## Poll

 0 - It will rollover 5 votes (25%) 1 - But probably purchased by a group 1 vote (5%) 1 - Purchased by an individual or couple. 1 vote (5%) 2 7 votes (35%) 3 3 votes (15%) 4 or more 3 votes (15%)

20 members have voted

tringlomane
Joined: Aug 25, 2012
• Posts: 5438
November 28th, 2012 at 11:55:22 AM permalink
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
bushman
Joined: Feb 17, 2010
• Posts: 170
November 28th, 2012 at 1:27:13 PM permalink
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.
Never count your winnings at hour 23 of a 24-hour drive.
slyther
Joined: Feb 1, 2010
• Posts: 691
November 28th, 2012 at 2:07:42 PM permalink
got my 1 ticket
Buzzard
Joined: Oct 28, 2012
• Posts: 6814
November 28th, 2012 at 2:11:28 PM permalink
Quote: slyther

got my 1 ticket

That's all it takes.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
tringlomane
Joined: Aug 25, 2012
• Posts: 5438
November 28th, 2012 at 2:13:05 PM permalink
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.
newuser
Joined: Nov 28, 2012
• Posts: 3
November 28th, 2012 at 3:46:10 PM permalink
anyone know what the odds drop if i playmy numbers with the 35 powerball numbers?
newuser
Joined: Nov 28, 2012
• Posts: 3
November 28th, 2012 at 3:47:37 PM permalink
Quote: newuser

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

newuser
Joined: Nov 28, 2012
• Posts: 3
November 28th, 2012 at 3:50:25 PM permalink
do you know the odd if i play all 35 powerball numbers with my 5 regular numbers
tringlomane
Joined: Aug 25, 2012
• Posts: 5438
November 28th, 2012 at 3:54:30 PM permalink
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.
Buzzard
Joined: Oct 28, 2012