With Mega Millions now $ 970 million jackpot on the steak. Those with tickets wondering what exaggerated and expensive things to buy or are they? Buzz60s Mercer Morrison has the story.
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Lottery fires burn through the United States as people in 44 states, Washington, DC and the Virgin Islands scramble to buy tickets for the big money of life – now a 1.6 billion dollar Mega Millions jackpot.
And there was no winner in Saturday’s $ 476,700,000 Powerball jackpot, which ratcheting up the next price Wednesday to $ 620 million, said the lottery.
But Mega Millions narrows the eye-opening number. Scores of Potential A Procenters has lining up on mini-March and convenience stores in the past week to test their luck guessing the winning sixth combination for the Mega Millions Prize, which appears to be a balloon after every “no winner” message.
Sales rates are hard to exaggerate. A local Nebraska newspaper reports that tickets were sold at a speed of about 400 per minute on Friday. And in California, the lottery sold 5.7 million on Thursday during the first half of the day.
If it seems that the lines have become longer with each drawing or that jackpots have exploded in recent growth – it’s because they have.
With the next Mega Million drawing two days away (Tuesday at 11:00 ET), here’s a look behind the numbers.
Why have jackpots become so big?
It was all in the form of design.
Lottery officials started tinkering with the odds of 2015 to reduce the chance of winning a jackpot, which in turn increased the possibility of top prices to now exorbitant levels. As the money grows to the high numbers, more and more skeptics and first-time players turn into action.
Powerball was the first to try the new formula when it changed the number of potential combinations three several years ago. That change reduced the odds of winning from one in 175 to one of 292 million.
Mega Millions, which has been in existence since 1996, followed a similar bet in October 2017 and worsened the odds from one of 259 million to one in 302 million. Mega Millions has also doubled the entry ticket price from $ 1 to $ 2 and has seen three of its six biggest payouts since they made the changes.
When the pot grows in size, it is more likely that people buy a larger number of tickets. The process continues for half week until one or more people guess the winning combination.
“I’m surprised nobody won the final round honestly,” said Chris Byrne, a professor in management information at San Diego State University, referring to Friday’s drawing.
“It was over 800 million ticket purchases to make the pot over $ 1.6 billion. It’s quite shocking that no one had the exact combination.”
Byrne said he thinks Tuesday’s drawing almost will give one or more winners.
How can I increase my odds to win?
You could buy a ticket with all possible sextal combinations. That’s if you can afford it.
“If you wanted to guarantee you a profit, it would cost you about $ 600 million,” said Byrne. “Even if you win, you may have to share the winnings with someone else guessing the right amount. So good luck.”
does it mean I should not play?
It depends what you’re playing for, said Byrne. “You have a better shot to turn a coin and have it land on your head 28 times in a row than winning.”
But if you get something out of it – even if it’s just a fantasy – there may be reason enough to join the long lines.
“I invest $ 2 in the ability to dream how I would spend the money for Tuesday night. It’s a cheap price to pay for it,” says Byrne. “The potential return on your $ 2 at this time is also better than when the lottery started at $ 40 million. So there is. “
Follow Dalvin Brown on Twitter: @Dalvin_Brown
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