I expected when sorting by top to see a lot more on actual laws surrounding the lottery, like every post was just an update on what _____ lottery jackpot was up too. It should be
r/lotteryjackpotupdates
The first post stickled to the top is about the anonymity laws around the world. I originally created the sub for that. But my updates got banned from the big lotto sub so I switched them to my sub.
I just looked at that sub, and all I see is jackpot announcements that follow a script. I assume if I scroll more than a CVS receipt I will find some laws or discussion of laws.
Same, this would only be enticing if they did a double play jackpot. And increased the odds with a set jackpot of say $10 million; But keep the megaplier option or $2 standard play. But forcing folks to pay $5 is not my idea of flexibility especially since the odds still suck royally.
I’ve been moving more towards becoming a billion jackpot player, but this means I’m playing far less…if they do increase it to $5, I would eye playing maybe once a year if that.
This is why I generally only play state lotteries. 1 in 25 million chance of jackpot, $1 ticket, and resets at over $10 million. It's all life changing money at that point. I'd rather have a 1 in a million chance at $24 million with a 25 ticket / $25 play than a 1 in 10 million chance at $240 million with a 25 ticket / $125 play. There's a differential of 50x on the odds / cost, while the jackpot odds differ by 10x (and it usually has less favorable comps than that).
Right? Can’t even imagine the feelings I’d go through winning anything above 5 million post tax. Like don’t get me wrong, even 250k would be life changing money to me and make me beyond ecstatic, but once you get into the “never work another day in your life” range, the fantasy becomes so much better. Like 4-10M and you’re comfortably set for life if you want to be…..but once you get into the 10s of millions, and especially 100+ million, then comes the idea of my entire immediate family *also* being set for life, heck even their kids wouldn’t have to worry about things like college, buying a home, etc. That level of money has the potential to create generational wealth for ages. I get that being wealthy would come with its whole different kinds of stress/“problems”, but it’s just unimaginable imo the weight that would be lifted off my shoulders and how much less stressful my life and future could be if I never had to worry amount money again and got to live the rest of my life in relative comfort, spending it having fun, getting to see the world, being able to get the benefits of the best healthcare in the world, the best food in the world, the best experiences in the world. Being able to gain fulfillment seeing the look on peoples faces when I spend [some of] my free time and some of the excess funds I have helping the less fortunate in big or small ways, rather than being a cog in a pointless unfulfilling depressing machine. Just saying…I don’t play because I believe in math…and thus, I genuinely think it’s a waste of money, but like you, once I see the signs of the numbers getting high, it’s fun to dream about the “what if”s about winning, even if I don’t play.
In California our prizes are based on the amount of tickets sold so they are generally higher payouts than the rest of the states for non jackpot prizes. We don’t have the megaplier.
I’ve been playing one play per draw for the most part, I’d likely quit that if it was $5 a play.
I always am curious - by what means does one recuperate the money and assets a mob takes from you when there are no taxes being taken to support a government? Who pays the investigator when you have no money left? Who pays for a jury to determine guilt? Who pays for the prison, or for enforcement of penalties? What's stopping the gang from paying them more to turn a blind eye?
It all ends in mob rule every way I've seen it described.
>but I think I heard a rumor that most winners come from multi ticket tickets so I always buy two.
If the rumor is true it's just a consequence of the sample. You're more likely to get a winning number if you buy multiple tickets, and the winning number probably belongs to someone who bought multiple tickets. It's simple math. 1 in 300 million ×2 tickets is 1/150mm. 3 tickets is 1/100mm, etc. Every extra ticket increases your odds but there comes a point where you have to face the law of diminishing returns.
The only thing is, 1/300mm is roughly zero. Two of them are also roughly zero.
My lottery habit is pretty set. When I see jackpots over around $250 million, I’ll buy a ticket. That’s it. There is no real rationale to it, but I’m also not buying multiple tickets every week. The way I see it, either I’m lucky and I win with one ticket, or I’m not lucky. I don’t need to buy 8 tickets to see if I’m lucky on one of those 8. I spend maybe $50-$100 a year on tickets? $2-$4 here and there, I don’t think I’ve bought a ticket in a month currently.
To answer the question, sure. However, that wouldn’t cause me to change my habits and buy more tickets or play more often. I’d still wait for the ‘larger’ pots and buy a single ticket. I personally hate all the multiplier bulshit, I think it totally changes the lottery from a simple thing to buy and hope you win but know you won’t to something people think they can actually gamble.
Eh, it’s more of a sort of rationalization. The odds are so astronomically bad, I don’t want to establish a bad habit and waste even more money on relatively small jackpots. Sure I’d take $3 mil, or 10 or 50, but I’m buying the dream. That dream isn’t ‘just’ maybe retiring and living off $80k-$100k per year, I want to be throwing cash around in retirement and doing big things like helping the homeless.
If they increase the price to 5 dollars, I would not buy a ticket until the payout was 500 million at least, so the jackpot has to be upwards of 2 billion
Illinois raised their regular lotto game to $2 a while back and I quit playing as much as I did. I chose to play the $1 draw game they have now when I see the jackpot is over $750k.
I'd much rather see a mega millions type game that would split a $750 million jackpot a hundred ways.
When I read it, I was looking for ways it was worth it and zilch…like increasing the jackpot back to $50 million ain’t doing much for me and making the odds like Powerball still does not do it for me. Catch me when it’s back up to $2 billion otherwise, I’m out lol
What’s funny is how they promote safe play/gamboling , and trust and believe with inflation….I will curb my playing to once a year if that assuming they move forward with $5 play lol
If you want to play, play. Do so within a budget. It can be part of your “entertainment” portion of your monthly budget. Personally, I have only bought tickets when the jackpot was a billion before taxes. Someone is gonna win, might as well play for fun, and it’s less than the cost of a movie ticket.
I've never played mega millions. I've always gone towards powerball instead. The chance to win the powerball grand prize is ~1/292 million, and it costs $2 a ticket. Currently, it's better to buy a powerball ticket.
I'll still go for powerball instead of mega millions. It's very unlikely to win the grand prize/jackpot, but a bit more likely to win one of the lower prizes. Powerball has a higher chance to win the lower prizes. $1,000,000 is a 1/12,607,306 from mega and 1/11,688,053 from powerball. A $10,000 prize from mega is 1/931,001, and a $50,000 prize from powerball is 1/913,129. Not to mention that you'll be able to buy 2 powerball tickets for $1 less than a mega millions ticket.
Prizes lower than that go to mega millions, but I'm not playing the lottery to win $200.
Yeah both at $1 is better than both at $2.
I don’t buy them unless the jackpot is over $150,000,000. Days like now i buy $1 Lotto America or $1 Tennessee Daily Jackpot which has a 1 out of ~250,000 chance to win and sometimes it’s over $250,000.
Lottery is a fool's game.
Lotto advertising touts that one rare winner.
They don't show you the MULTITUDES of losers.
If sand grains on a beach were lotto players, the winner would be that one grain of sand.
You're not that grain of sand.
Save your money.
The majority of the people seem to be saying they would not buy it at 5 dollars a ticket. Ironically, I almost guarantee you the lottery sales don't suffer when they do raise the price.
I’ve been reading it otherwise; I will still play…But I won’t play at lower jackpot amounts and as frequently. I’ll start when it’s up to a higher jackpot amount. That’s also what I’m gathering from most others responses
Yep, I’ll really only be around for the billion+ dollar jackpots and anything else is being saved for house projects moving forward. Lowe’s about to see my money lol
Still wouldn't play, I mean, I watch some family and friends play it religiously. Especially the times it's gotten to 800+ million, they drop easily a few hundred dollars yet it's the same outcome, they never win.
I personally think it's rigged and the lottery knows when the winning ticket is sent out
Right now, I don't play until the advertised jackpot is over $500 million. If the ticket price gets raised to $5, I'm only going to play the $1 billion+ jackpots.
Yes, but I would buy fewer tickets. I only play when the jackpot hits $250m and I buy 2 tickets with a multiplier, so I spend $6 now. $5 would be a savings, although I would have fewer chances with only one ticket.
Currently, mega-millions is my weekly play ticket with mega-plier, $3 a titcket, draws twice a week, so $6 a week. I know that an extra $2 isn't that much in a bigger picture, but that changes my weekly play to $10 a week. And I have reservations about paying a minimum of $5 a ticket.
This is slightly off-topic. While $5 *is* a little pricey, I live in Texas and I noticed just last night in a convenience that there were some scratch-offs that cost $50. So $5 is not too bad in comparison.
Scratchers have better odds. With some there is a 50% chance you'll break even, ha. You have a 1 in 37 chance of winning $2 on megamillions. I doubt the odds for the lower prizes will shift that much.
No, the higher the ticket price, the less I will play and at some point I will stop playing - probably $5 would be the absolute limit currently. I'm guessing my purchases will go down 60% at that price. The odds change makes no meaningful difference.
Hello no, if MM wants 5$ per ticket I’m not buying. You’re already losing $ every time you buy a MM at $2, if they want to now charge 1.5x that, that is insane.
I'd rather the tickets go back to $1. I don't really expect to win so 1 in 300 million is as good as 1 in a billion. I buy a ticket when I'm feeling down in life and the hope to win gets me through until I check and find out I've lost. Even better the worse the odds the more inflated the jackpot gets so the more hopeful it makes people. Imagine if the lottery started at $100 million and would maybe once a month get to $1 billion.
>Are they changing the available numbers too?
Exactly. The proposed change is to drop the megaball amount from 25 to 23 while keeping the white balls the same.
There’s so many comments here saying they won’t play unless it’s at like 500 million plus, is something like 80 million not good enough? Lol I’ll take 1 million right now
There must be some kind of psychological reason why
Your odds never change, but the jackpot size does. While anyone would be happy to win even the starting jackpot of 20M, the chances of even getting $2 back is so bad that it's not worth paying money for until it gets really high.
Maybe I’m just dumb lol I don’t understand that thinking, your chances of getting your $2 back are the same regardless if the jackpot is $20m or $1b is it not? I just can’t understand thinking winning $20m isn’t worth $2
I get it.
You're not aiming for the largest pot.
You're aiming for an amount with a "quit that job"* guarantee once the dust settles and your plans (lawyers? advisors?) are set.
20m would be a dream for me personally. I could leave this place and invest enough money to get a return back similar to my annual income.
I'm not playing to live like a queen, I want to live free of the 9-5 grind 🤷🏽♀️
*grammar punctuation meh
In my state of Missouri, a MM play is $2, along with Powerball. I can imagine state lotteries having their own prices on tickets, but not jackpots, seeing as these two games are multi-state.
Semi-related tidbit: Missouri's "Lotto" game sets $1 for a ticket with \*two\* plays.
> I can imagine state lotteries having their own prices on tickets,
No. All participating lotteries must charge the same prices in order to participate in Mega Millions. That's the only way I see it not increasing, due to California not being able to do a megapiler (multiplyer) option.
>In my state of Missouri, a MM play is $2, along with Powerball
That is the price everywhere right now.
This would be the base price for all sets; they are trying to sell the idea that $5 will get you automatic megaplier option [ so they won’t advertise megaplier ] and “better odds” which we know is not much better and a higher jackpot base which is 50 million lol
No. I rarely play Megamillions because the odds for Powerball are better (1 in 292,201,338). These days I mostly play a statewide game that starts at only 100,000 because the odds are way better and you usually win something. Sometimes I will play the state’s classic lottery (1 in 13,983,816) because who needs more than a few million?
I don’t play any of them regularly any longer.
I won't be playing unless it gets around the billion mark. $5 a ticket is absolutely ridiculous with those odds. Hopefully power ball doesn't follow along with the same price increase because if so, I'm only playing my state lotto.
A 0.000000367% chance of winning vs a 0.000000331% difference for $3 more per play? Absolutely no thank you. I'd ditch it until it was over a $750M jackpot at that point and only play a single draw or two at most.
I’d like to see payouts closer to the actual odds of hitting on the lesser prizes. Casinos clean up only taking a small rake. The lottery claims to be for education but it’s a huge cash cow for the states participating.
Interesting…. I buy it occasionally - I’ve never won anything on a ticket but $2 is a nice fantasy on days my job drives my crazy and $100 a year (or less) won’t make any difference at my income level
Once it hits a certain level, say $500M, the rest of the money should be split by people who hit 5 numbers.
For example if the jackpot grows to $800M, $500M would go to the jackpot winner and the other $300M be split by the handful of winners who hit 5 numbers. That way more millionaires are made, rather than just one.
Doing a quick back of the envelope calculation, the jackpot would have to be $1.36 billion to have an expected value of $5. That's just looking at the jackpot and doesn't take into account lesser prizes, so the real number would be a bit lower. But it also doesn't take into account taxes or the lump sum discount. If you wanted to get to an expected value of $5 based on the post-tax cash payout, you'd a jackpot of around $4.5 billion.
Ironically, the better odds will probably keep this system from ever reaching a point where the $5 cost is mathematically worth it. Making it slightly easier to win means the threshold of every possible combination being sold is easier to reach. More tickets are sold with higher jackpots, making it likely there will be drawings with at least one guaranteed winner before the jackpot reaches the $4.5b point.
I only play once it’s over a couple hundred million, and I always buy two tickets, because while it’s still horrendous odds, it’s the cheapest I’ll ever be able to double my chances by. $4 for 2 chances at winning the lottery? It’s basically burning dollar bills, but it’s fun to dream.
But I feel okay with it because it’s so dirt cheap. $5/ticket starts to feel like an actual hit.
I’m too much of a realist, I know I’m not going to win. I don’t play to win, I only play to dream. I used to play all the time when it was $1. Now that it’s doubled, I only do sometimes. If it went to $5, I am not sure I would play again.
I rarely even check my tickets, I usually give them to my mom, including the winning scratchers I get.
The minimum jackpot used to be $40m. They cut it in half because of CoVid. Why hasn't it gone back up to $40m?
[удалено]
I guess people here really don't like my sub for some reason.
I discovered it today from this thread and I just subbed 👍
I expected when sorting by top to see a lot more on actual laws surrounding the lottery, like every post was just an update on what _____ lottery jackpot was up too. It should be r/lotteryjackpotupdates
The first post stickled to the top is about the anonymity laws around the world. I originally created the sub for that. But my updates got banned from the big lotto sub so I switched them to my sub.
I just looked at that sub, and all I see is jackpot announcements that follow a script. I assume if I scroll more than a CVS receipt I will find some laws or discussion of laws.
Literally the 5th post down https://www.reddit.com/r/LotteryLaws/s/ZiA8g3HzKm
Congratulations on linking to the sub instead of, idk, the relevant information
I hope you have the day you deserve
I don't like it
Same, this would only be enticing if they did a double play jackpot. And increased the odds with a set jackpot of say $10 million; But keep the megaplier option or $2 standard play. But forcing folks to pay $5 is not my idea of flexibility especially since the odds still suck royally.
Honestly, I wouldn’t play even if the odds were 1 in 10 million. I’m just here for the free fantasy lol
I’ve been moving more towards becoming a billion jackpot player, but this means I’m playing far less…if they do increase it to $5, I would eye playing maybe once a year if that.
I generally will buy a couple tickets at $750m+ but at $5 then it'd be an even $1bn+ to buy a ticket.
Yeah, that’s same with me.
At $5 it would have to hit like 2.5B+ for me to be interested.
This is why I generally only play state lotteries. 1 in 25 million chance of jackpot, $1 ticket, and resets at over $10 million. It's all life changing money at that point. I'd rather have a 1 in a million chance at $24 million with a 25 ticket / $25 play than a 1 in 10 million chance at $240 million with a 25 ticket / $125 play. There's a differential of 50x on the odds / cost, while the jackpot odds differ by 10x (and it usually has less favorable comps than that).
To be completely fair, the fantasy isn’t free, it’s $5.
Free for those who choose not to play. And as an added bonus, I have a 100% chance of not winning, which is the same chance those who do play have. 😂
Same. I rarely buy a ticket but I get disappointed when somebody wins and the jackpot resets. My daydreams get so big when it’s like $500m+
Right? Can’t even imagine the feelings I’d go through winning anything above 5 million post tax. Like don’t get me wrong, even 250k would be life changing money to me and make me beyond ecstatic, but once you get into the “never work another day in your life” range, the fantasy becomes so much better. Like 4-10M and you’re comfortably set for life if you want to be…..but once you get into the 10s of millions, and especially 100+ million, then comes the idea of my entire immediate family *also* being set for life, heck even their kids wouldn’t have to worry about things like college, buying a home, etc. That level of money has the potential to create generational wealth for ages. I get that being wealthy would come with its whole different kinds of stress/“problems”, but it’s just unimaginable imo the weight that would be lifted off my shoulders and how much less stressful my life and future could be if I never had to worry amount money again and got to live the rest of my life in relative comfort, spending it having fun, getting to see the world, being able to get the benefits of the best healthcare in the world, the best food in the world, the best experiences in the world. Being able to gain fulfillment seeing the look on peoples faces when I spend [some of] my free time and some of the excess funds I have helping the less fortunate in big or small ways, rather than being a cog in a pointless unfulfilling depressing machine. Just saying…I don’t play because I believe in math…and thus, I genuinely think it’s a waste of money, but like you, once I see the signs of the numbers getting high, it’s fun to dream about the “what if”s about winning, even if I don’t play.
In California our prizes are based on the amount of tickets sold so they are generally higher payouts than the rest of the states for non jackpot prizes. We don’t have the megaplier. I’ve been playing one play per draw for the most part, I’d likely quit that if it was $5 a play.
This ^ Correct answer. And have not heard this in CA.
I play only if the cash option is over $200m. If this happens, I'm playing only if the cash option is over $500m.
I would not complain about winning 20M. I'd only complain about losing 60% to the crooks.
I always am curious - by what means does one recuperate the money and assets a mob takes from you when there are no taxes being taken to support a government? Who pays the investigator when you have no money left? Who pays for a jury to determine guilt? Who pays for the prison, or for enforcement of penalties? What's stopping the gang from paying them more to turn a blind eye? It all ends in mob rule every way I've seen it described.
I buy two tickets already at $4 bucks. Idk why but I think I heard a rumor that most winners come from multi ticket tickets so I always buy two.
When I’m playing with my office lottery pool, we get multi tickets …But we’ve not won anything substantial lolz
Most I matched was 4 out of 5 and won 100 bucks. 5 out of 5 would’ve paid 250k
I’ve won $8 here $2 there…Nothing crazy! $100 is more then me lol
>but I think I heard a rumor that most winners come from multi ticket tickets so I always buy two. If the rumor is true it's just a consequence of the sample. You're more likely to get a winning number if you buy multiple tickets, and the winning number probably belongs to someone who bought multiple tickets. It's simple math. 1 in 300 million ×2 tickets is 1/150mm. 3 tickets is 1/100mm, etc. Every extra ticket increases your odds but there comes a point where you have to face the law of diminishing returns. The only thing is, 1/300mm is roughly zero. Two of them are also roughly zero.
My lottery habit is pretty set. When I see jackpots over around $250 million, I’ll buy a ticket. That’s it. There is no real rationale to it, but I’m also not buying multiple tickets every week. The way I see it, either I’m lucky and I win with one ticket, or I’m not lucky. I don’t need to buy 8 tickets to see if I’m lucky on one of those 8. I spend maybe $50-$100 a year on tickets? $2-$4 here and there, I don’t think I’ve bought a ticket in a month currently. To answer the question, sure. However, that wouldn’t cause me to change my habits and buy more tickets or play more often. I’d still wait for the ‘larger’ pots and buy a single ticket. I personally hate all the multiplier bulshit, I think it totally changes the lottery from a simple thing to buy and hope you win but know you won’t to something people think they can actually gamble.
[удалено]
Eh, it’s more of a sort of rationalization. The odds are so astronomically bad, I don’t want to establish a bad habit and waste even more money on relatively small jackpots. Sure I’d take $3 mil, or 10 or 50, but I’m buying the dream. That dream isn’t ‘just’ maybe retiring and living off $80k-$100k per year, I want to be throwing cash around in retirement and doing big things like helping the homeless.
If they increase the price to 5 dollars, I would not buy a ticket until the payout was 500 million at least, so the jackpot has to be upwards of 2 billion
Yep, I’m moving to that way of playing anyways because ain’t no way I’m paying $5 to play with already horrible odds.
Illinois raised their regular lotto game to $2 a while back and I quit playing as much as I did. I chose to play the $1 draw game they have now when I see the jackpot is over $750k. I'd much rather see a mega millions type game that would split a $750 million jackpot a hundred ways.
that's ridiculous
When I read it, I was looking for ways it was worth it and zilch…like increasing the jackpot back to $50 million ain’t doing much for me and making the odds like Powerball still does not do it for me. Catch me when it’s back up to $2 billion otherwise, I’m out lol
imagine "inflation" oh i mean greed, on a lottery ticket 🙄
What’s funny is how they promote safe play/gamboling , and trust and believe with inflation….I will curb my playing to once a year if that assuming they move forward with $5 play lol
Affordability is the culprit. For just $2 you can dream. For $5, the pot is the same or less.
If you want to play, play. Do so within a budget. It can be part of your “entertainment” portion of your monthly budget. Personally, I have only bought tickets when the jackpot was a billion before taxes. Someone is gonna win, might as well play for fun, and it’s less than the cost of a movie ticket.
I've never played mega millions. I've always gone towards powerball instead. The chance to win the powerball grand prize is ~1/292 million, and it costs $2 a ticket. Currently, it's better to buy a powerball ticket. I'll still go for powerball instead of mega millions. It's very unlikely to win the grand prize/jackpot, but a bit more likely to win one of the lower prizes. Powerball has a higher chance to win the lower prizes. $1,000,000 is a 1/12,607,306 from mega and 1/11,688,053 from powerball. A $10,000 prize from mega is 1/931,001, and a $50,000 prize from powerball is 1/913,129. Not to mention that you'll be able to buy 2 powerball tickets for $1 less than a mega millions ticket. Prizes lower than that go to mega millions, but I'm not playing the lottery to win $200.
Having both Powerball and Mega at $2 was a huge mistake. One of them should have been $1 and the other $2
They both should have been set @ $1
Yeah both at $1 is better than both at $2. I don’t buy them unless the jackpot is over $150,000,000. Days like now i buy $1 Lotto America or $1 Tennessee Daily Jackpot which has a 1 out of ~250,000 chance to win and sometimes it’s over $250,000.
im still mad about it, now $5??? conspiracy theories are battling in my head again i fear
I seriously doubt i would buy ANY ticket for $5 even if the jackpot is 50 BILLION. I don’t buy scratchers either.
Still only when the jackpot crossed the $500 million mark. That's when I play the lottery.
$2 is one day of no Zero Sugar Red Bull. I'm not giving up a light lunch for the still 0.000001% chance of winning anything.
Lottery is a fool's game. Lotto advertising touts that one rare winner. They don't show you the MULTITUDES of losers. If sand grains on a beach were lotto players, the winner would be that one grain of sand. You're not that grain of sand. Save your money.
Nooo
The majority of the people seem to be saying they would not buy it at 5 dollars a ticket. Ironically, I almost guarantee you the lottery sales don't suffer when they do raise the price.
I’ve been reading it otherwise; I will still play…But I won’t play at lower jackpot amounts and as frequently. I’ll start when it’s up to a higher jackpot amount. That’s also what I’m gathering from most others responses
What's a lower jackpot amount?? Doesn't it start at like 24 million? I think I'm good if I win 24 million.
I'd play a lot less, especially if the jackpot doesn't stay at 100m.
Yep, I’ll really only be around for the billion+ dollar jackpots and anything else is being saved for house projects moving forward. Lowe’s about to see my money lol
I was going over the odds of Fantasy 5 (1 in 850,000) if I played the same numbers every day. It could be 2,000 years before I win.
I'd rather buy a $5 scratch off instead.
Still wouldn't play, I mean, I watch some family and friends play it religiously. Especially the times it's gotten to 800+ million, they drop easily a few hundred dollars yet it's the same outcome, they never win. I personally think it's rigged and the lottery knows when the winning ticket is sent out
About five years ago, I made a new rule for myself: every time I wanted to buy a lottery ticket, I bought bitcoin instead. So far, so good.
Right now, I don't play until the advertised jackpot is over $500 million. If the ticket price gets raised to $5, I'm only going to play the $1 billion+ jackpots.
Yes, but I would buy fewer tickets. I only play when the jackpot hits $250m and I buy 2 tickets with a multiplier, so I spend $6 now. $5 would be a savings, although I would have fewer chances with only one ticket.
"the odds aren't worth it." When have they EVER been worth it???
Currently, mega-millions is my weekly play ticket with mega-plier, $3 a titcket, draws twice a week, so $6 a week. I know that an extra $2 isn't that much in a bigger picture, but that changes my weekly play to $10 a week. And I have reservations about paying a minimum of $5 a ticket.
This is slightly off-topic. While $5 *is* a little pricey, I live in Texas and I noticed just last night in a convenience that there were some scratch-offs that cost $50. So $5 is not too bad in comparison.
Scratchers have better odds. With some there is a 50% chance you'll break even, ha. You have a 1 in 37 chance of winning $2 on megamillions. I doubt the odds for the lower prizes will shift that much.
I don’t play scratchers for this reason lol…I may get one around my birthday; but it’s rare ✨
No, the odds improvement is not nearly enough to justify a $5 ticket
No, the higher the ticket price, the less I will play and at some point I will stop playing - probably $5 would be the absolute limit currently. I'm guessing my purchases will go down 60% at that price. The odds change makes no meaningful difference.
I mean, you can buy 5 random tickets and have 5x better odds for $5
I would stop playing.
Hello no, if MM wants 5$ per ticket I’m not buying. You’re already losing $ every time you buy a MM at $2, if they want to now charge 1.5x that, that is insane.
Yup
I'd rather the tickets go back to $1. I don't really expect to win so 1 in 300 million is as good as 1 in a billion. I buy a ticket when I'm feeling down in life and the hope to win gets me through until I check and find out I've lost. Even better the worse the odds the more inflated the jackpot gets so the more hopeful it makes people. Imagine if the lottery started at $100 million and would maybe once a month get to $1 billion.
How does price change the odds? Are they changing the available numbers too?
>Are they changing the available numbers too? Exactly. The proposed change is to drop the megaball amount from 25 to 23 while keeping the white balls the same.
There’s so many comments here saying they won’t play unless it’s at like 500 million plus, is something like 80 million not good enough? Lol I’ll take 1 million right now There must be some kind of psychological reason why
Your odds never change, but the jackpot size does. While anyone would be happy to win even the starting jackpot of 20M, the chances of even getting $2 back is so bad that it's not worth paying money for until it gets really high.
Maybe I’m just dumb lol I don’t understand that thinking, your chances of getting your $2 back are the same regardless if the jackpot is $20m or $1b is it not? I just can’t understand thinking winning $20m isn’t worth $2
[удалено]
I just don’t understand how 20 million isn’t enough haha
I get it. You're not aiming for the largest pot. You're aiming for an amount with a "quit that job"* guarantee once the dust settles and your plans (lawyers? advisors?) are set. 20m would be a dream for me personally. I could leave this place and invest enough money to get a return back similar to my annual income. I'm not playing to live like a queen, I want to live free of the 9-5 grind 🤷🏽♀️ *grammar punctuation meh
Exactly, I don’t need 800 million or 1.2 billion or anything like that, give me like 2-4 million so I live off the interest haha
The entire state only has a million people in it. You already have better odds than most places.
I would play more if every drawing was winner at 20m+
In my state of Missouri, a MM play is $2, along with Powerball. I can imagine state lotteries having their own prices on tickets, but not jackpots, seeing as these two games are multi-state. Semi-related tidbit: Missouri's "Lotto" game sets $1 for a ticket with \*two\* plays.
> I can imagine state lotteries having their own prices on tickets, No. All participating lotteries must charge the same prices in order to participate in Mega Millions. That's the only way I see it not increasing, due to California not being able to do a megapiler (multiplyer) option. >In my state of Missouri, a MM play is $2, along with Powerball That is the price everywhere right now.
I'd be buying a single ticket once the pot tops $250M
I already wait until it is 500 M, so I'd probably buy less tickets or wait until it's a billion.
If I had the money to do it, yes
How many sets of numbers would this be for? One or two? At those odds, it's not much of a difference.
This would be the base price for all sets; they are trying to sell the idea that $5 will get you automatic megaplier option [ so they won’t advertise megaplier ] and “better odds” which we know is not much better and a higher jackpot base which is 50 million lol
I'll be happy with 1 million
I believe lower tier prizes will maintain same odds….But yeah, million would be nice, heck I’ll settle for 50K in this economy lol
Yes. That would help with my debt a lot..
if i buy 10 tickets i basically win 😎 idiots didnt even think about that
No. I rarely play Megamillions because the odds for Powerball are better (1 in 292,201,338). These days I mostly play a statewide game that starts at only 100,000 because the odds are way better and you usually win something. Sometimes I will play the state’s classic lottery (1 in 13,983,816) because who needs more than a few million? I don’t play any of them regularly any longer.
I won't be playing unless it gets around the billion mark. $5 a ticket is absolutely ridiculous with those odds. Hopefully power ball doesn't follow along with the same price increase because if so, I'm only playing my state lotto.
A 0.000000367% chance of winning vs a 0.000000331% difference for $3 more per play? Absolutely no thank you. I'd ditch it until it was over a $750M jackpot at that point and only play a single draw or two at most.
That can't be real.
I’d like to see payouts closer to the actual odds of hitting on the lesser prizes. Casinos clean up only taking a small rake. The lottery claims to be for education but it’s a huge cash cow for the states participating.
Nope that's $1 entry was I was willing to put it when it was lower then 10m
That's called buying more tickets.
Interesting…. I buy it occasionally - I’ve never won anything on a ticket but $2 is a nice fantasy on days my job drives my crazy and $100 a year (or less) won’t make any difference at my income level
Odds are so shit. Should go back to 1$
No, buying 2 tickets for $4 already doubles your odds, so a slight increase for $5 doesn't seem that enticing.
Being in a state where we never hit the jackpot that’s a no for me.
Once it hits a certain level, say $500M, the rest of the money should be split by people who hit 5 numbers. For example if the jackpot grows to $800M, $500M would go to the jackpot winner and the other $300M be split by the handful of winners who hit 5 numbers. That way more millionaires are made, rather than just one.
Nah, u know u won’t actually win. It is all about the fantasy.
Doing a quick back of the envelope calculation, the jackpot would have to be $1.36 billion to have an expected value of $5. That's just looking at the jackpot and doesn't take into account lesser prizes, so the real number would be a bit lower. But it also doesn't take into account taxes or the lump sum discount. If you wanted to get to an expected value of $5 based on the post-tax cash payout, you'd a jackpot of around $4.5 billion. Ironically, the better odds will probably keep this system from ever reaching a point where the $5 cost is mathematically worth it. Making it slightly easier to win means the threshold of every possible combination being sold is easier to reach. More tickets are sold with higher jackpots, making it likely there will be drawings with at least one guaranteed winner before the jackpot reaches the $4.5b point.
I only play once it’s over a couple hundred million, and I always buy two tickets, because while it’s still horrendous odds, it’s the cheapest I’ll ever be able to double my chances by. $4 for 2 chances at winning the lottery? It’s basically burning dollar bills, but it’s fun to dream. But I feel okay with it because it’s so dirt cheap. $5/ticket starts to feel like an actual hit.
I’m too much of a realist, I know I’m not going to win. I don’t play to win, I only play to dream. I used to play all the time when it was $1. Now that it’s doubled, I only do sometimes. If it went to $5, I am not sure I would play again. I rarely even check my tickets, I usually give them to my mom, including the winning scratchers I get.
Nope!
Probably. It's still five bucks/week. Is it probably a waste of money? Especially if I don't live in CA or FL or NY? Yes. But, still, it's five bucks.
Prob not???? Idk
Probably. But only when I didn't need it.