|Posted: June 5, 2016, 9:03 pm - IP Logged|
What's even worse about this low rollover amount that it occurred after a record number of draws. We certainly are no where near a record jackpot, even for Megamillions. The previous record jackpot in MM came in less than 20 draws.
They went too far, they worsened the odds significantly while representing that they were improving the odds of "winning" (actually the odds of not losing) and they assumed that by reducing the value of the ticket they would increase sales.
Moreover, they made the probability of winning something reassuring, like say $7 next to impossible as well. The reinforcement those "Almost!" jackpots give players probably play a significant role in people's pyschology of buying tickets.
Sales fell through the floor, and they're probably all surprised. Duh...
The game is very badly designed.
It started with the $2 Powerball ticket. They increased the monetary sales for that game, but destroyed the other game in the process, and since states play both games, the net profit has decreased, with the exception of the $1.5B jackpot.
However that Jackpot may never be repeated. Powerball is taking a longer time to get there and I predict that it will peter out as well for many of the same reasons.