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powerball sales continue to drop

Topic closed. 29 replies. Last post 1 year ago by KY Floyd.

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Scratch$'s avatar - sm lottery.jpg

United States
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September 5, 2014
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Posted: September 7, 2015, 10:38 pm - IP Logged

Buh-bye, Powerball!  See Ya!

I'm officially kicking jackpot games to the curb. Powerball sucks, Mega Millions sucks, North Carolina Cash 5 sucks.

From now on I play only $10/$20/$30 dollar scratchers. I live within fairly easy driving distance of both Georgia and Virginia, so I can buy the best scratchers in 3 states.

Banana

Scratchers ~ Cash 5 ~ Powerball ~ Mega Millions

    Deo-nonfortuna's avatar - hqdefault
    NJ
    United States
    Member #165922
    April 27, 2015
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    Posted: September 7, 2015, 10:46 pm - IP Logged

    I think people are not excited about the lottery anymore, especially states that rarely see a jackpot win.  Other reason: unemployment, lack of hope, $2.00 pb and no wins for a long period of time, seeing the same places win and very high odds.

    Wait until the new PB matrix (like MM) hits next month, it will drag the sales to a new low. States like DE no longer has any jackpot winners, so of course people aren't gonna play as much as in bigger states. NY lotto has a slogan "ALL you need is a dollar and dream". Let's face it, 99.9999% people will not win PW or MM jackpot, so it's just a pipe dream.

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30470
      January 17, 2006
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      Posted: September 7, 2015, 10:59 pm - IP Logged

      Scratch$,

      There's a saying, "Everyone bets the same amount". It doesn't mean the same monetary amount but whatever amount it takes for them to get a thrill.

      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.

        weshar75's avatar - Lottery-042.jpg
        Mcminnville, Oregon
        United States
        Member #3013
        December 13, 2003
        3055 Posts
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        Posted: September 7, 2015, 11:08 pm - IP Logged

        I will continue to play powerball and mega millions because I only play one line with the multiplier hoping for the million prize.  I do not go crazy when the jackpot grows to much usually I will just go from one line of ticket to five lines of one ticket with multiplier on it for both mega and powerball when they are close to records.  But if it is a base jackpot only one line with multiplier.  So their not getting much from me this year.  I think that my state games like lucky lines and win for life are more down my isle because I have won prizes with them this year.  Small prizes to keep me playing those games here in oregon and since only people in oregon can win unless you travel here.-weshar75

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          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
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          Posted: September 8, 2015, 12:02 pm - IP Logged

          Wait until the new PB matrix (like MM) hits next month, it will drag the sales to a new low. States like DE no longer has any jackpot winners, so of course people aren't gonna play as much as in bigger states. NY lotto has a slogan "ALL you need is a dollar and dream". Let's face it, 99.9999% people will not win PW or MM jackpot, so it's just a pipe dream.

          Yes but it's a pipe dream that happens for a handful of folks every year which is enough to keep a lot of dreamers spending a couple of dollars for tickets  every drawing.  Let face it, people spent a lot more money on things that do more harm than a pipe dream.

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

            rcbbuckeye's avatar - Lottery-043.jpg
            Texas
            United States
            Member #55889
            October 23, 2007
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            Posted: September 8, 2015, 11:16 pm - IP Logged

            Where else can you drop a buck or 2 and have a chance at millions. Yeah, it's a real small chance, but every draw I'm in it and it only takes 1 ticket.

            CAN'T WIN IF YOU'RE NOT IN

            A DOLLAR AND A DREAM (OR $2)

              maximumfun's avatar - Lottery-030.jpg
              Lavender Rocket

              United States
              Member #124616
              March 16, 2012
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              Posted: September 9, 2015, 12:41 am - IP Logged

              Wait until the new PB matrix (like MM) hits next month, it will drag the sales to a new low. States like DE no longer has any jackpot winners, so of course people aren't gonna play as much as in bigger states. NY lotto has a slogan "ALL you need is a dollar and dream". Let's face it, 99.9999% people will not win PW or MM jackpot, so it's just a pipe dream.

              Once the jackpot hits record levels - non-serious/common people will return to PowerBall and then will forget/not care about the new odds - and if PB starts and continues to build big jackpots - they will stay PB players.  The sales won't be as high as before, but the profits will be bigger for the states because of the sales pushes of the big jackpots.

                Coin Toss's avatar - shape barbed.jpg
                Zeta Reticuli Star System
                United States
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                January 17, 2006
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                Posted: September 9, 2015, 1:19 pm - IP Logged

                There are lottery players and then there are those who wait for others to pump the jackpots up for them.

                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.

                  RedStang's avatar - tallman zps6gf4inoc.jpg
                  NY
                  United States
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                  January 21, 2012
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                  Posted: September 9, 2015, 2:23 pm - IP Logged

                  There are lottery players and then there are those who wait for others to pump the jackpots up for them.

                  I Agree!. It would be nice if regular lottery players could earn points like at a Casino. Were the ones that keep it going.

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                    Jacksonville
                    United States
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                    March 26, 2014
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                    Posted: September 9, 2015, 10:38 pm - IP Logged

                    Bottom line is that most people have who play PB have been burned by it.  How many times do you have to spend $10-$20 on tickets for a drawing and win absolutely nothing to get tired of it.  If the stars align right and it's a full moon, you may win $4 or $7.  I think most people just wait until the jackpot gets huge before they'll waste any money on it. 

                    Like someone else said, I'd take realistic chances at a $1M prize over impossible odds at a $100M prize.  The concept for a lot of millionaires in the Monopoly Millionaire Game was a good concept but just horribly executed.

                      Coin Toss's avatar - shape barbed.jpg
                      Zeta Reticuli Star System
                      United States
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                      Posted: September 9, 2015, 10:56 pm - IP Logged

                      I wouldn't call playing a game with jackpot odds of over 175 million to one actually getting 'burned' by it.

                      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.

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                        Jacksonville
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                        March 26, 2014
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                        Posted: September 9, 2015, 11:30 pm - IP Logged

                        I wouldn't call playing a game with jackpot odds of over 175 million to one actually getting 'burned' by it.

                        That's correct.  When I refer to being "burned" by it, I'm really pointing out the average player does not win anything on a typical draw.  The odds of winning any prize are 1 in 31.85 which means that even if you buy 5-10 tickets ($10 to $20) per drawing, you will probably not even get the lowest payout of $4. 

                        When the PB exceeds $150M, we form an office pool to buy tickets.  We typically buy about $50-$60 worth of tickets and every time so far we have either won nothing or we win $4 or $7.  I think our top payout was $11 ($4 win and a $7 win) one time.  Since I am the office pool manager, I know that our pool spent close to $1,000 in 2014 and won a total of $46. 

                        On a totally different note, I bought a ticket for tonight's drawing with the powerplay and my PB number of 08 actually got pulled.  I didn't match any other number and the multiplier is 2 so I get a whopping $8 back (which is the most I've won on a single ticket in over a year on PB).

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
                          United States
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                          January 17, 2006
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                          Posted: September 10, 2015, 12:12 pm - IP Logged

                          gatorsrok,

                          Regardless of the game the most common result is whatever doesn't pay, 0, 1 or 2 numbers on a Pick 6, etc...

                          The lotteries are also very well aware that the real small prizes go right back into more tickets.

                          Lep

                          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.

                            RJOh's avatar - chipmunk
                            mid-Ohio
                            United States
                            Member #9
                            March 24, 2001
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                            Posted: September 10, 2015, 1:52 pm - IP Logged

                            That's correct.  When I refer to being "burned" by it, I'm really pointing out the average player does not win anything on a typical draw.  The odds of winning any prize are 1 in 31.85 which means that even if you buy 5-10 tickets ($10 to $20) per drawing, you will probably not even get the lowest payout of $4. 

                            When the PB exceeds $150M, we form an office pool to buy tickets.  We typically buy about $50-$60 worth of tickets and every time so far we have either won nothing or we win $4 or $7.  I think our top payout was $11 ($4 win and a $7 win) one time.  Since I am the office pool manager, I know that our pool spent close to $1,000 in 2014 and won a total of $46. 

                            On a totally different note, I bought a ticket for tonight's drawing with the powerplay and my PB number of 08 actually got pulled.  I didn't match any other number and the multiplier is 2 so I get a whopping $8 back (which is the most I've won on a single ticket in over a year on PB).

                            I like to do a little test to really see which game I play is more likely to return more of my money if I don't win a second prize of the jackpot.  I calculate if I spent $500 in the last ten draws buying the 50 previous winning numbers or 25 of PB in my state(Ohio) the amount of the $500 I would win back.

                            Rolling Cash5(5/39)=$89/$500 or 18%
                            Ohio Classic Lotto(6/49)=$16/$500 or 3%
                            MegaMillions(5/75+1/15)=$35/$500 or 7%
                            PowerBall(5/59+1/35)=$54/$500 or 11%

                            I can see why PB is changing its matrix next month because it's paying out a larger percent of it sales in smaller prizes than other major games with jackpots of a million dollars or more in spite of its higher price.

                            I've matched 5of6 twice in OCL for $1500 but because of its lower returns on lower prizes I've lost more per dollar spent playing it than I did playing MM and PB.  Logic tells me I would fair better playing RC5 but it jackpots are $100K-$450K and I prefer the games with jackpots of $5M or more and from the returns I'm likely to receive MM or PB is a better deal with much worst odds.

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

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                              NY
                              United States
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                              October 16, 2005
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                              Posted: September 11, 2015, 2:34 am - IP Logged

                              "I can see why PB is changing its matrix next month because it's paying out a larger percent of it sales in smaller prizes than other major games"

                              Powerball pays out 50% of sales, period. The change in the matrix has absolutely nothing to do with how much they pay out for smaller prizes (which is 6.88% for all prizes up to $7' the $100 and $10,000 prizes account for another 1.44%). The change is strictly about their hopes to increase sales. Since sales are driven by large jackpots the change is all about making it harder to win the jackpot. The other changes are just the necessary result of changing the jackpot formula.