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will you play the new $5 mega millions?

never

[ 67 ]

[ 49.3% ]

only when the cash value is at least $1 billion

[ 25 ]

[ 18.4% ]

only when the cash value is at least $500 million

[ 27 ]

[ 19.9% ]

i'm have to play every drawing no matter what

[ 17 ]

[ 12.5% ]

Total valid votes

[ 136 ]

Discarded votes

[ 12 ]

rcbbuckeye

100

Texas
United States
Member #55,887
October 23, 2007
22,267 Posts
Offline

Feb 27, 2025, 9:02 am

Quote: Originally posted by Justing618 on Feb 26, 2025
I'm wondering the percentage of the "cash penalty " bet it's higher now. And 5 bucks for 1 ticket with 1 and 290 million in odds. I dunno about that. Now I'm kinda regretting playing the same numbers over and over. I feel kinda trapped. 🤷

The cash payout isn't a "penalty". It's the amount the lottery would have to invest to pay the annuity for 20, 30, or whatever years the payout is for the jackpot. The cash payout is actually the true jackpot, they just like to promote the annuity jackpot because, well, it sounds better.

JUST LOOK AT THE ODDS OF ANY JACKPOT GAME, THAT WILL TELL YOU EVERYTHING YOU NEED TO KNOW
Justing618

Baltimore
United States
Member #221,592
March 26, 2022
999 Posts
Offline

Feb 27, 2025, 10:02 pm

Quote: Originally posted by rcbbuckeye on Feb 27, 2025
The cash payout isn't a "penalty". It's the amount the lottery would have to invest to pay the annuity for 20, 30, or whatever years the payout is for the jackpot. The cash payout is actually the true jackpot, they just like to promote the annuity jackpot because, well, it sounds better.

If you say so. What's the percentage there gonna take? And wile I'm thinking. Who keeps the money during the annunity. The state or the game?
MzDuffleBaglady

25

F-I-L-T-E-R-S
United States
Member #81,310
October 16, 2009
54,607 Posts
Online

Mar 8, 2025, 4:56 pm

No, of course not!

I could play 5 pick 3 sets,.

One day, I was at the Casino! I lost $60 so fast, lmaooooooooo.

I said, "do you know how many 50 cent pick 3 numbers I had a chance with"?

088, 389, 022, 789, 444, 555, 888.
DELotteryPlyr

Maryland
United States
Member #162,425
January 2, 2015
3,999 Posts
Offline

Mar 8, 2025, 5:19 pm

If sales are really poor wonder how long it will take for them to drop the $5 and go back to a lower cost ???

Money WON is twice as good as money earned
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
12,514 Posts
Offline

Mar 9, 2025, 10:25 pm

Quote: Originally posted by DELotteryPlyr on Mar 8, 2025
If sales are really poor wonder how long it will take for them to drop the $5 and go back to a lower cost ???

Not sure if any lottery has ever lowered a ticket price.

Todd?

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

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.
Justing618

Baltimore
United States
Member #221,592
March 26, 2022
999 Posts
Offline

Mar 10, 2025, 12:27 am

Quote: Originally posted by DELotteryPlyr on Mar 8, 2025
If sales are really poor wonder how long it will take for them to drop the $5 and go back to a lower cost ???

I am getting super curious to see how all this plays out. People seem super p.o.ed about it. I can't wait to see what the "cash option" percentage is.
Lotterologist

Michigan
United States
Member #36,255
March 30, 2006
3,906 Posts
Offline

Mar 10, 2025, 12:35 am

Five dollars for a MegaMillions ticket is an insult to my intelligence!

That's like a pusher tryin' to sell me heroin or crack cocaine.
Todd

50

Chief Bottle Washer

New Jersey
United States
Member #1
May 31, 2000
28,845 Posts
Online

Mar 10, 2025, 7:07 am

Quote: Originally posted by Coin Toss on Mar 9, 2025
Not sure if any lottery has ever lowered a ticket price.

Todd?

Never once that I'm aware of.

Check the State Lottery Report Card
What grade did your lottery earn?

Sign the Petition for True Lottery Drawings
Help eliminate computerized drawings!
UniverseNumbers

Good Luck! ~Uni

New York, NY
United States
Member #177,647
October 12, 2016
11,211 Posts
Online

Mar 10, 2025, 7:14 am

Pets: 017 1221 1117 1978 0132 021 132 711 618 419 918

___________________________________

Focus on what you want and not on what you don't want

Please be Careful and Stay Safe! Blessings to All

~ Uni
Stat$talker

700 light yrs West of Milky Way Galaxy's Center
United States
Member #200,634
September 1, 2019
5,502 Posts
Offline

Mar 10, 2025, 1:52 pm

Quote: Originally posted by UniverseNumbers on Mar 10, 2025

Naah, wheea have WE heard sucha promise b4?

Yepp, BIGer and BETer BS ...I hope Folk'z Memory iz az good az Mine..!! cauze you know. Bcuz of the EGGdemic..there will be a .50 cent surcharge on ea ticket..!!
KY Floyd

NY
United States
Member #23,834
October 16, 2005
5,127 Posts
Offline

Mar 13, 2025, 3:23 am

"Not sure if any lottery has ever lowered a ticket price. "

The closest thing I'm aware of is that, IIRC, NY briefly offered Lotto 3 times a week and then reverted back to the usual twice a week. I don't know if it was related to effectively raising the price by 50% to play for a week reducing sales, but I think it definitely qualifies as stepping back from a "new and improved" game.

"I can't wait to see what the "cash option" percentage is. "

If you knew how the jackpots work you'd know that there are, in fact, dumb questions, and that's one of them.
Justing618

Baltimore
United States
Member #221,592
March 26, 2022
999 Posts
Offline

Mar 13, 2025, 3:54 am

Quote: Originally posted by Stat$talker on Mar 10, 2025
Naah, wheea have WE heard sucha promise b4?

Yepp, BIGer and BETer BS ...I hope Folk'z Memory iz az good az Mine..!! cauze you know. Bcuz of the EGGdemic..there will be a .50 cent surcharge on ea ticket..!!

Not feeling it! At all..........Super curious to see how it plays out though. Are people gonna buy? Will salee suffer? I wonder if anyone will win the jackpot before it turns into a 5 dollar game! 🤷
play4shekels

Ohio
United States
Member #68,895
January 1, 2009
209 Posts
Online

Mar 13, 2025, 9:05 am

I'm sure there's a whole lot more to this price increase than they're telling us. I know that both MM and PB have been spoiled by 3+years of very high interest rates that have lined their pockets with record profits, as the cash value of jackpots has hit all-time lows.

Purely speculation on my part, but I'm guessing that one of two things happened- either, A) MM wanted to go to thrice-weekly drawings like PB, bit PB wouldn't give up Mondays, thereby forcing MM to draw on 2 days in a row, or B) MM is testing the pricing waters to see what the market will support, allowing PB to raise prices as well.

Lotteries are akin to Big Pharma in that they preach "responsible gaming" while they're constantly looking for more ways to get you to spend more and more...very similar to creating more treatments instead of looking for a cure.
rcbbuckeye

100

Texas
United States
Member #55,887
October 23, 2007
22,267 Posts
Offline

Mar 13, 2025, 10:45 am

Quote: Originally posted by KY Floyd on Mar 13, 2025
"Not sure if any lottery has ever lowered a ticket price. "

The closest thing I'm aware of is that, IIRC, NY briefly offered Lotto 3 times a week and then reverted back to the usual twice a week. I don't know if it was related to effectively raising the price by 50% to play for a week reducing sales, but I think it definitely qualifies as stepping back from a "new and improved" game.

"I can't wait to see what the "cash option" percentage is. "

If you knew how the jackpots work you'd know that there are, in fact, dumb questions, and that's one of them.

"I can't wait to see what the "cash option" percentage is. "

If you knew how the jackpots work you'd know that there are, in fact, dumb questions, and that's one of them.

JUST LOOK AT THE ODDS OF ANY JACKPOT GAME, THAT WILL TELL YOU EVERYTHING YOU NEED TO KNOW
Stat$talker

700 light yrs West of Milky Way Galaxy's Center
United States
Member #200,634
September 1, 2019
5,502 Posts
Offline

Mar 13, 2025, 12:28 pm

"I wonder if anyone will win the jackpot before it turns into a 5 dollar game! 🤷"

I doubt it.. LOz know they're gonna need ALL the incentive possible to entice playerz to the new pricing scheme.. "Letz see if they're still Suckerz or not"..

I'm gonna continue to sqeal on'em, for SuRe.. cauze the Math'z the same.. but I'm not paying such a Greedy price for a lopsided deal..

-Stat$talker

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