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Only in California...

Topic closed. 16 replies. Last post 3 years ago by CDanaT.

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California
United States
Member #61514
May 25, 2008
67 Posts
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Posted: February 27, 2014, 10:59 am - IP Logged

does matching MORE numbers = LESS money.

 

POWERBALL

Detailed Draw Results for California

Matching NumbersWinning TicketsPrize Amount
5 + Powerball0$50,000,000
50$538,659
4 + Powerball4$10,694
491$78
3 + Powerball114$97
34,240$6
2 + Powerball2,160$6
1 + Powerball12,714$3
Powerball23,126$4

 

Thanks a lot, pari-mutuel.

Already regretting delurking...

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
    Member #73904
    April 28, 2009
    14903 Posts
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    Posted: February 27, 2014, 1:22 pm - IP Logged

    I would petition Governor Moonbeam to see if he could come up with an environmentally-sound and earth-friendly, green-energy solution to that problem.

    And if he refused to act, I would call Sean Penn and have him comb his little Frenchman mustache and get to work mobilizing Hollywood.

      Avatar

      United States
      Member #147165
      September 24, 2013
      507 Posts
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      Posted: February 27, 2014, 1:52 pm - IP Logged

      It already happened many times before actually, its almost twice as hard to get 1 w/PB than 0 w/PB, but the prizes are the same. It sucks that many times 3 w/o PB or 2+PB is $6 as well. Only one time I saw 3 w/o PB it go for $8.

      Powerball in CA is mainly about getting 4 w/PB, 5 w/o PB, or winning the Jackpot. 4 w/PB is usually over $10k which is the prefixed amount in other states.

      Though 5 w/o PB rolls over if there is no winner, it will not be $1Million in a single draw unless the Jackpot is at $325M or above. Not enough sales. Three people have won $3Million due to the roll overs, and we have no Power Play option

        Jon D's avatar - calotterylogo
        Los Angeles, California
        United States
        Member #103813
        January 5, 2011
        1530 Posts
        Offline
        Posted: February 27, 2014, 2:38 pm - IP Logged

        does matching MORE numbers = LESS money.

         

        POWERBALL

        Detailed Draw Results for California

        Matching NumbersWinning TicketsPrize Amount
        5 + Powerball0$50,000,000
        50$538,659
        4 + Powerball4$10,694
        491$78
        3 + Powerball114$97
        34,240$6
        2 + Powerball2,160$6
        1 + Powerball12,714$3
        Powerball23,126$4

         

        Thanks a lot, pari-mutuel.

        Yep, the 1+PB prize often gets shafted for CA pari-mutuel Powerball.

        It doesn't have to be this way though.(pari-mutuel normally results in slightly higher average prize values) They just need to tweak the prize share percentages a bit.

        The old and new MM were/are slightly tweaked away from the straight statistical allocations per prize tier for CA pari-mutuel versions. Not sure why they didn't do this with PB. Will they fix it? Who knows, only if people make a fuss I'd imagine.

        As we approach the 1 year anniversary of Cali PB launch, here is the current running Average Prize Value Per Draw for CA pari-mutuel PB, compared to the fixed prizes of other states:

        Prize TierCA Average pari-mutuel Prize ValueUS Fixed Prize
        5 + 0$1,098,328$1,000,000
        4 + PB$14,463$10,000
        4 + 0$101$100
        3 + PB$103$100
        3 + 0$7$7
        2 + PB$6$7
        1 + PB$3$4
        PB$4$4

        As you can see, 1+PB and 2+PB have been consistently lower so as to drag the average down by a dollar. And consequently, there are larger average prize values for 5+0 and 4+PB 2nd and 3rd prizes.(that's where you'd take money from if you tweaked it)

          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
          Massachusetts
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          Member #37433
          April 14, 2006
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          Posted: February 27, 2014, 4:38 pm - IP Logged

          What the hell is this?? wow. Californians getting screwed by their lottery again after being denied the PP and MP opportunity. Thats what I call up-side down logic. Thumbs Down

          That money's gone fo ever

            mightwin's avatar - questns

            United States
            Member #103786
            January 5, 2011
            486 Posts
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            Posted: February 28, 2014, 10:07 am - IP Logged

            What the hell is this?? wow. Californians getting screwed by their lottery again after being denied the PP and MP opportunity. Thats what I call up-side down logic. Thumbs Down

            I wouldnt say they are getting screwed at all, since players have no state taxes on lottery winnings in california

              psykomo's avatar - animal shark.jpg

              United States
              Member #4877
              May 30, 2004
              5120 Posts
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              Posted: February 28, 2014, 10:29 am - IP Logged

              What the hell is this?? wow. Californians getting screwed by their lottery again after being denied the PP and MP opportunity. Thats what I call up-side down logic. Thumbs Down

              MGM:

              My Kalie & west coast friends tell me Mother Nature PI$$ED off again UP Thumbs Up & DOWN Thumbs Down D COAST!!!!!!!!!!!!!

              RAIN w/mud slides

              SNOW w/snow slides

              EARTHQUAKES forecast by the cats

              FIRE w/drough before the rain

                  Party "Only in California"  Party

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
                United States
                Member #121193
                January 4, 2012
                1637 Posts
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                Posted: February 28, 2014, 10:52 am - IP Logged

                I wouldnt say they are getting screwed at all, since players have no state taxes on lottery winnings in california

                Most any other state you get 5/5 w/out the PB and it's usually $1 million(haven't researched all participating states) But in California it's ONLY $538,659(according to Bytheshore's chart above) ???..then take out fed taxes of 25%(almost $135K) more will come later ...Leaves roughly $403,000.00

                Just for S&G..let's change that to $1  million for the 5/5 and no PB like the rest of the country....take out the 25% for feds(250K and more to come later) and then lets add 12.3% for CA. state tax($123,000)...leaving you roughly $627,000.00.......

                $1 million for most(if not all other states)  vs $538K in California    (ALMOST 1/2)

                The cost of a PB ticket is $2 I trust ??

                "I wouldnt say they are getting screwed at all,"

                Hmmmmmmmmmm <scratching head>    What?

                Interesting

                TEXAS results on the last PB drawing:

                Number
                Correct
                Prize
                Amount
                Texas
                Winners
                Jackpot1
                Option
                Total2
                Prize
                w/Power Play
                Power Play
                Winners
                5 of 5 w/Powerball$50 MillionRoll----
                5 of 5$1,000,0000$2,000,0000
                4 of 5 w/Powerball$10,0002$20,0000
                4 of 5$10039$2003
                3 of 5 w/Powerball$10061$20016
                3 of 5$72,026$14587
                2 of 5 w/Powerball$7969$14271
                1 of 5 w/Powerball$45,886$81,585
                0 of 5 w/Powerball$410,827$83,039
                Total Texas Winners:19,810  5,501

                Stay Positive, Believe and good things will come your way

                  Jon D's avatar - calotterylogo
                  Los Angeles, California
                  United States
                  Member #103813
                  January 5, 2011
                  1530 Posts
                  Offline
                  Posted: February 28, 2014, 10:57 am - IP Logged

                  MGM:

                  My Kalie & west coast friends tell me Mother Nature PI$$ED off again UP Thumbs Up & DOWN Thumbs Down D COAST!!!!!!!!!!!!!

                  RAIN w/mud slides

                  SNOW w/snow slides

                  EARTHQUAKES forecast by the cats

                  FIRE w/drough before the rain

                      Party "Only in California"  Party

                  Party "Only in California"  Party

                  Thumbs Up

                  Thumbs Down

                    Jon D's avatar - calotterylogo
                    Los Angeles, California
                    United States
                    Member #103813
                    January 5, 2011
                    1530 Posts
                    Offline
                    Posted: February 28, 2014, 11:07 am - IP Logged

                    Most any other state you get 5/5 w/out the PB and it's usually $1 million(haven't researched all participating states) But in California it's ONLY $538,659(according to Bytheshore's chart above) ???..then take out fed taxes of 25%(almost $135K) more will come later ...Leaves roughly $403,000.00

                    Just for S&G..let's change that to $1  million for the 5/5 and no PB like the rest of the country....take out the 25% for feds(250K and more to come later) and then lets add 12.3% for CA. state tax($123,000)...leaving you roughly $627,000.00.......

                    $1 million for most(if not all other states)  vs $538K in California    (ALMOST 1/2)

                    The cost of a PB ticket is $2 I trust ??

                    "I wouldnt say they are getting screwed at all,"

                    Hmmmmmmmmmm <scratching head>    What?

                    Interesting

                    TEXAS results on the last PB drawing:

                    Number
                    Correct
                    Prize
                    Amount
                    Texas
                    Winners
                    Jackpot1
                    Option
                    Total2
                    Prize
                    w/Power Play
                    Power Play
                    Winners
                    5 of 5 w/Powerball$50 MillionRoll----
                    5 of 5$1,000,0000$2,000,0000
                    4 of 5 w/Powerball$10,0002$20,0000
                    4 of 5$10039$2003
                    3 of 5 w/Powerball$10061$20016
                    3 of 5$72,026$14587
                    2 of 5 w/Powerball$7969$14271
                    1 of 5 w/Powerball$45,886$81,585
                    0 of 5 w/Powerball$410,827$83,039
                    Total Texas Winners:19,810  5,501

                    The OP's chart was just single draw prize values for 2/26 PB draw.

                    The long term average prize value per draw for CA PB 5/5 is actually a little over a million. See my chart above for long term average since CA PB launch.

                    But you also have to eat the ups and downs with pari-mutuel. See pictures above for some 5/5 extremes examples.

                      Avatar
                      San Diego, CA
                      United States
                      Member #58386
                      February 12, 2008
                      287 Posts
                      Offline
                      Posted: February 28, 2014, 3:01 pm - IP Logged

                      The OP's chart was just single draw prize values for 2/26 PB draw.

                      The long term average prize value per draw for CA PB 5/5 is actually a little over a million. See my chart above for long term average since CA PB launch.

                      But you also have to eat the ups and downs with pari-mutuel. See pictures above for some 5/5 extremes examples.

                      Is that "average prize value" what is paid out to each winner or the total amount?

                      For example, the pari-mutuel could be $1.5 M, but if two people win they each get $750K.

                      In my example does the "average prize value" mentioned above refer to $1.5M or $750?

                        Jon D's avatar - calotterylogo
                        Los Angeles, California
                        United States
                        Member #103813
                        January 5, 2011
                        1530 Posts
                        Offline
                        Posted: February 28, 2014, 3:19 pm - IP Logged

                        Is that "average prize value" what is paid out to each winner or the total amount?

                        For example, the pari-mutuel could be $1.5 M, but if two people win they each get $750K.

                        In my example does the "average prize value" mentioned above refer to $1.5M or $750?

                        It is the prize value that is awarded to winners of the draw. Same for all the other tiers. My table shows the average of all those values since CA PB launch for all draws with a winner in that tier.

                        In your example, it would be the pari-mutuel prize value of $750K.(because the prize pool of $1.5M is split by 2 winners)

                          CopyCat's avatar - Lottery-045.jpg
                          Los Angeles
                          United States
                          Member #1289
                          March 22, 2003
                          473 Posts
                          Offline
                          Posted: February 28, 2014, 3:40 pm - IP Logged

                          I would petition Governor Moonbeam to see if he could come up with an environmentally-sound and earth-friendly, green-energy solution to that problem.

                          And if he refused to act, I would call Sean Penn and have him comb his little Frenchman mustache and get to work mobilizing Hollywood.

                          Hi rdgrnr,

                           

                          I have to say that I have read your posts many times, and each time they make my day.  You have such a great sense of humor, you should write a book on your view of life and Cicada's.  I will never forget the day you were on a motorcycle and you said something to the effect of the wind and the cicada's blowing in your face maybe at 50 miles an hour.  That was classic.

                           

                          Have a great week rdgrnr,

                           

                          CopyCat$$$$$$$$$$$$$$$

                           

                          Party

                            Avatar
                            San Diego, CA
                            United States
                            Member #58386
                            February 12, 2008
                            287 Posts
                            Offline
                            Posted: February 28, 2014, 4:29 pm - IP Logged

                            It is the prize value that is awarded to winners of the draw. Same for all the other tiers. My table shows the average of all those values since CA PB launch for all draws with a winner in that tier.

                            In your example, it would be the pari-mutuel prize value of $750K.(because the prize pool of $1.5M is split by 2 winners)

                            In other words, pari-mutuel is actually a better option for players.

                            Not surprised.  California gets a bad rap sometimes.  Not in this case.

                            I wonder if that benefit applies to all prizes.

                              CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                              TX
                              United States
                              Member #121193
                              January 4, 2012
                              1637 Posts
                              Offline
                              Posted: February 28, 2014, 5:46 pm - IP Logged

                              The OP's chart was just single draw prize values for 2/26 PB draw.

                              The long term average prize value per draw for CA PB 5/5 is actually a little over a million. See my chart above for long term average since CA PB launch.

                              But you also have to eat the ups and downs with pari-mutuel. See pictures above for some 5/5 extremes examples.

                              How often does this flucuate like this ??

                              Stay Positive, Believe and good things will come your way