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Home › Blogs › JADELottery's Blog › Payouts should refect the lottery odds.

Payouts should refect the lottery odds.

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In our opinion, the payouts should be the following:

Powerball

Match

Odds

Actual Prize

Suggested Prize

5 + 0

1 in 11,688,053.5200

$1,000,000

$1,200,000

4 + 1

1 in 913,129.1813

$50,000

$90,000

4 + 0

1 in 36,525.1673

$100

$3,500

3 + 1

1 in 14,494.1140

$100

$1,500

3 + 0

1 in 579.7646

$7

$55

2 + 1

1 in 701.3281

$7

$70

1 + 1

1 in 91.9775

$4

$9

0 + 1

1 in 38.3239

$4

$4

 

Mega Millions

Match

Odds

Actual Prize

Suggested Prize

5 + 0

1 in 12,607,306.2500

$1,000,000

$1,200,000

4 + 1

1 in 931,001.0769

$10,000

$90,000

4 + 0

1 in 38,791.7115

$500

$3,800

3 + 1

1 in 14,546.8918

$200

$1,500

3 + 0

1 in 606.1205

$10

$60

2 + 1

1 in 692.7091

$10

$70

1 + 1

1 in 89.3818

$4

$9

0 + 1

1 in 36.6319

$2

$4

 

The 4 + 0 and 3 + 1 payouts are really inadequate for the lottery odds we are betting against.

 

Complete set of lottery odds:

Powerball Odds

·

Powerball

1

0

White Balls

5

1 in 292,201,338.0000

1 in 11,688,053.5200

4

1 in 913,129.1813

1 in 36,525.1673

3

1 in 14,494.1140

1 in 579.7646

2

1 in 701.3281

1 in 28.0531

1

1 in 91.9775

1 in 3.6791

0

1 in 38.3239

1 in 1.5330

 

Mega Millions Odds

·

Mega Ball

1

0

White Balls

5

1 in 302,575,350.0000

1 in 12,103,014.0000

4

1 in 931,001.0769

1 in 37,240.0431

3

1 in 14,546.8918

1 in 581.8757

2

1 in 692.7091

1 in 27.7084

1

1 in 89.3818

1 in 3.5753

0

1 in 36.6319

1 in 1.4653
Entry #4,617

Comments

Avatar JADELottery -
#1
With payouts like these, you don't need multipliers.

In our opinion, the whole payout structure and multiplier scheme is gear toward patronizing the Jackpot Junkies.

Redistribute the prize allocation to the lower tier and spread the money around a bit.

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