Mega Millions Jackpot Statistics

Reply #16

dvdiva — Sun, 16 Nov 2003 02:23:50 GMT

i think that todd is right in that 6 months from now will really determine it. if the pots get smaller than i'm right and the game has to be changed. if the pots get bigger than todd's right and the game is fine as is. of course i think that the game should be fixed now so i can play for a pot larger than the 180 million odds

Reply #15

kbcherokee — Sat, 15 Nov 2003 22:11:39 GMT

Visiondude:I'm checking into that Armored Covered Wagon now, just in case it takes a little while for whom ever to get it to me... (wink)Chief

Reply #14

Jake649 — Sat, 15 Nov 2003 21:01:41 GMT

Quote: Originally posted by Bradly_60 on November 15, 2003 ........ By the way when do they join? ...... The first Mega Millions draw for which players can buy tickets in Texas is Dec 5, 2003.Jake

Reply #13

Bradly_60 — Sat, 15 Nov 2003 16:34:54 GMT

I will have to agree with the fact that jackpot rollovers will be better, maybe even equal to that of Powerball's. But when you are adding a state that has over 20,000,000 people that is going to be a lot more tickets bought per drawing. Not only that since Texas will be the only South Central state offering the game and it boarders 3 or 4 other states there will be a lot of boarder hoppers when the jackpot gets to a decent level. I say that the highest jackpot we will see will not be higher... [ More ]

Reply #12

Rebeckah — Sat, 15 Nov 2003 16:30:05 GMT

Qoute from the MM website:*In May of 2000, the game made worldwide headlines when it offered the largest jackpot - $363 million - in North American history.*http://www.megamillions.com/aboutus/game_history.asp

Reply #11

Jake649 — Sat, 15 Nov 2003 15:38:00 GMT

Quote: Originally posted by Todd on November 14, 2003 Quote: Originally posted by Jake649 on November 14, 2003 ...The current jackpot would have to grow to $400 million for the average to reach $80 million. The value that was predicted when Mega Millions was launched...I don't agree. They stated that it would get that high ($400 million) once every couple of years, not consistently. Todd,I think you misunderstood my statement.My opening statement was that the predicted jackpot average when the... [ More ]

Reply #10

fja — Sat, 15 Nov 2003 13:45:09 GMT

I agree with Todd , I think the Jackpots may not exceed the expectations of $400 million but, I believe that Mega will reach and break $100 a lot faster than it has been...besides I can't see where the megaball people havent done a study on this yet. I Bet that right now lottery sales done come close to covering 30% of the numbers possible.

Reply #9

visiondude — Sat, 15 Nov 2003 13:41:29 GMT

thanks chief, but it will only take three people to hoist the cardboard check. my CPA, my tax attorney and my estate attorney. i am not good at math but i know the check won't get any heavier just because they add one more zero on the check than has previously appeared. now if they switch to a personal jumbotron, i will call on you.BTW, is there a company out there that makes an armored covered wagon? myvisionisalreadyarmored

Reply #8

Todd — Sat, 15 Nov 2003 05:29:35 GMT

dvdiva,Again, I respectfully disagree. Only time will tell what happens after Texas joins, but my opinion is the jackpots will grow quicker and larger. We should definitely revisit this topic 6 months from now.

Reply #7

dvdiva — Sat, 15 Nov 2003 05:11:19 GMT

maybe they were off by a zero or forgot the decimal point in their adds what they really meant was a cash value from 8 to 50 million not 80-500.the biggest problem with mega is there are too many people live in the mega area and its going to get worse with texas. i predict the pots will get even lower because of this. remember that the big game excluded ohio, new york and washington state (though wa. is kind of small) and now adding texas is really bad. even though the odds are bad at 180 millio... [ More ]

Reply #6

Todd — Sat, 15 Nov 2003 01:23:10 GMT

Quote: Originally posted by Jake649 on November 14, 2003 ...The current jackpot would have to grow to $400 million for the average to reach $80 million. The value that was predicted when Mega Millions was launched...I don't agree. They stated that it would get that high ($400 million) once every couple of years, not consistently.

Reply #5

kbcherokee — Fri, 14 Nov 2003 21:59:02 GMT

Visiondude:If you need help holding that cardboard check, just give me a call... (wink)I may need a couple of covered wagon's to haul my . All $500 million of it...Chief

Reply #4

Jake649 — Fri, 14 Nov 2003 20:08:52 GMT

fia,You are correct on the average jackpot size (when won). I rechecked my calculations and the average should be $64 milion. Thanks for pointing it out.The number of jackpots won was 20 but the total number of winning tickets was 22. I used the later number to compare to the expected number of winners. Just like one can expect no winners on some draws, one also must expect there to be multiple winnners on other draws.The current jackpot would have to grow to $400 million for the average to reac... [ More ]

Reply #3

fja — Fri, 14 Nov 2003 16:49:49 GMT

I think your counting the last jackpot hit as 3 jackpots, I only have 20 jackpots being hit (last one counts as 1 jackpot hit). average pot size 63.8 million / average hit after 8 rollovers. Average number of tickets that cover all 5 of the white balls is 6 per draw. Which means that at most there is a 12% average of someone hitting the jackpot on every draw. I show only 5 jackpots that have gone over 100 million.But then who's counting.

Reply #2

Todd — Fri, 14 Nov 2003 15:41:30 GMT

On the positive side, maybe it means that Mega Millions players are luckier than Powerball players

Reply #1

visiondude — Fri, 14 Nov 2003 13:46:33 GMT

all i know is what i remember them saying in their advertizements as they were changing from the big game to mega-millions.they said ; with an average jackpot of $80 million and jackpots reaching $500 million . so far, neither has materialized.i am sure that my disappointment will fade once i pick up that cardboard check. myvisionsureisntmadeoutofemptypromisesandcardboard

Mega Millions Jackpot Statistics

Jake649 — Fri, 14 Nov 2003 13:35:20 GMT

When the Mega Millions Lottery was introduced, replacing The Big Game, there was an expectation that it would create much larger jackpots than was produced with the Big Game. So far, the larger jackpots have not materialized.I was curious if the number of jackpot wins was close to the expected value. I have made some calculations and will present them here in case others are also interested. Also, I wanted to see if the numbers will change significantly after Texas joined the Mega Millions group... [ More ]