Powerball... Odds of a shared jackpot?

Quote: FinsRule

I have a real hard time believing there won't be a winner. 25% seems awfully high. I read that they are selling 100K tickets PER MINUTE.

It's correct if they are correct on their estimate.

And if they are selling 100K per minute for the next 8 hours, that's only 48M tickets. I'm guessing that number included dead periods (in missouri, it's illegal to buy lottery tickets from 2 to 5 am, iirc)

The current jackpot estimate implies there are roughly 230M tickets that will be sold.

No winners given random tickets is:

Probability of not winning raised to the power of the number of tickets sold.

(175,223,509/175,223,510)^230,000,000 = 0.269

Quote: tringlomane

It's correct if they are correct on their estimate.

And if they are selling 100K per minute for the next 8 hours, that's only 48M tickets. I'm guessing that number included dead periods (in missouri, it's illegal to buy lottery tickets from 2 to 5 am, iirc)

The current jackpot estimate implies there are roughly 230M tickets that will be sold.

No winners given random tickets is:

Probability of not winning raised to the power of the number of tickets sold.

(175,223,509/175,223,510)^230,000,000 = 0.269

I am with you and what you said. My question to you is how and where did you find the information on how the monies spent on the game are broken down? I have not found boo on the Powerball site.

got my 1 ticket

Quote: slyther

got my 1 ticket

That's all it takes.

Quote: bushman

I am with you and what you said. My question to you is how and where did you find the information on how the monies spent on the game are broken down? I have not found boo on the Powerball site.

Well, I did make one assumption since I failed to find it in writing, but it's fairly common with major lotteries, and I do vaguely remember reading this fact applied to Powerball long ago. I assumed 50% of sales go to the prize pool (i.e. $1 for every $2 ticket). The prizes and odds are listed here: http://www.powerball.com/powerball/pb_prizes.asp

So if you do all the math, you'll find that prizes that aren't the jackpot are worth 36.05 cents. So 63.95 cents go to the jackpot. Then I looked at the difference in the cash values between the 2 jackpots $147M divide this by 0.6395 to get 230M tickets.

anyone know what the odds drop if i playmy numbers with the 35 powerball numbers?

Quote: newuser

anyone know what the odds drop if i playmy numbers with the 35 powerball numbers?

do you know the odd if i play all 35 powerball numbers with my 5 regular numbers

Quote: newuser

do you know the oddsin i play all 35powerball numbers withmy 5 regular numbers

35 in 175,223,510 or 1 in 5,006,386. You will also win $34M more if you would be lucky enough to hit your 5 white ball choices.

Don't waste your money. I just bought the winning ticket.