Search

Probability of a Rollover in Powerball.Reply
The model I've proposed above for the probability of exceeding Jack's jackpot is obviously unsatifying since it pretends that 6 linearly increasing jackpots would occur, whereas it is more likely that some kind of lotto fever will click in and result in non-linearity.Of course the difficulty is that we are in new territory with the new Powerball odds, so we cannot really look at the past to model prospective futures.However I did think of a model that is slightly more satisfying. The most recen
Oct 6, 2005, 10:30 pm - Prob988 - Jackpot Games Forum

Another New York ConceptReply
Not much of a travel actually. I work about four blocks from the NY/NJ border. Lotto sales are every where I turn. Have to pass several to go to lunch. Many times I buy one QP for multiple draws.Cheapo? NY Lotto is sitting at $9M annuity this very second. What should I spend on a lotto? $1.00? $2.00? $5.00? $10.00? $20.00? I would imagine it depends on the number of tickets it takes to win the lotto. Humm, yeah, only one ticket required. Buying more than one would make the rest an investment to
Oct 3, 2005, 2:18 pm - Chewie - Lottery Discussion Forum

Another New York Concept
Better Odds Than Ever!Pick 5 out of 35Still just $1. Avg. Prize Avg. Rolldown Prize Odds Match 5 $30,000 N/A 1 : 324,632 Match 4 $300 $500 1 : 2,164 Match 3 $17 $17 1 : 74 Match 2 Free Ticket Free Ticket 1 : 8 Overall Odds : 1 in 7Super Prizes. Super Value. Super Game.Pick 5 of 59Now get 3 plays for $1!Minimum Jackpot : $2,000,000 Annuity Avg. Prize Odds per $1 Match 6 JACKPOT 1 : 15,019,158 Match 5+B $124,000 1 : 2,503,193 Match 5 $1,800 1 : 48,138 Match 4 $28 1 : 755 Match 3 $2 1 : 34 Over
Sep 28, 2005, 10:34 pm - JimmySand9 - Lottery Discussion Forum

PA Lottery to start Powerball ticket promotionReply
Greg,I don't agree. There are millions of people out there who buy Powerball tickets with Power Play regularly. For those people, getting an extra ticket (with Power Play no less) is great.The Pennsylvania Lottery is giving people a bonus worth 20% of the purchase price. I think that's a great deal.Just because you don't personally like Power Play is no reason to condemn people who do like it. I've played it quite a few times myself, and when you hit with a ticket that has Power Play, it's q
Sep 27, 2005, 9:42 am - Todd - Lottery News

A More Mega
Now, it's just been revamped with the addition of CA. But when the moratorium on new states is lifted, it might have to change again for potential MM members NC, FL (though for FL I reccommend Powerball), and who knows who else. Well, this would be my plan if I was in charge. Just a bit more put towards smaller prizes, but 28.37% of sales will still be found in the jackpot. And 1:12.748 overall odds and a CA-style mini-jackpot will get sales going all through the jackpot cycle.Pick 5 white ball
Sep 16, 2005, 12:07 am - JimmySand9 - Lottery Discussion Forum

$200 Million lottery jackpot has Mega Millions players' attentionReply
Hi iwonabigone. Welcome to LP. Here's hoping you get the opportunity to wallow in some bucks until you tire of it.I was just looking over the annuities vs lump on the USA Mega site. Although I think it's a bad thing for them to advertise the annuity as the jackpot amount, I think when things get to this level a person who believes he stands a middling chance of living another 20-30 years couldn't really go wrong by accepting that means of payment. Works out 5.5 M per year plus change after ta
Sep 11, 2005, 8:59 am - Rip Snorter - Lottery News

N.C. Lottery Bill Passed by SenateReply
I've posted this once, but I'll post it again (with some revisions). This is what NC should do.It's About Bloody TimeTMJust a standard pick-3 game. Drawings everyday.Just a standard pick-4 game. Drawings everyday. Pick 5 out of 39, just $1 to play. Drawings every weekday. Prize OddsMatch 5 $100,000 1 : 575,757 Match 4 $250 1 : 3,386.8 Match 3 $15 1 : 102.6 Match 2 $1 1 : 9.6 Overall Odds : 1 in 8.7$100,000 will be paid out to each 5 out of 5 winner unless there are more than 5 winners. In that
Aug 31, 2005, 5:52 pm - JimmySand9 - Lottery News

Powerball lottery changes go into effect SundayNews Story
Changes to Powerball, the country's largest lotto game, take effect Sunday (August 28), with two new numbers added to the mix.Lottery players will be able to buy the new Powerball tickets beginning Sunday morning, and the first drawing held from among 55 white balls and 42 red balls will be Wednesday night (August 31).The 29 lotteries that operate Powerball announced the changes April 6 to meet players' demands for larger and faster-growing jackpots.The minimum jackpot will increase to $15 milli
Aug 26, 2005, 9:17 pm - Todd - Lottery News

Financial analyst looks at lottery jackpot cash/annuity optionsReply
You might well be right. The Powerball winner might actually make the choice to spend some of the money that belongs to him, reducing the remainder of the sum that belongs to him.You're certainly correct in asserting that he doesn't have the option if he assigns the responsibility for his fiscal decisions to the benevolent hands of Powerball officials for the duration. The British aristocracy used to do that with their erstwhile sons..... give them an annual allowance to protect them from thei
Aug 24, 2005, 8:28 am - Rip Snorter - Lottery News

Texas Lottery considering guaranteed jackpotsNews Story
Texas Lottery officials are considering guaranteed jackpots to help avoid inflated estimates like the one in June that prompted a consumer complaint to the state attorney general and cost the agency director his job.New jackpot prize guidelines proposed Monday include a guarantee the winner collect either the advertised amount or the amount calculated by sales, whichever is greater. The guarantees would apply to jackpots paid with the 25-year annuity, not to winners who choose the immediate cash
Aug 16, 2005, 6:53 am - Todd - Lottery News