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TX Lotto players - Lottery Commission's sneaky rule changeReply
Actually, the $250,000 figure is the minimum roll, not the maximum. No lottery in their right mind would cap rollovers at such a low amount. Ohio capped their jackpots way back when, and their sales never recovered, even after they lifted the cap. The last jackpot won was $4.5 million cash, but by my calculation there was only about $1.6 million in the jackpot pool. I can see why the lottery made the change, and why players are upset about it; the effective payout rate was a lot higher becaus
Apr 22, 2013, 10:05 pm - Lotto Geek - Lottery Discussion Forum

if "someone" found a way to beat the lottery wheel-would you label that cheating?Reply
According to https://www.lotterypost.com/news/218991 Richard Lustig won seven top lottery game prizes over seventeen years ranging from $90K to $900K which hardly compare with jackpot the Australian syndicate won by trying to buy all the possible combinations for one drawing. If he spent even a quarter of what they spent then he was lucky to break even. Jackpots today are such that with the rules limiting how much time one group or person can control a lottery terminal I doubt if that will ev
Apr 22, 2013, 7:50 pm - RJOh - Lottery Discussion Forum

TX Lotto players - Lottery Commission's sneaky rule changeReply
Well, we can hope they may change. I think they will see a drop in ticket sales as players realize that jackpots are not climbing as high as they once were. The game will just not be as compelling. My understanding is that previously 50% of ticket sales went into the prize pool. So it seems that they were overfunding the prize pool if ticket sales normally ranged from 1.2 to 1.9 million per draw (after deducting expenses). I'm not sure what the percentage is now, but it must be less that 50.
Apr 22, 2013, 7:29 pm - parkinds - Lottery Discussion Forum

TX Lotto players - Lottery Commission's sneaky rule changeReply
RCBBUCKEYE - Understood. Instant Retirement is a term that depends on a lot of factors. Debt, taxes, interest rates, age. For me, $5 million, cash value is the magic number. At that point, my wife and I can live a relatively modest life without having to work or worry about money for our foreseeable lifespan. And that lifestyle doesn't have a Ferrari parked in the driveway. When the jackpot hits that number, I buy one ticket for every one million increase; $5 million cash value = 5 tickets, $30
Apr 21, 2013, 9:07 pm - parkinds - Lottery Discussion Forum

Can math and logic improve chances of winning a jackpot?Reply
From GH web site : 106 First Prize Lottery Jackpots Worth $101,438,493 Won With Gail Howard's Lotto Systems Didn't Gail Howard already beat you to the punch??
Apr 19, 2013, 3:39 pm - LottoBoner - Mathematics Forum

Are you a creature of habit when purchasing your lottery tickets?Reply
It's very true that nothing draws players in like having sold a jackpot winner, but in Illinois anyway it seems tickets sold at grocery chain stores don't win jackpots too often. It's usually convenience stores and liquor stores. onlymoney, Look up Miracle Mile, Fond du Lac, Wisconsin right here on LP.
Apr 19, 2013, 1:23 pm - Coin Toss - Lottery Discussion Forum

Would you consider moving to a State that produces multiple MM/ PB winners if yours is a dry well?Reply
Another consideration is the number of players in that state that win life changing jackpots. If 5 million play and on average 5 win a jackpot each year, you're not exactly increasing your odds by moving there. I bought MM tickets in another state at a store across the street from the store that sold a $200 million plus jackpot winner for that drawing. Just being in the right state, in the right city, and buying tickets at a store on the right street doesn't help much. I know you're not a fan
Apr 9, 2013, 11:38 am - Stack47 - Lottery Discussion Forum

What are the chances we'll see a worldwide lottery someday?Reply
Very true, the temptation for some type of fraud would be enormous given the amount of money that would be involved. There would no doubt need to be a good deal of safeguards and regulation in place to oversee operations for a game like that. It certainly would be an exciting game in reality. With true worldwide participation the jackpots could start in the quarter billion range and go up from there. It would be like the recent Powerball frenzy for EVERY drawing.
Apr 5, 2013, 12:30 pm - msharkey2001 - Lottery Discussion Forum

Pari-Mutuel PowerballReply
In CA pari-mutuel jackpots games, there is a fixed percentage for those top prize tiers, and if nothing is won, the amount rolls over to the next draw. For Mega Millions, its about 5.5% of revenue for the 5/5 prize tier. So with an average of $3,000,000 revenue for MM, that's about $165,000. We don't know what the revenue will be for Powerball, or the 5/5 prize tier share. But if we assume it will have the same number of picks/plays of 3,000,000 for PB, then you have $6,000,000 revenue. Co
Apr 3, 2013, 4:13 pm - Jon D - Lottery Discussion Forum

Do you see yourself winning either the MM/ PB jackpot within the next 5-10 years?
Or at least 2nd prize- if not the Mother of All Jackpots, in your estimation? - why not? People who say it cannot be done should not interrupt those who are doing it. . George Bernard Shaw.
Apr 3, 2013, 2:15 pm - noise-gate - Lottery Discussion Forum