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Streak of jackpot winners is bad luck for Powerball lottery sales

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When are they going to change the matrix already? Sheesh. We need a more decent person than Jack Whittaker to hold the honor of largest jackpot winner, and at this pace it doesn't look like that's going to happen soon.

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I have heard that in July 05 they will be making matrix changes.

What the changes will be to the matrix Im not sure.

 So stay tuned and maybe you will win the jackpot by then and you

 won't have to wonder what they will do with the matrix.

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The article seems to be saying that ticket sales are down 20%, but at the same time there have been more winners than usual.  If that's the case, then it really is luck, so it doesn't follow that they must increase the odds when the amount of winners are against the odds as it is.

RJOh's avatar - chipmunk
Quote:Originally posted by tg636 on March 16, 2005



If that's the case, then it really is luck, so it doesn't follow that they must increase the odds 






Lucky for who?  The States didn't create the lotteries for J.Q. Public to get lucky, when J.Q.P. is getting luckier than the States, it time to change odds.

RJOh

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Well, lucky for the winners obviously, but I also meant just random chance. If states are going to have a game that isn't rigged, streaks of both winning and not winning go with the territory.  I don't think JQP is luckier than the states - even if there was a winner every time, there would be millions of losers out there, but the states make money on even the lowest of jackpots.

Quote:Originally posted by RJOh on March 16, 2005






Quote:Originally posted by tg636 on March 16, 2005



If that's the case, then it really is luck, so it doesn't follow that they must increase the odds 






Lucky for who?  The States didn't create the lotteries for J.Q. Public to get lucky, when J.Q.P. is getting luckier than the States, it time to change odds.

RJOh




Todd's avatar - Cylon 200.jpg

tg636:  The states make much less money when the jackpots stay small.  Sure, they make money, but less than what big multi-state games are supposed to make.  In that case, as RJOh said, it's time to change things up.

If you're looking for a lotto game that has frequent winners, that's what your state's Pick 6 game is for.  The big multi-state games are there to have big rollovers and big jackpots.

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I understand that. I like thinking about the possibilities of having $300 million after taxes as much as anyone.  If the jackpot makes it way up there, very exciting. But at the same time, I think $10 - 40 million is a huge amount of money as well, so I am okay with seeing someone win that, especially beating 120 million to 1 odds to do it. As for the states making less than expected, unless you work for the lottery or state, it's hard to be sympathetic toward them. 

Quote:Originally posted by Todd on March 16, 2005







tg636:  The states make much less money when the jackpots stay small.  Sure, they make money, but less than what big multi-state games are supposed to make.  In that case, as RJOh said, it's time to change things up.

If you're looking for a lotto game that has frequent winners, that's what your state's Pick 6 game is for.  The big multi-state games are there to have big rollovers and big jackpots.




Rick G's avatar - avatar 1766.jpg

Easy solution for these cry babies.  Have a pick 3,4 game.  It's the most popular game in the country and you automatically get 50% on all sales daily.  The payoff to odds ratio is the best any state lottery has to offer so the player goes for it.  IL has had a daily pick 3 game since 1972 and hasn't had to change the payoff to odds ratio or "matrix" once (except for their bonus draws), so they must still be making money.  33 years of success.  The jackpot games are changing their matrices like underwear.  Why?

To base your State lottery program on a very fickle jackpot game is foolish.  And one more point, why would anyone risk more money on PB or MM just because the jackpot is high? Your odds are still the same minus the number of tickets you bought.

What are you going to do with all that money if you do win a half-billion $ jackpot?  Handling your money would become your full time job, 24/7.  You thought you were going to retire???  As we've seen in the news lately, winning a multi-million dollar jackpot is not necessarily a good thing.  90% of them are worse off then they were before.  The hassles wouldn't be worth the pay-off.

I'll stick with the pick-5 and anonymity and with odds two hundred  forty TIMESeasier to win.

RJOh's avatar - chipmunk

Quote:Originally posted by Rick G on March 16, 2005



What are you going to do with all that money if you do win a half-billion $ jackpot? 





With the rules that PowerBall have when the jackpot exceeds the previous record, I doubt it will ever have a half billion dollars jackpot.  At that point the second prize value increase. Multi-States lotteries aren't trying to attract those core players who will buy a lottery ticket to win $500-$4M, but those players who never think about any lottery until they hear $100M+ jackpot. If they aren't interested by the time the jackpot is $200M, a half billion isn't going to make much of a different.

RJOh

MillionsWanted's avatar - 24Qa6LT

People must be spoiled thinking that $ 10-40 million is not enough to be interested in buying tickets.

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At least South Dakota (where the article was about), six other states and DC have Hot Lotto.

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Admittedly I'm not fluent in Lotterese. I take it that a "matrix" change would entail the drop of a few more white balls into the chute and the subsequent increase of odds - say maybe 1 in 150 million. Well hey I'll take that! It's too boring to drive by a convenience store and see the familiar powerball signs reading 10 million . . boooring!

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I have the choice of playing many games right now....

(near the Wis-Illinois border)



Wis Megabucks..... $2.1 Million    1:7Mill odds

Powerball................ $18 Million    1:120 Million odds

Mega Millions.......... $36 Million    1:135 Mill odds...



And now



Illinois Lotto ........... $25 Million.... 1:10 million odds....



It makes Illinois Lotto 15x Better than Powerball and last week when Powerball was smaller Illinois Lotto was somthing like 27x plus better than powerball....



I did put a couple of bucks on the other games, but I dropped $20 bucks this week on Ill Lotto.....



The simple formula I use is that I take the cash amount and divide it by the odds...



The numbers for tonight...

It's not exact but gives a good guide.....



#1 Illinois lotto= 1.2525

#2 Wis Supercash= .2567      (pays nothing for 2 or 3 matches but everybody gets $250k)

#3 Illinois Little Lotto= .1737    (pays on 2 matches)

#4 Wis Megabucks= .1652    (sits at 1 mil for a month before increasing)

#5 Mega Millions=.1554

#6 Wis Badger 5= .0942 (was #2 last night) (pays on 2 matches)

#7 Powerball=   .0830



I created a spreadsheet that gives me all the data on these lottos...

Watching them on a daily basis becomes interesting...



MarkP

dvdiva's avatar - 8ball

Wow who would have though that low jackpots would equal low sales. You would think that people running these games sometimes slept through economics classes.

One would only hope that they change powerball. Perhaps follow my advice and make a game that comes close to or just over the 1:200 million mark. It's clear that the current game doesn't work if the purpose is to actually sell tickets and make participating states money.

Last31Page 2 of 3
DoctorEw220's avatar - alien helmet.jpg

well who would have thought that it would be hit again.



Todd: Can we do a petition to get the powerball jackpot and matrix raised?

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 Right now Powerball is the YUGO of Lotteries

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the goal of the people who run these games is to generate higher sales through more people playing for a higher jackpot. the goal of real lottery players is to win enough money to get out of the rat race. these

two goals have nothing to do with one another.



hitchaser...

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  Hello everyone,

  My name is Arthur and Im from De. Just sign to your little group. How about we all move to Pa it seems that  they are getting all the winning powerball numbers

dvdiva's avatar - 8ball

Wow it was hit yet again. 120 million to one seems really high odds for a 10 million jackpot game.

BabyJC's avatar - Lottery-031.jpg

I just moved to NH a few months ago and find it ironic that the jackpots have all been low/not exciting!  When I did not live here, they were always high and I had to travel far to buy tickets.  It's aggravating!

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 Wow it was hit yet again. 120 million to one seems really high odds for a 10 million jackpot game.

Guys looks like we'll have to wait until the last two quarters for a large jackpot. That always seems to be when they are largest.

Maverick's avatar - yinyang

tg636: &streaks of both winning and not winning go with the territory& the states make money on even the lowest of jackpots.


Todd: Sure, they make money, but less than what big multi-state games are supposed to make& for a lotto game that has frequent winners, that's what your state's Pick 6 game is for. The big multi-state games are there to have big rollovers and big jackpots.


I agree with tg636. On the other hand I also understand Todd's point, which is correct according to what a game like PB is supposed to be.


Personally, I still find it ironic that some people get disappointed when there are no "big" jackpots, as if it's so easy for them to win. But as long as they play what they can afford, everything should be okay.

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Quote:Originally posted by markp1950 on March 16, 2005

I have the choice of playing many games right now....

(near the Wis-Illinois border)



Wis Megabucks..... $2.1 Million    1:7Mill odds

Powerball................ $18 Million    1:120 Million odds

Mega Millions.......... $36 Million    1:135 Mill odds...



And now



Illinois Lotto ........... $25 Million.... 1:10 million odds....



It makes Illinois Lotto 15x Better than Powerball and last week when Powerball was smaller Illinois Lotto was somthing like 27x plus better than powerball....



I did put a couple of bucks on the other games, but I dropped $20 bucks this week on Ill Lotto.....



The simple formula I use is that I take the cash amount and divide it by the odds...



The numbers for tonight...

It's not exact but gives a good guide.....



#1 Illinois lotto= 1.2525

#2 Wis Supercash= .2567      (pays nothing for 2 or 3 matches but everybody gets $250k)

#3 Illinois Little Lotto= .1737    (pays on 2 matches)

#4 Wis Megabucks= .1652    (sits at 1 mil for a month before increasing)

#5 Mega Millions=.1554

#6 Wis Badger 5= .0942 (was #2 last night) (pays on 2 matches)

#7 Powerball=   .0830



I created a spreadsheet that gives me all the data on these lottos...

Watching them on a daily basis becomes interesting...



MarkP






Wow! That's my kind of system. We ought to post that like we post the jackpots. And if the game costs $2, just double the odds per dollar.
LOTTOMIKE's avatar - Lottery-063.jpg

i quit playing powerball two months ago....

LOTTOMIKE's avatar - Lottery-063.jpg

i agree with rick g the pick 5 is way easier and to me its more fun to play.......

fxdwg's avatar - animal bear.jpg
Quote:Originally posted by Maverick on March 17, 2005



Personally, I still find it ironic that some people get disappointed when there are no "big" jackpots, as if it's so easy for them to win. But as long as they play what they can afford, everything should be okay.





 I am with you on that Maverick I just don't see it. But it looks as if I am going to have to change my thinking a little. Someone stated over in the Mega Million thread on this same subject that they will continue to play because the odds are against them winning and they only play three dollars so it does not matter if it is 1 billion to 1 if it is to be you ----it will.

 This got me to thinking I too only play a few dollars per draw and only when it is below the 100 million mark once it goes over that I stop until that run is over. I don't care for the feeding frenzy that is involved once it gets over that mark. Plus I just would not care to be under a media microscope if one does hit it big. Money does strange things to people Jack Whitaker might have had all the same problems he has had but we would not have known them if not for the fact that he won a huge lotto. I don't need a big win my needs and wants are small and simple. This does not mean that I would not like to win but just enough to purchase a small but comfortable home in a warmer climate and to keep the wolf away from the door. So a simple 5 million cash payout would be more than fine.

 I do understand why the Multi lottery States want bigger JP's it generates money The bigger the JP the more players. Not us who might play on a regular basis but those who play only when it gets big. I have an friend who will only play when it goes over 100 mil but he goes nuts and puts down big money the larger the prize the more he puts in. Problem is once it is hit he goes into a big depression for a couple of weeks after moaning why wasn't it him after all he spent all this money.

 Will I ever win I doubt it I have been playing for 23 years now and other than a few mini wins nothing. Has it been fun you bet! the fun part is the dream we all have of getting that brass ring

Maverick's avatar - yinyang
Quote:Originally posted by LOTTOMIKE on March 17, 2005



i quit playing powerball two months ago....





I quit playing Mega Millions recently also. Is this a new Gail Howard technique? Perhaps the trend is your friend?
DoctorEw220's avatar - alien helmet.jpg

i'd give it a few months and powerball will be having $100 million+ jackpots again. this trend it going to stop sooner or later.

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What I'm interested to know is if the winners had QPs or picked their own numbers. Does the PB/MUSL Web site provide that information? I don't recall seeing it there.

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