Why Powerball and Megamillion ticket price remains $2 if starting price is NOT $40millionPrev TopicNext Topic

• DrMiracle

  

  MARYLAND
  United States
  Member #119,879
  December 5, 2011
  1,813 Posts
  Offline
  Oct 19, 2022, 8:28 am

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  On March 25, 2020 they said due to Covid19 they had to roll back from $40 starting price to $20 million due to 'interest rate and ticket sales"

  BUT THEY ARE NOT GOING TO ROLL BACK THE PRICE INCREASE OF A $1 AMOUNT ON EACH TICKET SALES.  THE TICKET PRICE REMAINS THE SAME $2 ( So they think consumers can afford to give extra $1 at the time of Covid 19 and when unemployment number went through the roof? )

  So, today is October 2022, Is Poweball and Megamillions ticket sales are down like in 2020? And Interest rate as well? 

  Or this is going to new norm that ticket price is $2 and starting price is $20. Oh yea, now because of inflation. 

  Corporation in America have thousand reasons to suck poor consumers money.
• Todd

  

  50

  Chief Bottle Washer

  New Jersey
  United States
  Member #1
  May 31, 2000
  27,944 Posts
  Online
  Oct 19, 2022, 9:49 am

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  Not sure if you caught this video when it came out in March, but it should give you some insight into this issue.  The video headline is about game changes, but a big portion was devoted to discussion of the starting jackpot amount.  The interview is with the head of the Mega Millions group, so there is no more definitive information about it than this.

  https://www.lotterypost.com/news/340204

   

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• cottoneyedjoe

  

  United States
  Member #197,030
  March 28, 2019
  1,647 Posts
  Offline
  Oct 19, 2022, 10:53 am

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  In response to DrMiracle

  Quote: Originally posted by DrMiracle on Oct 19, 2022

  On March 25, 2020 they said due to Covid19 they had to roll back from $40 starting price to $20 million due to 'interest rate and ticket sales"

  BUT THEY ARE NOT GOING TO ROLL BACK THE PRICE INCREASE OF A $1 AMOUNT ON EACH TICKET SALES.  THE TICKET PRICE REMAINS THE SAME $2 ( So they think consumers can afford to give extra $1 at the time of Covid 19 and when unemployment number went through the roof? )

  So, today is October 2022, Is Poweball and Megamillions ticket sales are down like in 2020? And Interest rate as well? 

  Or this is going to new norm that ticket price is $2 and starting price is $20. Oh yea, now because of inflation. 

  Corporation in America have thousand reasons to suck poor consumers money.

  I get what you're saying, but I also think the simplest way to get over this annoyance is to just not play until the jackpot is $X million dollars, for whatever value of X makes you feel that it's worth playing. If X = 40 for you, it only takes a couple of drawings for the starting value of $20 million to roll over to $40 million. So you'd just have to skip a few drawings.

  There are tons of players whose X is 500 or more, and they wouldn't care if the starting jackpot were $1, since they never play at anything below 500 or so.