Jackpot. And at $500M, you draw 3 mega balls, and so on. Again, this does not cap the jackpot, but makes it harder for it to keep rolling too long past a certain level, and increases the chances of multiple jackpot winners.

Or you could do a combination of A and B.

This kind of follows the principle of, "a rising tide lifts all boats." As it is now, a rising tide,(huge jackpot) with everyone else's boat fixed to the dock, doesn't do anything except leave them underwater.

    Avatar
    NY
    United States
    Member #23835
    October 16, 2005
    3501 Posts
    Offline
    Posted: December 16, 2013, 3:21 pm - IP Logged

    I'd like to see several tickets share the jackpot, but only if I don't have a ticket with the right numbers. Either way, I'd prefer to see it happen on Friday instead of tomorrow night, and Christmas eve would be even better.

      Avatar

      United States
      Member #145267
      August 1, 2013
      1732 Posts
      Offline
      Posted: December 16, 2013, 3:39 pm - IP Logged

      It is so high now that I would like to see at least 8 winning tickets.  About 40 million per ticket.

        Avatar

        United States
        Member #145267
        August 1, 2013
        1732 Posts
        Offline
        Posted: December 16, 2013, 3:43 pm - IP Logged

        I think if it gets to the point where it takes forever for only 1 ticket to win, people will stop playing at the beginning and wait for a very high jackpot, or they will stop playing altogether.

          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
          Bay Area - California
          United States
          Member #136477
          December 12, 2012
          4146 Posts
          Offline
          Posted: December 16, 2013, 3:50 pm - IP Logged

          More than one winner is fair. .to me. Its ridiculous to have a $500 mil  single ticket.  Millions have been playing and losing for decades and they get to a point where they will say " screw this"..A chance to win becomes no chance at all.
          Let's face it: one can only say " Congrats to the winner" only so many times before one starts thinking why am l even trying if l never win? When does it become " why not me". That's  reality no matter what some may say.
          That woman who allowed Gloria to cut in front of her said to the reporter " was not a problem" allowing Gloria in, but you can't tell me that she does not from time to time think   " what if.." its human Nature.
          Spread the wealth. .
          Let's face it- who truly needs $500 mil to survive,  unless we talking about a small country?

            helpmewin's avatar - dandy
            u$a
            United States
            Member #106665
            February 22, 2011
            19964 Posts
            Offline
            Posted: December 16, 2013, 4:02 pm - IP Logged

            i got my ticket today, only one this time Smiley Santa

            Let it Snow Snowman

              Avatar

              United States
              Member #145267
              August 1, 2013
              1732 Posts
              Offline
              Posted: December 16, 2013, 4:17 pm - IP Logged

              I got 10 multiplier tickets.

                Pita Maha's avatar - 940d8157 d1fb-4f70-a715-6ad04d915489.jpg
                SW Florida
                United States
                Member #145673
                August 11, 2013
                152 Posts
                Offline
                Posted: December 16, 2013, 4:27 pm - IP Logged

                I like your Option A.   2nd prize shouldn't be so proportionately small, so trickling down some money from the top would be a good way to make a nicer 2nd prize. 

                For this MM draw, I hope there's more than one winner sharing the jackpot.  I'd be perfectly okay with being one of 3 or 4 JP winners.  That's plenty of money.

                  Jon D's avatar - calotterylogo
                  Los Angeles, California
                  United States
                  Member #103813
                  January 5, 2011
                  1530 Posts
                  Offline
                  Posted: December 16, 2013, 4:52 pm - IP Logged

                  I like your Option A.   2nd prize shouldn't be so proportionately small, so trickling down some money from the top would be a good way to make a nicer 2nd prize. 

                  For this MM draw, I hope there's more than one winner sharing the jackpot.  I'd be perfectly okay with being one of 3 or 4 JP winners.  That's plenty of money.

                  Yeah, the prize structure is really lopsided and top heavy. the Option A just kicks in when they got what they wanted, a big jackpot, to restore some of the money taken out of the other tiers to boost the JP.

                  For MM 50% of sales goes to prizes, with the lion's share to the top Jackpot tier:

                  PrizesOdds 1 inPrizePercent
                  $85,000,000 258,890,8505 + Mega32.58%
                  $1,000,000 18,492,2045 of 55.41%
                  $5,000 739,6884 + Mega0.68%
                  $500 52,8354 of 50.95%
                  $50 10,7203 + Mega0.47%
                  $5 7663 of 50.65%
                  $5 4732 + Mega1.06%
                  $2 561 + Mega3.54%
                  $1 21Mega4.67%

                  CA is slightly different being pari-mutuel.

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
                    United States
                    Member #30470
                    January 17, 2006
                    10392 Posts
                    Online
                    Posted: December 16, 2013, 5:27 pm - IP Logged

                    Jon D,

                    Your Option B proposal is an excellent idea.

                    I've thought about something like this, 60% of the jackpot stays as is. For the remaining 40%, there are multi bonus balls, $1 each added to the ticket, players option of one only. The first bonus ball would get 50% of the remaining 40%, the second would get 30%, and the third 20%.

                    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                    Lep

                    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                      Jon D's avatar - calotterylogo
                      Los Angeles, California
                      United States
                      Member #103813
                      January 5, 2011
                      1530 Posts
                      Offline
                      Posted: December 16, 2013, 5:32 pm - IP Logged

                      Jon D,

                      Your Option B proposal is an excellent idea.

                      I've thought about something like this, 60% of the jackpot stays as is. For the remaining 40%, there are multi bonus balls, $1 each added to the ticket, players option of one only. The first bonus ball would get 50% of the remaining 40%, the second would get 30%, and the third 20%.

                      Actually, my option B wasn't stated exactly right. It wouldn't be 2 Mega balls drawn. It would be 1 Mega ball plus a 2nd (or 3rd) ball called a bonus ball or something that only applied to the 5/5 matchers. Otherwise all the fixed prizes get paid out too much. Possibly if they change to pari-mutuel, multi Mega balls might work, but I didn't work it out that far.

                        Avatar
                        Kentucky
                        United States
                        Member #32652
                        February 14, 2006
                        7344 Posts
                        Offline
                        Posted: December 16, 2013, 5:54 pm - IP Logged

                        Players have the option of increasing the secondary prizes for an extra $1 without changing the size of the jackpot they are playing for. Both MM and PB are using the odds to almost guarantee roll-overs hoping to start betting frenzies when the jackpots reach certain levels. The players who contributed under $20 million a drawing for the first nine will probably get nothing for their efforts and the players who contributed an extra $10 million a drawing for the next eight drawings probably won't either.

                        MM has a core group of players who made the jackpot grow to $250 million but then an equal size group of jackpot hunters joined them. The core group will still purchase more than $25 million tickets and some will probably spend more, but the majority of play will be made by players who contributed nothing until Tuesday's drawing.

                        It would be nice to spread the wealth, but impossible to spread it to the players who built the jackpot unless they are the lucky jackpot winners.

                          Avatar

                          United States
                          Member #149820
                          December 9, 2013
                          644 Posts
                          Offline
                          Posted: December 16, 2013, 5:55 pm - IP Logged

                          be it one or 21 I just want someone to win, if it's going to be just one I'll take one for the team and let it be me LOL

                            gnozahs's avatar - Lottery-029.jpg
                            New Member

                            United States
                            Member #148996
                            November 17, 2013
                            28 Posts
                            Offline
                            Posted: December 16, 2013, 5:56 pm - IP Logged

                            Spread the wealth but then again, someone probably would've hit it already if the odds were lower.

                              Avatar
                              Kentucky
                              United States
                              Member #32652
                              February 14, 2006
                              7344 Posts
                              Offline
                              Posted: December 16, 2013, 6:07 pm - IP Logged

                              Spread the wealth but then again, someone probably would've hit it already if the odds were lower.

                              Each 5 + 0 winner has a one in 15 chance of winning the jackpot, but they get a consolation prize of at least $1 million so let's ask the 0 + 1 winner about spreading the wealth.