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Welfare Loss on BGMM 2nd Tier Price
% Increase in BGMM 2nd tier price is lower than the % increase in odds!
May 16, 2002, 11:49 am - Gamma Ray - Lottery Discussion Forum

Odds....Reply
It appears to me that it is kinda hard to come up with an average...When the jackpot is under $10 million ..then I would say that the average is twice the increase over the previous week..or 2x $2million As the increase grows larger...the amount of sales is 2x whatever the increase is...When they raise the jackpot $10 million dollard over the previous drawing...then the sales is $20 million for that game...Just a thought..
Aug 22, 2001, 10:59 am - Guest - Lottery Discussion Forum

California Lottery wants changesNews Story
The California Lottery, for the first time since it was created nearly 20 years ago, wants to shrink the percentage of its budget dedicated to funding public education in order to boost prize payouts in scratch-off games -- a move officials say ultimately would increase sales and, in turn, money for schools.If the Legislature and Gov. Arnold Schwarzenegger approve, the portion of lottery sales spent on the state's cash-strapped school districts will drop from 34 percent to 26 percent. But suppor
May 19, 2004, 8:08 am - Todd - Lottery News

Buying More Tickets Does Not Increase Your Odds.Reply
@ Thrifty - No one is arguing that an individual ticket's odds increase when purchasing additional tickets. But it is a fact that overall your chances do increase period. I don't even understand what spurred you to create such a post. I will not resort to insults or questions about your intelligence as others have. I will however tell you that you are wrong wrong wrong. As long as there is a finite number of combinations, In this case 175million then buying more tickets absolutely increase y
Mar 2, 2012, 6:05 pm - Bigheadnick - Lottery Discussion Forum

Powerball lottery jackpot raised to $101 millionReply
The cap comes into play whenever the annuity jackpot reaches a previous PB jackpot record. It was enacted about a year and half ago, at which time the highest anuity jackpot that PB had offered was the $315 million that Jack Whittaker took as a cash prize. When PB reached $315 million again the cap came into play for the first time, resulting in a jackpot of $340 million. The recent $365 million jackpot was the second time the cap came into play, when the jackpot again reached the $340 million
Mar 21, 2006, 2:38 am - KY Floyd - Lottery News

Mega Millions and Powerball RaceReply
I don't think it's because of the third drawing in a week. People tend to buy lottery tickets on a per-week basis, not a per-drawing basis. I suspect that many people who were buying multiple tickets for the Wednesday and Saturday drawings stuck with the same weekly expenditure or maybe added one more ticket. A lot of other players were probably the ones that have to have their chance, even if it's only one ticket, so that's a lot of people that started spending 50% more. Whatever the
Jan 22, 2026, 2:31 am - KY Floyd - Lottery Discussion Forum

Powerball to increase to three drawings a weekReply
they should now increase the starting pot! When they say the rules won't change I expect that means that the starting jackpot won't go up or down, and the minimum increase also won't go up or down. With a minimum increase of only $2 million there's not a lot of room to reduce it, but if it hadn't already been reduced I suspect they'd do it now because with 3 drawings a week there's a good chance that the sales per drawing will go down. In a lot of ways this is comparable to raising the p
May 3, 2021, 11:02 pm - KY Floyd - Lottery News

Mega Millions lottery jackpot raised to $447 million on strong salesReply
Powerball went from 410 million to 470 million. I can't believe it went up 60 million. The worksheet at https://www.txlottery.org/export/sites/lottery/Games/Powerball/Estimated_Jackpot.html showed the actual jackpot at just over 427 million sometime on Wednesday afternoon so, as above, it's really an increase of 43 million. I'm surprised they didn't bother raising the advertised jackpot by mid-afternoon on Wednesday. Now we can wait and see if MM gets bumped up again tomorrow, and if PB
Jan 7, 2021, 10:28 pm - KY Floyd - Lottery News

How soon till the next $ Billion $ Jackpot?Reply
Previous draw dates have resulted in the jackpot being increased by between approximately 19.1% and 28.2% For an advertised jackpot of $136 million a 28.2% increase would be 38 million, to 174. When has it ever increased by 38 million from something in the 130 to 175 range? Sales increase only slightly from the starting jackpot until somewhere around 200 or so. That means that the increase as a dollar amount is in a fairly narrow range until the jackpot reaches about 200. The minimum inc
Feb 11, 2016, 1:00 am - KY Floyd - Lottery Discussion Forum

Was that the official concession speech from Mega Millions?
An increase from 344 to an even 400 million? I'm sure the MM officials are hoping to bump the final value before the drawing, but such a small increase considering the size of the advertised jackpot demonstrates a serious lack of confidence. Not that they've had a lot of chances to start from a similar amount in the past, but the times that they have the increase was far, far bigger. Almost exacty 3 years ago the jackpot went from 242 to 380 million (maybe that was the one that actually toppe
Dec 11, 2013, 1:38 pm - KY Floyd - Lottery Discussion Forum