Search

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $28.3M; the annuity value is $57M. It is reasonable to assume that the lottery will have $14.2M in sales, comparable to the last jackpot at this level. (My last prediction in this regard was over a million bucks low.) If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows:090.74%18.82%20.43%30.01%
Jan 5, 2006, 11:09 pm - Prob988 - Jackpot Games Forum

one billion dollar jackpot!!Reply
They already had a billion dollar jackpot - it was called Pepsi billions. (even though you could only win 1 billion). It had the most inflated annuity ever. Cash value would have been less than 1/4 of the advertised prize. I would rather see lotteries move away from bogus jackpots and have tax free cash prizes rather than inflated sums no one will see or get.
Jan 5, 2006, 10:25 pm - dvdiva - Lottery Discussion Forum

Goodbye Lotto South, Hello Win for LifeReply
I don't think it precludes Virginia and Georgia reintroducing their 6-ball games. Most states seem to have both a Win For Life annuity game and an in-state jackpot game.
Jan 4, 2006, 4:15 pm - lchoro - Lottery Discussion Forum

Goodbye Lotto South, Hello Win for LifeReply
That means the top prize will always be a fixed annuity. With three states participating, the secondary prizes could be much larger than those in the current Lotto South format.
Jan 4, 2006, 3:42 pm - lchoro - Lottery Discussion Forum

What's wrong with Texas Lotto?Reply
One reason is this, Lotto Texas gets lower sales than the in-state games in CA and NY. Another reason is both CA SLP and NY Lotto uses a graduated annuity system like Powerball, which creates a bigger advertised jackpot. Lotto Texas on the other hand uses a traditional equal payment system, like Mega Millions.
Jan 2, 2006, 8:28 pm - JimmySand9 - Lottery Discussion Forum

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $23.2M; the annuity value is $47M. It is reasonable to assume that the lottery will have $14.3M in sales, comparable to the last jackpot at this level. If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows:090.68%18.87%20.43%30.01%
Jan 2, 2006, 9:53 am - Prob988 - Jackpot Games Forum

Hoosier Lottey-Here We Go Again!!Reply
Hi Mike,I think the point here is what many people perceive as the Hoosier Lottery's total lack of professionialism and their complete lack of responsiveness to player concerns. I complained to the Executive Director about the delay in posting the resilts of the Christmas Eve drawings. She of course offered me no explanation and here we are on New's Year's Eve and the same thing happens again. I know some people might not see this as such a big deal. I read Todd's remarks about the delayed C
Jan 1, 2006, 12:37 pm - Uncle Jim - Lottery Discussion Forum

$36m MO PB 60-day limit nearingReply
If they do not claim by Friday they will get the annuity. Or the state will get it if no one shows up in the next 10 or 11 months.
Dec 29, 2005, 5:27 pm - weshar75 - Jackpot Games Forum

Write to your State LotteryReply
Good idea, but in the States there are other issues, like having to pay taxes on lottery wins, some games still forcing winners to receive annuity payments in lieu of a lump sum, and, in the case of my in-state lotto jackpot game, a terrible (40%) prize return (3/6 wins ONE DOLLAR in our 59# game, v your 10-pound payout in the UK Lotto.
Dec 29, 2005, 3:41 pm - CASH Only - Lottery Discussion Forum

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $19.9M; the annuity value is $41M. It is reasonable to assume that the lottery will have $14.3M in sales, comparable to the last jackpot at this level. If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows:090.68%18.87%20.43%30.01%
Dec 29, 2005, 5:25 am - Prob988 - Jackpot Games Forum