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Powerball Lottery Game Sales At $2 Ticket Cost Versus $1 Ticket Cost

Topic closed. 24 replies. Last post 1 year ago by Thanks$.

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POWERBALL LOTTERY GAME CHANGING TICKET COST FROM $2 TO $1 TO INCREASE SALES?

Yes [ 19 ]  [61.29%]
No [ 6 ]  [19.35%]
WHY NOT? [ 6 ]  [19.35%]
Total Valid Votes [ 31 ]  
Discarded Votes [ 1 ]  
psykomo's avatar - animal shark.jpg

United States
Member #4877
May 30, 2004
5145 Posts
Offline
Posted: September 14, 2015, 1:39 pm - IP Logged

ALL YOU NEED IS $2 AND A DREAM?

4A THRIFTY:

 

 $185 MILLION PB "JackPot" 9-16-15 

             COOL CA$H "JACK"

    THRIFTY's avatar - great seal_obverse.jpg
    NEW YORK
    United States
    Member #90535
    April 29, 2010
    12118 Posts
    Offline
    Posted: September 14, 2015, 2:07 pm - IP Logged

    4A THRIFTY:

     

     $185 MILLION PB "JackPot" 9-16-15 

                 COOL CA$H "JACK"

    I AM SAVING MY $2 INSTEAD OF PLAYING THE POWERBALL LOTTERY GAME. 

     

    The jackpot might keep rolling into the new powerball lottery game matrix starting on October 7, 2015 with odds of 1 in 292 million. It will keep on rolling for as long as possible without a jackpot winner while they earn big interest on that money. It is the reason why you see longer Jackpot rollovers in these lottery games. Size of the USA population is 300 Million, new powerball lottery game odds will be 1 in 292 Million.

     

     

     

    Green laughGreen laughGreen laugh

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    PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

      THRIFTY's avatar - great seal_obverse.jpg
      NEW YORK
      United States
      Member #90535
      April 29, 2010
      12118 Posts
      Offline
      Posted: September 14, 2015, 3:24 pm - IP Logged

      The lottery wants to earn interest for as long as possible with the accumulated players pool money.

       

      The lottery does not want to see many jackpot winners in a calendar year because of it. How long did the Ohio classic lotto go without a jackpot winner, before it was won at $65 Million? 2.5 Years earning interest on the accumulated jackpot money?

       

      Remember most lotteries only have a 50% payback in prizes. 

       

      The lottery loves not having too many jackpot winners to avoid jackpot short falls ( SHORT TO FUND THE JACKPOT) and earn a lot of interest on the money.

      "1 winner of $73.3 million

      Somebody had to win it eventually.

      The Ohio Classic Lotto ended a non-winning streak of more than 2-1/2 years this weekend, with one winning ticket sold for a $73.3 million jackpot.

      Saturday's Classic Lotto numbers were 3, 8, 26, 28, 34, and 35. The Kicker was 103479.

      The lone winning ticket was sold at Grumpy Grandpa Get & Go Food in Ashtabula. It was the first Classic Lotto winner since Dec. 7, 2011, which was for a $2.7 million prize.

      After its long climb to more than $73 million, the jackpot reverts to $1 million for Monday night's drawing."https://www.lotterypost.com/news/276971

      US Flag

      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

        psykomo's avatar - animal shark.jpg

        United States
        Member #4877
        May 30, 2004
        5145 Posts
        Offline
        Posted: September 14, 2015, 6:27 pm - IP Logged

          Green laugh PartyDance "T" did U vote 4-YOURSELF ? Dance PartyGreen laugh

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          Kentucky
          United States
          Member #32652
          February 14, 2006
          7344 Posts
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          Posted: September 14, 2015, 7:06 pm - IP Logged

          ALL YOU NEED IS $2 AND A DREAM?

          The only relevance of the ticket price is when players are limited to buying only one ticket. A good example is the $20 per ticket raffle games. Another way to look at it is one $2 PB ticket has a better chance of winning $1 million than two MM $1 tickets.

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19901 Posts
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            Posted: September 16, 2015, 11:54 am - IP Logged

            "1 winner of $73.3 million

            Somebody had to win it eventually.

            The Ohio Classic Lotto ended a non-winning streak of more than 2-1/2 years this weekend, with one winning ticket sold for a $73.3 million jackpot.

            Saturday's Classic Lotto numbers were 3, 8, 26, 28, 34, and 35. The Kicker was 103479.

            The lone winning ticket was sold at Grumpy Grandpa Get & Go Food in Ashtabula. It was the first Classic Lotto winner since Dec. 7, 2011, which was for a $2.7 million prize.

            After its long climb to more than $73 million, the jackpot reverts to $1 million for Monday night's drawing."https://www.lotterypost.com/news/276971

            There was a time when a $70M+ jackpot with odds of 1:14M of winning would have attracted players from other states but now it doesn't even attract local players with the availability of MM and PB games locally.  What was once seen as a rare opportunity to win a large jackpot is now considered normal.  Players have come to expect there will always be a large jackpot available to anyone willing to buy a ticket.

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

              cbr$'s avatar - maren
              Cordova,Al.
              United States
              Member #104482
              January 15, 2011
              5435 Posts
              Online
              Posted: September 16, 2015, 12:10 pm - IP Logged

              I think the price such stay the same. If they , lower the cost of the ticket, they increase the cost for power play.

                duckman's avatar - ducklogodrake64x64
                Jacksonville Florida
                United States
                Member #23018
                October 6, 2005
                933 Posts
                Offline
                Posted: October 11, 2015, 1:26 pm - IP Logged

                PowerBall sales must be dismal, at least in Florida. The highest amount paid out in last night's (10/10/15) drawing were only six $200 prizes for the entire state. A $2 ticket cost for such low payouts for the smaller prizes is not good...

                  Illinois
                  United States
                  Member #118211
                  October 25, 2011
                  10 Posts
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                  Posted: October 12, 2015, 8:07 pm - IP Logged

                  The lottery wants to earn interest for as long as possible with the accumulated players pool money.

                   

                  The lottery does not want to see many jackpot winners in a calendar year because of it. How long did the Ohio classic lotto go without a jackpot winner, before it was won at $65 Million? 2.5 Years earning interest on the accumulated jackpot money?

                   

                  Remember most lotteries only have a 50% payback in prizes. 

                   

                  The lottery loves not having too many jackpot winners to avoid jackpot short falls ( SHORT TO FUND THE JACKPOT) and earn a lot of interest on the money.

                      The Wisconsin's Mega Bucks game (pick 6 out of 49) rolled-over for over 2 years and was finally hit in April 2015 for 22 million dollars. No where near as large as the Ohio lottery. Sometimes between draws the jackpot would actually go down in value. They had great reasons why that was OK though.

                    Illinois
                    United States
                    Member #118211
                    October 25, 2011
                    10 Posts
                    Offline
                    Posted: October 12, 2015, 8:37 pm - IP Logged

                         By paying $2.00 for a Power Ball ticket (odds 175 Millions-to-1), it brings the odds closer to the $1.00 Mega Millions ticket (odds 259 Millions-to-1). Because if you payed the same $2.00 for the Mega Millions (2 tickets/draws), it brings the odds down to 129.5 millions-to-1. If they ever did decide to drop the cost of the Power Ball back down to $1.00, they would have to increase the odds because buying $2.00 in the Power Ball (new $1.00 ticket with the original odds) would have odds of 87.5 millions-to-1.