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Texas trust claims second half $1.8 billion Powerball lottery jackpotReply
Did the winner have to form a trust to claim the prize? There's no reason that a winner would be required to form a trust or an LLC to claim a prize but there are plenty of good reasons to do it. Among other things, both are separate legal entities (you remember corporations are people, my friend ?) so the actual winner has access to the deep pockets but doesn't actually have deep pockets that are potentially accessible to anyone who files a lawsuit. It also lets you avoid probate. the
Oct 18, 2025, 1:30 am - KY Floyd - Lottery News

Montana Lottery aims to prohibit bulk purchases after group takes gamble on $1.6 million jackpotReply
I live in Montana and I feel that everyone playing should have an equal chance of winning. With bulk buying, when the buying of all number combinations guarantees a win and a profit after tax, I can't imagine that anyone thinks that is fair. It may be a smart move on the part of mega rich organizations to do this, but for the average person it is not a level playing field. I started thinking about this a long time ago as something that would happen but it took retailers to have multiple
Sep 20, 2025, 11:37 am - JohnGalt3 - Lottery News

Powerball reaches $643 million: highest lottery jackpot of 2025Reply
Maybe another billion is coming! There roughly a 1 in 3 chance it will roll past $1 billion (to perhaps $1.1 billion). Oopsie. I realized a while after posting that 1 in 3 seemed way too low with the advertised jackpot already at $815 million. I had updated some older info and accidentally included probabilities for two drawings that already rolled. The PB worksheet on the Texas lottery website is estimating coverage of combinations for the next five drawings as (starting with tomo
Aug 26, 2025, 4:24 pm - KY Floyd - Lottery News

$1.5 BILLION: Massive Powerball jackpot fuels rush for ticketsReply
The Poisson distribution giving the probability of various numbers of winners, based on the anticipated sales figures estimated at the Texas Lottery website, $311,928,188, is as follows: k, number of winners p(m,k) 0 57.40% 1 31.86% 2 8.84% 3 1.64% 4 0.23% 5 0.03% 6 0.00% If sales exceed the estimate, the probability of a rollover, 0 winners, will go down, and the probability of each number winners will go up. The probabilities of six or more winn
Dec 19, 2025, 12:51 am - Prob988 - Lottery News

$1.25 BILLION: Epic Powerball winless streak marches onReply
The Poisson distribution for the probability for various numbers of winners, based on the estimated sales posted on the Texas Lottery website, $166,593,667, is as follows: k, number of winners p(m,k) 0 74.34% 1 22.04% 2 3.27% 3 0.32% 4 0.02% 5 0.00% Sales of course, may ultimately be higher, in which case, the probability of a single winner or multiple winners at each level will go up and the probability of no winner, 0, will go down.
Dec 17, 2025, 5:49 pm - Prob988 - Lottery News

Idaho Lottery alerts retailers to possible bulk buying attempt over $877,800 Idaho Cash jackpotReply
You are correct that no one did anything wrong in buying the tickets because they broke no existing law. However the point is that everyone should get an equal chance and the game should be such that the number of tickets sold per draw has a reasonable chance of winning. That can be deduced by looking at the historical number of tickets per draw. The Texas Lotto, Lotto America, Montana Cash and Idaho Cash fail in that respect. As an example, recently it took Lotto America (2) entire year
Oct 21, 2025, 7:46 am - JohnGalt3 - Lottery News

$1.7 BILLION: Powerball jackpot juggernaut keeps rollingReply
At the risk of generating a post generating obsessive, unreadable, tiresome and useless nonsense about memos and such, I would like to suggest that the Poisson distribution for probability of numbers of winners, based on the estimated number of sales for this drawing as posted on the Texas Lottery website, $467,466,068 (corresponding to 233,733,034 tickets) suggests the following number of winners: k, number of winners p(m,k) 0 43.52% 1 36.21% 2 15.06% 3 4.18% 4 0.87
Sep 5, 2025, 10:13 am - Prob988 - Lottery News

$1.3 BILLION: Powerball jackpot soars to 5th-largest in game historyReply
I simply load the last cash value, and subtract the previous cash value (generally off the Texas Lottery site) and use the cash/sales ratio to estimate sales . And in this case you got garbage out because you put garbage in as a result of data that wasn't updated. In this case it looks like you used the $498.4 million cash value for the originally announced $1.1 billion jackpot. The actual cash value at drawing time was about $46 million higher, so they needed almost 70 million fewer ticket
Sep 4, 2025, 3:37 am - KY Floyd - Lottery News

Arizona Lottery bans Fast Play bulk ticket purchasesNews Story
Lottery will not pay out prizes to players engaging in excessive purchasing By Kate Northrop The Arizona Lottery approved a rule amendment banning bulk Fast Play ticket purchases in an effort to curb excessive purchasing in a given timeframe. In June, the Arizona Lottery Commission announced that it implemented new rules to limit the value of Fast Play tickets either an individual or group can buy within a certain period of time. The rule, titled Prohibition of Bulk Ticket Purch
Jul 7, 2025, 8:27 am - Todd - Lottery News

Powerball drawing produces huge number of big winners, including two who split the jackpotReply
Here's proof that the drawing is random This drawing is probably proof that plenty of people play patterns, and certain proof that certain numbers coming up results in a number of winners that's only random in that whatever factor caused them to choose their numbers happened to match one of the combinations in the small subset of combinations that match the possible patterns. No 2nd prize winners from Texas? What's up with this? CA, NY, and TX all have slips that don't let you choo
May 2, 2026, 5:25 am - KY Floyd - Lottery News