Hoosier lottery lottery post electricity and magnetism equations


Your point is well taken. I have been estimating the Hoosier Lottery’s sales per draw as well and my figures are very close to yours. During this run I estimate that they are selling approximately 950,000 tickets per mid week drawing and about 1,200,000 for a weekend draw. So even if you add in the free tickets you are well below the 1 in 12,000,000 odds.

Having said that we are assuming the odds and prize information posted by the Hoosier Lottery are correct. That may or may not be an accurate assumption as the Hoosier Lottery has mistated odds and prizes before. But in a straight 6/48 game the correct odds can be calculated fairly easily. So given that the prize information is correct we can assume the sales figures are reasonably accurate.

Now much of this paranoia might be able to be put to rest if the Hoosier Lottery published their sales figures. But they will not. I think part of the reason is they don’t want anyone to know how much of a rip-off the Hoosier Lottery’s Lotto game has become. The Hoosier Lottery’s Lotto Jackpot gas efficient cars 2015 only goes up $500,000 annuity value per draw on the 3rd draw. It has a cash value of exactly 40%. That equals $200,000. In other words they only need to put $200,000 in cash into the jackpot.

Calculating the approximate payout per draw you can see that they only payout somewhere around $160,000 in prizes on a Saturday daw. Wednesday’s payout is corresponding less. Now if you’re taking in $1,200,000 per draw…putting $200,000 aside to cover the jackpot and paying out $160,000 you are left with about $840,000 in pure profit per draw!

OK..states are in the Lottery business to make money. That’s a given and we all accept that. But given this information it’s very easy to see why it is not in the Hoosier gas dryer vs electric dryer Lottery’s best interest to have a Lotto jackpot winner. Let’s face it…bigger jackpots sell more tickets and when the jackpot goes back to $1,000,000 annuity value ($400,000 cash) and starts inching up on the 3rd draw by $500,000 annuity ($200,000) cash, sales will go down

Taken in total this information is IMHO damning but not conclusive. But I’ve been doing some other research and I can’t find any instance anywhere of a straight electricity cost by state 6/48 game that has gone 84 draws without a winner. Hell I can’t even see where Powerball or Mega Millions..with much higher odds…and granted much higher sales figures have gone 84 draws without a winner.

Thanks, Jim. I’ll admit to playing Devil’s advocate a bit on this one. I’m not sure where you’re getting the info on the free tickets, but it sounds like you’re adding them to the number of tickets sold, which I’m not doing. I’m estimating ticket sales with the odds and the number of winners at the lowest level, which accounts for the number of free tickets. For my purpose the free tickest were sold, because htye’re among the tickets that are in play, and that determines how many winners there are.

The one thing I don’t know is how many tickets were sold during the early drawings when the jackpot was much smaller. If they’re only selling 1.2 million tickets for a jackpot of $40 million I’d be very surprised if htey sold anywhere near that many when it was only a few million. That means I don’t know what the odds of somebody winning would have been for any of the early drawings, but I’m assuming it was substantially less than it is now. A run of 84 drawings with no winner is definitely unusual, but it’s well within the bounds of probability. That it had rolled 10, 20, or 50 times already didn’t make it any more likely that it would be won the next time, other than through increased ticket sales.

As far as PB, it’s a given that, on average, they’ll sell 145 million tickets for every winner. Sometimes there’s a winner (or two or three) with far fewer tickets sold, and often they’ll sell 200 or 300 million before having a winner. For the PB record of 365 million the cash payout was about $175 million z gas el salvador precios. With roughly 30 cents of each ticket going to the jackpot that means they sold about 580 million tickets before getting a winner.

2006 has been an incredible year for Hoosier Lotto players around the state. Most recently, a representative for the 2006 Stewardship Revocable Trust claimed an $11 million jackpot from the September 16th Hoosier Lotto drawing. That winning ticket was purchased in Bloomington. Prior to that, a group of nine co-workers at the Delphi Plant in Anderson won a $9 million Hoosier Lotto jackpot on July 1. In April, two life-long friends from Louisville q gastrobar leblon, KY, split an $8 million jackpot won on a ticket purchased in New Albany. A representative from the Boulon Revocable Trust claimed a $6.5 million Hoosier Lotto jackpot in March. That winning ticket was purchased in Indianapolis. The year kicked off in grand fashion when a Valparaiso-native claimed a $1 million jackpot just one drawing after a Logansport-area family won a $25.5 million Hoosier Lotto jackpot from the January 19th drawing.

Help is on the way. When I read how often Hoosier Lotto was won during 2006, it’s hard for me to believe that out of state players coming to Indiana for PowerBall tickets aren’t buying some Hoosier Lotto tickets too with a jackpot that size. I know I would if I was still driving to Indiana for PB tickets. Chances are good your next winner will be from out of state.

Jim, you keep complaining about only receiving 40% of $40 million. The thing is though, THAT IS YOUR CHOICE!!! If you want the ADVERTISED PRIZE, which is $40 million paid in 30 installments, you will receive THAT PRIZE, $40 million. This same rule applies to PowerBall and Mega Millions. You can’t say I’m only getting 40% of the prize if you take the cash option because the cash option is exactly that: AN OPTION!!!!! It is a PRESENT DAY gas x strips walmart VALUE of the advertised ANNUITY jackpot. I wish you people would understand that the jackpot is not just an amount, but also TERMS that go with that amount. In this case, the terms are the amount of time that amount must be paid The jackpot is this: $40.5 million paid over 29 years in 30 installments, BUT if you would like to OPTIONALLY take a present day value of the prize, then you can. After taxes that present day value prize will be a lot less than the advertised ANNUITY prize. It should be OBVIOUS!!!

Next…click on games…click on Lotto and read the entire official’ rules and explanation of the Lotto game. One thing you WILL NOT find is any mention of a CASH OPTION. IT DOESN’T EXIST. the official rules stste only that an annuity is available and the terms of the annuity payment. Once again there is NO mention of a CASH OPTION…PERIOD. Not what it is…how to claim it…the time length to claim it or even that it exists at all.

The ONLY place you can find any mention of a CASH OPTION on the Hoosier Lottery’s website is if you go to their Home Page and click on F.A.Q. The third question down explains the difference between the annuity value and the CASH Option. It states clearly (and incorrectly) that the CASH OPTION is between 40% and 50% of the annuity value. That information is quite simply incorrect. Whether that is done intentionaly or unintentionaly I don’t know. But the reality is it is incorrect.

By her own admission to me in an e-mail…Schneider’s self-appointed mission was to return as much money to the citizens of Indiana as she possibly could. To that end…she increased gas in babies home remedies the annuity period of the Hoosier Lottery’s Lotto game from 25 to 30 years WITHOUT ANY JACKPOT VALUE INCREASE. Five additional years of interest and it all goes to the state. Period! Once again nothing to do with rates and market value.

Next she changed the CASH VALUE to a flat 40% of the annuity value. Unlike the past where the jackpot amount was determined by the actual amount of ticlet sales and all excess cash went into the jackpot…Esther changed the CASH VALUE to a flat $200,000 regardless o how many tickets were sold. Once again NOTHING to do with the annuity or PRESENT DAY CASH VALUE.

Finally, Esther decided to eliminate the first types of electricity generation methods roll over. If nobody wins the first draw…the Hoosier Lottery’s Lotto jackpot remains the same and all the money for the ticket sales goes directly to the state. Only after nobody wins the second draw does the jackpot go up a flat $500,000 annuity (which is the same as before except now it’s on 30 years instead of 25) and a flat $200,000 CAH VALUE regardless of ticket sales.

So in fact you can see…ticket sales and market rates have absolutely nothing to do with the Hoosier Lottery’s Lotto jackpot and therefore, the faliious notion o PRESENT DAY VALUE. The PRESENT DAY value you speak of is not tied to ticket sales, investment rates or annuity length. It is a completely and arbitraily chosen figure designed to return more money to the state without an increase in the prize amount and therefore, done at the expense of the players.