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Do you think PB & MM should adjust their lower tier payouts to reflect the odd?

Yes

[ 16 ]

[ 88.9% ]

Some

[ 0 ]

[ 0.0% ]

[ 2 ]

[ 11.1% ]

Total valid votes

[ 18 ]

Discarded votes

[ 0 ]

JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Aug 4, 2023, 10:28 am

Powerball History
Dates	Matrix	Multiplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
Dates	Matrix	The Power Play	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
1992-04-22 to 1997-11-01	5/45 and 1/45	None	$1.00	1 : 54,979,155	20 Year	$2,000,000	$111,240,463
1997-11-05 to 2001-03-03	5/49 and 1/42	None	$1.00	1 : 80,089,128	25 Year	$10,000,000	$295,700,000
2001-03-07 to 2002-10-05	5/49 and 1/42	BDN x1 - x5	$1.00	1 : 80,089,128	25 Year	$10,000,000	$295,000,000
2002-10-09 to 2005-08-27	5/53 and 1/42	BDN x2 - x5	$1.00	1 : 120,526,770	30 Year	$10,000,000	$314,900,000
2005-08-31 to 2009-01-03	5/55 and 1/42	BDN x2 - x5	$1.00	1 : 146,107,962	30 Year	$15,000,000	$365,000,000
2009-01-07 to 2012-01-14	5/59 and 1/39	CGN x2 - x5	$1.00	1 : 195,249,054	30 Year	$20,000,000	$261,600,000
2012-01-18 to 2014-01-18	5/59 and 1/35	None	$2.00	1 : 175,223,510	30 Year	$40,000,000	$590,500,000
2014-01-22 to 2015-10-03	5/59 and 1/35	CGN x2 - x5	$2.00	1 : 175,223,510	30 Year	$40,000,000	$564,100,000
2015-10-07 to -Present-	5/69 and 1/26	CGN x2 – x5	$2.00	1 : 292,201,338	30 Year	$40,000,000	$2,040,100,000
2015-10-07 to -Present-	5/69 and 1/26	x10 (JP < $150 M)	$2.00	1 : 292,201,338	30 Year	$40,000,000	$2,040,100,000

Mega Millions History
Dates	Matrix	Multiplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
Dates	Matrix	The Megaplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
1996-09-06 to 1999-01-12	5/50 and 1/25	None	$1.00	1 : 52,969,000	20 Year	$5,000,000	$77,000,000
1999-01-15 to 2002-05-14	5/50 and 1/36	None	$1.00	1 : 76,275,360	20 Year	$5,000,000	$363,000,000
2002-05-17 to 2005-06-21	5/52 and 1/52	None	$1.00	1 : 135,145,920	26 Year	$10,000,000	$294,000,000
2005-06-24 to 2013-10-18	5/56 and 1/46	None	$1.00	1 : 175,711,536	26 Year	$12,000,000	$656,000,000
2013-10-22 to 2017-10-27	5/75 and 1/15	BDN x2 - x5	$1.00	1 : 258,890,850	30 Year	$15,000,000	$636,000,000
2017-10-31 to -present-	5/70 and 1/25	BDN x2 - x5	$2.00	1 : 302,575,350	30 Year	$40,000,000	$1,600,000,000

Multiplier Selection Method
BDN - Ball Drawn Number
CGN - Computer Generated Number

Powerball Lower Tier History

Dates

Matrix

Payouts

Odds

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

1992-04-22 to 1997-11-01

5/45 and 1/45

$100,000

$5,000

$100

$100

$7

$5

$2

$1

1:1,249,526.25

1:274,895.78

1:6,247.63

1:7,048.61

1:160.20

1:556.47

1:120.32

1:83.55

1997-11-05 to 2002-10-05

5/49 and 1/42

$100,000

$5,000

$100

$100

$7

$7

$4

$3

1:1,953,393.37

1:364,041.49

1:8,879.06

1:8,466.08

1:206.49

1:604.72

1:117.99

1:73.75

2002-10-09 to 2005-08-27

5/53 and 1/42

$100,000

$5,000

$100

$100

$7

$7

$4

$3

1:2,939,677.32

1:502,194.88

1:12,248.66

1:10,685.00

1:260.61

1:696.85

1:123.88

1:70.39

2005-08-31 to 2009-01-03

5/55 and 1/42

$200,000

$10,000

$100

$100

$7

$7

$4

$3

1:3,563,608.83

1:584,431.85

1:14,254.44

1:11,927.18

1:290.91

1:745.45

1:126.88

1:68.96

2009-01-07 to 2012-01-14

5/59 and 1/39

$200,000

$10,000

$100

$100

$7

$7

$4

$3

1:5,138,133.00

1:723,144.64

1:19,030.12

1:13,644.24

1:359.06

1:787.17

1:123.48

1:61.74

2012-01-18 to 2015-10-03

5/59 and 1/35

$1,000,000

$10,000

$100

$100

$7

$7

$4

$4

1:5,153,632.65

1:648,975.96

1:19,087.53

1:12,244.83

1:360.14

1:706.43

1:110.81

1:55.41

2015-10-07 to -Present-

5/69 and 1/26

$1,000,000

$50,000

$100

$100

$7

$7

$4

$4

1:11,688,053.52

1:913,129.18

1:36,525.17

1:14,494.11

1:579.76

1:701.33

1:91.98

1:38.32

Mega Millions Lower Tier History

Dates

Matrix

Payouts

Odds

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

1996-09-06 to 1999-01-12

5/50 and 1/25

$150,000

$5,000

$150

$100

$5

$5

$2

$1

1:2,207,041.67

1:235,417.78

1:9,809.07

1:5,350.40

1:222.93

1:373.28

1:71.10

1:43.35

1999-01-15 to 2002-05-14

5/50 and 1/36

$175,000

$5,000

$150

$150

$7

$10

$3

$2

1:2,179,296.00

1:339,001.60

1:9,685.76

1:7,704.58

1:220.13

1:537.53

1:102.39

1:62.43

2002-05-17 to 2005-06-21

5/52 and 1/52

$175,000

$5,000

$150

$150

$7

$10

$3

$2

1:2,649,920.00

1:575,089.02

1:11,276.26

1:12,501.94

1:245.14

1:833.46

1:151.54

1:88.10

2005-06-24 to 2013-10-18

5/56 and 1/46

$250,000

$10,000

$150

$150

$7

$10

$3

$2

1:3,904,700.80

1:689,064.85

1:15,312.55

1:13,781.30

1:306.25

1:843.75

1:140.63

1:74.80

2013-10-22 to 2017-10-27

5/75 and 1/15

$1,000,000

$5,000

$500

$50

$5

$5

$2

$1

1:18,492,203.57

1:739,688.14

1:52,834.87

1:10,720.12

1:765.72

1:472.95

1:56.47

1:21.39

2017-10-31 to -present-

5/70 and 1/25

$1,000,000

$10,000

$500

$200

$10

$10

$4

$2

1:12,607,306.25

1:931,001.08

1:38,791.71

1:14,546.89

1:606.12

1:692.71

1:89.38

1:36.63

It's interesting that Powerball hasn't changed many of its lower tier payouts to keep up with the increasing odds since its beginning way back in 1992; most notably the 4+0 & 3+1 $100 payouts.

Mega Millions has made some reasonable changes to its lower tier payouts.

What do you think?

The One Over None
I Know...

GiveFive

Florida - West Coast
United States
Member #92,605
June 10, 2010
6,529 Posts
Offline

Aug 4, 2023, 2:01 pm

Quote: Originally posted by JADELottery on Aug 4, 2023

Powerball History
Dates	Matrix	Multiplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
Dates	Matrix	The Power Play	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
1992-04-22 to 1997-11-01	5/45 and 1/45	None	$1.00	1 : 54,979,155	20 Year	$2,000,000	$111,240,463
1997-11-05 to 2001-03-03	5/49 and 1/42	None	$1.00	1 : 80,089,128	25 Year	$10,000,000	$295,700,000
2001-03-07 to 2002-10-05	5/49 and 1/42	BDN x1 - x5	$1.00	1 : 80,089,128	25 Year	$10,000,000	$295,000,000
2002-10-09 to 2005-08-27	5/53 and 1/42	BDN x2 - x5	$1.00	1 : 120,526,770	30 Year	$10,000,000	$314,900,000
2005-08-31 to 2009-01-03	5/55 and 1/42	BDN x2 - x5	$1.00	1 : 146,107,962	30 Year	$15,000,000	$365,000,000
2009-01-07 to 2012-01-14	5/59 and 1/39	CGN x2 - x5	$1.00	1 : 195,249,054	30 Year	$20,000,000	$261,600,000
2012-01-18 to 2014-01-18	5/59 and 1/35	None	$2.00	1 : 175,223,510	30 Year	$40,000,000	$590,500,000
2014-01-22 to 2015-10-03	5/59 and 1/35	CGN x2 - x5	$2.00	1 : 175,223,510	30 Year	$40,000,000	$564,100,000
2015-10-07 to -Present-	5/69 and 1/26	CGN x2 – x5	$2.00	1 : 292,201,338	30 Year	$40,000,000	$2,040,100,000
2015-10-07 to -Present-	5/69 and 1/26	x10 (JP < $150 M)	$2.00	1 : 292,201,338	30 Year	$40,000,000	$2,040,100,000

Mega Millions History
Dates	Matrix	Multiplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
Dates	Matrix	The Megaplier	Cost	Jackpot Odds	Jackpot Annuity	Minimum Jackpot	Maximum Jackpot
1996-09-06 to 1999-01-12	5/50 and 1/25	None	$1.00	1 : 52,969,000	20 Year	$5,000,000	$77,000,000
1999-01-15 to 2002-05-14	5/50 and 1/36	None	$1.00	1 : 76,275,360	20 Year	$5,000,000	$363,000,000
2002-05-17 to 2005-06-21	5/52 and 1/52	None	$1.00	1 : 135,145,920	26 Year	$10,000,000	$294,000,000
2005-06-24 to 2013-10-18	5/56 and 1/46	None	$1.00	1 : 175,711,536	26 Year	$12,000,000	$656,000,000
2013-10-22 to 2017-10-27	5/75 and 1/15	BDN x2 - x5	$1.00	1 : 258,890,850	30 Year	$15,000,000	$636,000,000
2017-10-31 to -present-	5/70 and 1/25	BDN x2 - x5	$2.00	1 : 302,575,350	30 Year	$40,000,000	$1,600,000,000

Multiplier Selection Method
BDN - Ball Drawn Number
CGN - Computer Generated Number

Powerball Lower Tier History

Dates

Matrix

Payouts

Odds

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

1992-04-22 to 1997-11-01

5/45 and 1/45

$100,000

$5,000

$100

$100

$7

$5

$2

$1

1:1,249,526.25

1:274,895.78

1:6,247.63

1:7,048.61

1:160.20

1:556.47

1:120.32

1:83.55

1997-11-05 to 2002-10-05

5/49 and 1/42

$100,000

$5,000

$100

$100

$7

$7

$4

$3

1:1,953,393.37

1:364,041.49

1:8,879.06

1:8,466.08

1:206.49

1:604.72

1:117.99

1:73.75

2002-10-09 to 2005-08-27

5/53 and 1/42

$100,000

$5,000

$100

$100

$7

$7

$4

$3

1:2,939,677.32

1:502,194.88

1:12,248.66

1:10,685.00

1:260.61

1:696.85

1:123.88

1:70.39

2005-08-31 to 2009-01-03

5/55 and 1/42

$200,000

$10,000

$100

$100

$7

$7

$4

$3

1:3,563,608.83

1:584,431.85

1:14,254.44

1:11,927.18

1:290.91

1:745.45

1:126.88

1:68.96

2009-01-07 to 2012-01-14

5/59 and 1/39

$200,000

$10,000

$100

$100

$7

$7

$4

$3

1:5,138,133.00

1:723,144.64

1:19,030.12

1:13,644.24

1:359.06

1:787.17

1:123.48

1:61.74

2012-01-18 to 2015-10-03

5/59 and 1/35

$1,000,000

$10,000

$100

$100

$7

$7

$4

$4

1:5,153,632.65

1:648,975.96

1:19,087.53

1:12,244.83

1:360.14

1:706.43

1:110.81

1:55.41

2015-10-07 to -Present-

5/69 and 1/26

$1,000,000

$50,000

$100

$100

$7

$7

$4

$4

1:11,688,053.52

1:913,129.18

1:36,525.17

1:14,494.11

1:579.76

1:701.33

1:91.98

1:38.32

Mega Millions Lower Tier History

Dates

Matrix

Payouts

Odds

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

5+0

4+1

4+0

3+1

3+0

2+1

1+1

0+1

1996-09-06 to 1999-01-12

5/50 and 1/25

$150,000

$5,000

$150

$100

$5

$5

$2

$1

1:2,207,041.67

1:235,417.78

1:9,809.07

1:5,350.40

1:222.93

1:373.28

1:71.10

1:43.35

1999-01-15 to 2002-05-14

5/50 and 1/36

$175,000

$5,000

$150

$150

$7

$10

$3

$2

1:2,179,296.00

1:339,001.60

1:9,685.76

1:7,704.58

1:220.13

1:537.53

1:102.39

1:62.43

2002-05-17 to 2005-06-21

5/52 and 1/52

$175,000

$5,000

$150

$150

$7

$10

$3

$2

1:2,649,920.00

1:575,089.02

1:11,276.26

1:12,501.94

1:245.14

1:833.46

1:151.54

1:88.10

2005-06-24 to 2013-10-18

5/56 and 1/46

$250,000

$10,000

$150

$150

$7

$10

$3

$2

1:3,904,700.80

1:689,064.85

1:15,312.55

1:13,781.30

1:306.25

1:843.75

1:140.63

1:74.80

2013-10-22 to 2017-10-27

5/75 and 1/15

$1,000,000

$5,000

$500

$50

$5

$5

$2

$1

1:18,492,203.57

1:739,688.14

1:52,834.87

1:10,720.12

1:765.72

1:472.95

1:56.47

1:21.39

2017-10-31 to -present-

5/70 and 1/25

$1,000,000

$10,000

$500

$200

$10

$10

$4

$2

1:12,607,306.25

1:931,001.08

1:38,791.71

1:14,546.89

1:606.12

1:692.71

1:89.38

1:36.63

It's interesting that Powerball hasn't changed many of its lower tier payouts to keep up with the increasing odds since its beginning way back in 1992; most notably the 4+0 & 3+1 $100 payouts.

Mega Millions has made some reasonable changes to its lower tier payouts.

What do you think?

I'm the lone vote so far in the poll. They should enhance the lower tier payouts, but they know they don't have to do it, so they won't.

What they all too well understand is players will to continue to buy tickets even if they make changes that are great for them, but aren't good for players. G5

Play Smart!

CDanaT

Central TN
United States
Member #121,187
January 4, 2012
7,551 Posts
Offline

Aug 4, 2023, 2:07 pm

There ya go G5....I voted & opposed ya...just for S&G
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Aug 4, 2023, 3:29 pm

Oh My Good Nips, Dra-mer...

The One Over None
I Know...
Wavepack

us
Member #226,814
November 8, 2022
413 Posts
Offline

Aug 4, 2023, 7:20 pm

Not only should the lower tier payouts better reflect the odds, they should better reflect the ticket price doubling.

Thanks for posting this payout and odds history.

Another useful history would be the (total player payout) / (total player cost). ie, what's the % of player money, in aggregate, that gets siphoned away from them playing these lose-a-lot lotteries.

Some more useful tidbits:

For Mega Millions,

93.5% expected loss, no megaplier, 3 or less ball hits
92.2% expected loss, No megaplier, 4 or less ball hits

87% expected loss with Megaplier for 3 or less ball hits
84.34% expected loss with Megaplier for 4 or less ball hits
83.27% expected loss with Megaplier for 4 or less ball hits or 4+1 hit

For Powerball,

84% loss expected with NO powerplay, excluding jackpot
91% loss expected with NO powerplay, excluding {jackpot, 5W, 4W+1}

71.0% loss expected with powerplay, excluding jackpot
83.8% loss expected with powerplay, excluding {jackpot, 5W, 4W+1}
Brock Lee

us
Member #231,831
May 4, 2023
391 Posts
Offline

Aug 25, 2023, 2:41 pm

only gambling addicts care about the petty lower prizes. eliminate them and divert the money to the bigger prizes.
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 1, 2023, 5:24 pm

As of 2023-10-01

Yes [ 8 ] [ 80.0% ]
Some [ 0 ] [ 0.0% ]
No [ 2 ] [ 20.0% ]

The One Over None
I Know...
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 1, 2023, 5:25 pm

Quote: Originally posted by Brock Lee on Aug 25, 2023
only gambling addicts care about the petty lower prizes. eliminate them and divert the money to the bigger prizes.

Spoken like a true Jackpot Junkie.

The One Over None
I Know...

JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 1, 2023, 6:08 pm

Oh, this has been running through my mind lately:

Foreigner Parody of Foreiger's Juke Box Hero

Called - Jack Pot Junkie

·

Standing in the line, with his hands held low.

Trying to get a ticket, it was a big prize show.

Saw the soar of the load, he could imagine the gleem.

Put his mind to the wow, then like a familiar dream.

He saw one jack high, just knew right away.

He saw Pie - In - The - Sky, and the very next Draw.

·

Bought a system six line, in an online store.

Didn't know if 'e should play it, but did it for sure.

That two play slip, felt like the winner in his hands.

Didn't take long, to take a stand.

Just six lines hard, played down low.

Was the only tickets, flung down fo' show.

So he started jockin', ain't never lookin' back.

Gotta keep playin', someday gonna make it to the win.

·

To be a Jack - Pot - Junkie, got Pie - In - The - Sky.

'e's A - Jack - Pot - Junkie.

He took one regard, (Jack - Pot - Junkie, got Pie - In - The - Sky.)

Jack - Pot - Junkie, (got Pie - In - The - Sky) he'll win tonight.

·

…

The One Over None
I Know...

Ranett

United States
Member #201,957
November 3, 2019
2,388 Posts
Offline

Oct 1, 2023, 7:50 pm

I spend less on both games these days. The matrix & payouts on both games make them unappealing.
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 2, 2023, 10:24 am

As of 2023-10-02

Yes [ 9 ] [ 81.8% ]
Some [ 0 ] [ 0.0% ]
No [ 2 ] [ 18.2% ]

The One Over None
I Know...
Wavepack

us
Member #226,814
November 8, 2022
413 Posts
Offline

Oct 2, 2023, 4:46 pm

Jackpot junkie -- thanks for posting that.

I posted a few public service announcements in the PB news threads:

If you want to mazimize your lifetime total PB losses, you should choose the powerplay option. Why? Because expected total loss far exceeds expected total wins.

Ex. Playing 3 powerplay tickets per draw for 50 years results in a 99% chance of being down $19,600. The odds of NOT hitting 5 or 6 balls during a lifetime of this PB play is about 99%.
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 3, 2023, 7:42 am

Powerball's 4+0, 3+1 & 3+0 payouts haven't changed since its beginning way back in 1992; the 2+1, 1+1 & 0+1 are willfully mediocre at best, but the odds have gone up.

In addition to the doubling of the cost to play; triple if you chose the multiplier, is really a loosing bet.

Unless the multiplier is at least x3 or better, no way; as we can see the Powerball loves its x2.

At least Mega Millions has made changes to these payouts and its multiplier gives some hope; so, we tend to play that more.

Well, we will just keep not playing when the jackpot is lower than at least a Billion and let the Jackpot Junkies build it.

We'll keep posting guesses in the Maddog Challenges, but this is all the reason not to play them regularly.

The One Over None
I Know...
JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
4,768 Posts
Offline

Oct 3, 2023, 7:47 am

As of 2023-10-03

Yes [ 11 ] [ 84.6% ]
Some [ 0 ] [ 0.0% ]
No [ 2 ] [ 15.4% ]

The One Over None
I Know...

JADELottery

Eagle Sun

MN
United States
Member #21
December 7, 2001
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Oct 17, 2023, 1:01 pm

Jackpot Goggles Off Now

Powerball
Date Change		4+0	3+1	3+0
1992	Payout	$100	$100	$7
1992	Odds	1:6,247.63	1:7,048.61	1:160.20
2023	Payout	$100	$100	$7
2023	Odds	1:36,525.17	1:14,494.11	1:579.76
Increase	Payout	$0	$0	$0
	Payout	1.0 x Higher	1.0 x Higher	1.0 x Higher
	Odds	5.8 x Higher	2.1 x Higher	3.6 x Higher

Mega Millions
Date Change		4+0	3+1	3+0
1996	Payout	$150	$100	$5
1996	Odds	1:9,809.07	1:5,350.40	1:222.93
2023	Payout	$500	$200	$10
2023	Odds	1:38,791.71	1:14,546.89	1:606.12
Increase	Payout	+$350	+$100	+$5
	Payout	3.3 x Higher	2.0 x Higher	2.0 x Higher
	Odds	4.0 x Higher	2.7 x Higher	2.7 x Higher

The One Over None
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