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If there was no cap.....

Bradly_60's avatar - disney37
Bradly_60

If there was no cap the cash option would have been 164.4 million plus 32 million that was given to the bonus for matching five numbers.  That means the cash option would have been 196.4 million.  Translate that to an annuity figure for Powerball and they jackpot would have been greater than $400,000,000.  That would have been some type or record.  The first $400 million jackpot.  But to bad they decided to go it a different way.

Brad

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JAG331

It will take, at minimum, three more record jackpots for PB to pass the $400m mark.  Mega Millions has all the time in the world to rocket over the $400m line.

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Just6ntlc

I'm a little disappointed that PB had to do such a cap of 25 million above the highest PB jackpot. I wished that PB had a cap of 25 million above the highest jackpot in North American history. I hope that PB or MM surpasses 363+ million in the future.

BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
BaristaExpress

I Agree!Yeah and when MM does that (which it will long before PB) I'll have my tickets already in hand waiting for the next drawing! Cheers

dvdiva's avatar - 8ball
dvdiva

What I don't get is why more don't complain about the cap. If you want an extra prize for 2nd place then get the Powerplay. That's what it's there for. If anything it would be a reason NOT to get Powerplay since you are already getting it for free in a sense.

Bradly_60's avatar - disney37
Bradly_60

I agree.  If they are going to cap the jackpot then it should be a type of winfall game where the extra money roles down to all winners.  Either double or increase the value of all lower tier prizes instead of giving it to just the match 5.  I mean I bet the match 5 people aren't complaining right now but it just seems that would make better sense.  (Did you notice only 2 people purchased powerplay of the 49 that won the prize.  They knew it was going to increase already so they didn't even both. haha)

 

Brad

dvdiva's avatar - 8ball
dvdiva

I would agree. I wonder how much more money states would have made had the cap rule not been implimented and states simply advertised the powerplay option. Just say double your winnings and many would have gone for it not looking at the exclaimation point about it not covering the jackpot. Instead they got powerplay for free.

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ryanm

  I disagree with the cap being a bad idea, but I do think it shouldn't kick in until they're $25 million over the record US jackpot, not simply the record Powerball jackpot.  The cap rule is respectful -- Powerball knows when to say "enough is enough."

weshar75's avatar - Lottery-042.jpg
weshar75

I think that 49 people are thanking powerball right now for making the cap so they could get that extra cash on top of the $200 thousand they won.

bellyache's avatar - 64x64a9wg
bellyache

I don't think caps are a big deal. I mean is 340 million before taxes really not enough?!? I would love to win that much whether a cap is in place or not. In fact, I wouldn't mind winning Powerball when it's at its lowest. ($15 million) =)

Bradly_60's avatar - disney37
Bradly_60

I understand but it doesn't make the game as fun as it could be.  I mean all the better for Mega Million.  They get to keep their record and by the way things are going they are going to be able to beat it themselves before PowerBall is able to.

Brad

BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
BaristaExpress

I Agree!

Stars's avatar - basket
Stars

I don't mind the cap that much, the bonus pool was good. 

But I would have liked a graduated cap. 25 million the first time it hits the record, if not won, then the next roll goes up 50 million, then $75 million, ect.  Very unlikely it would not be hit after the second roll.

 

Stars

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Rip Snorter

I don't think caps are a big deal. I mean is 340 million before taxes really not enough?!? I would love to win that much whether a cap is in place or not. In fact, I wouldn't mind winning Powerball when it's at its lowest. ($15 million) =)

Well spoken.

Jack

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Rip Snorter

I understand but it doesn't make the game as fun as it could be.  I mean all the better for Mega Million.  They get to keep their record and by the way things are going they are going to be able to beat it themselves before PowerBall is able to.

Brad

I'd bet there aren't many players who pay attention to whether it's a record jackpot, or isn't.

I'd also bet a, say, $50M winner isn't doing a lot of moaning because it wasn't a record jackpot.  And finally, I'd bet if it went several draws past the last jackpot and endured the cap, whomever wins it won't ever miss whatever was lost because of the cap.... probably won't even think about it.

"Record" is a media hype word.  And "Cap" is a word that has no meaning when the dollar amount reach, say, 170M cash.

Jack

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