WHY YOU SHOULD NEVER BUY A MEGA MILLIONS OR POWERBALL LOTTO TICKET
Here are the reasons you should never buy a Mega-Millions or Powerball ticket:
REASON 1: The big and bold reason: Their lotto drawings, FOR BOTH MEGA MILLIONS AND POWERBALL GAMES, have been rigged. You may argue that if you do not purchase a $1 ticket ($2 for Powerball) and play the game, you will never have a chance to win the jackpot valued at $12M ($40 M for Powerball). The thing is if the lotto drawings are rigged, there would be either no JACKPOT winners or there are JACKPOT winners, but the winners are their accomplices (of a fixed lotto drawing scheme). Your chances of winning big prizes are SIGNIFICANTLY LOWERED. YOUR CHANCES OF WINNING THE JACKPOT IS VIRTUALLY NONE (ZERO).
Even for drawings that have no jackpot winners, their accomplices (members of the rigged lotto drawing scheme) still grab the big prizes (4 white balls + Megaball/Powerball or higher). REASON 2: The principle of the game is wrong. The jackpot "thereotically" increases and rolls over to the next drawing if there is no jackpot winner in the previous drawing. That tells you that you should wait until the jackpot gets much higher to pick up the grand prize that were resulted from previous lottery sales. That means some of the money from previous drawing's losers (players who did not win) will become your money if you win the jackpot. Practically, the lottery operator would not be crazy to give you prize money from sales proceed of previous drawings.
REASON 3: It will get you hooked. When the jackpot is high enough to get you play and after the drawing nobody wins, you will be tempted to play again, hoping that you could win the jackpot to get back some of the money that you have lost since you believe a portion of the money you play today contributes to the jackpot.
REASON 4: It justifies "having no jackpot winners" for a long period of time. Because the current ball set creates more than 175M combinations, you will not question if you did not win as the chance of winning the jackpot is smaller than the chance someone being struck by lightning. You will also think that "someone who is luckier than I am will grab the jackpot next time." And none of hundreds of millions of players would ever complain anything even when the lottery operator rig the machines and perform fixed drawings so that only limited number of combinations would come out and this would prevent players from winning large prizes, including the jackpot.
REASON 5: You are not able to verify if there's an actual winner. Because of the amount of the jackpot, a winner's identity may be protected. If the winner is in "la-la-land", you wouldn't know. If the winner is part of their fraudulent lotto drawing activity, they will split the large prize among themselves and you are just scammed.
REASON 6: It allows the operator to set the initial jackpot at a low value. The $12 M initial jackpot ($40 M for Powerball) is considerably a very low prize payout considering the odds of winning the jackpot, and the odds of winning other prizes, and the overall odd of winning any prize of the game.
In most online lottery games (e.g. Pick 3, Pick 4), the total payout should be half of total ticket sale from all possible outcomes (combination of numbers) to be considered reasonable and profitable to the lottery commissioner.
For $1 Mega Millions game, there are 175,711,536 combinations. If for each combination, the operator is able to sell 1 ticket and just 1 ticket only, the total lotto sale would be $175,711,536. The total prize payout for the drawing should be half of it, which is $87,855,768. The possible total prize payout for non-jackpot prizes is $31,959,370. The reasonable CASH OPTION JACKPOT prize should be $55,896,398. The reasonable 26 year annuity jackpot should be $76.331M.
At the initial jackpot of $12M, the actual cash option is approximately $8,787,401. Considering $1 ticket sale for all possible combinations, the lotto operator will pay out a total of only $40,746,771, which is only 23% of possible ticket sale of $175,711,536. This means when you play Mega Millions with a $12M jackpot, you turn your $1 into 23 cents at the time of ticket printing, without considering tax on lottery earning. With tax on lottery earning, the true worth of your ticket will be even less.
For a Mega Millions jackpot of $127M ($93M Cash option = the actual lump sum payout), the total payout for all prizes would be $124,959,370. The total payout for all possible outcome is 71% of total proceed. That means when you play Mega Millions at a jackpot of $127 Million (93 Million CASH OPTION), you turn your $1 into 71 cents, without considering income tax on lottery earning. Considering income tax, your $1 Mega Millions ticket is worth 60 cents when the jackpot is at $127M.
For a Mega Millions jackpot of $148M ($108 M Cash option = the actual CURRENT VALUE lump sum payout), the total payout for all prizes would be $139,959,370. The total payout for all possible outcome is 79.65% of total possible proceed of
$175,711,536 (if the operator is able to sell only $1 per combination for all possible combinations). At this payout ratio, you may start to question how the lottery operator would remain profitable for this round of game (this particular drawing) if they offer such a high payout ratio for the game. This could happen because they:
a. The operator has rigged the machine and the balls so that only a limited number of combinations that have not been purchased would have a chance to come out and no players could win a fictitiously inflated jackpot. Remember that lottery operator is not an angel. Their mission is make money and not to give money away. There is operating expense for each ticket printed and each drawing held. They would never include money from previous game in tonight jackpot (grand prize).
b. The operator is able to sell MORE THAN ONE $1 tickets for each possible combination. So their sales revenue would be high enough to cover the high jackpot. And in that case, you as a player will face a risk splitting the jackpot among a few winners.
In previous lotto drawings up to March 6, 2012 the Mega Millions lotto drawings have been RIGGED. So let the inflated, fictitious jackpot drives up your greed and turn yourself into a fool. DO NOT PLAY REGARDLESS OF ANY JACKPOT AMOUNT IF YOU DO NOT TRUST THE SECURITY AND INTEGRITY OF THIS LOTTO DRAWING. For a prize of $108M cash lump sum payment, it is questionable if they could only show you a tiny drawing video clip that is smaller than the palm of a new born kid’s hand. That is a RED FLAG.
For $2 Powerball game, there are 175,223,510 combinations. If for each combination, the operator is able to sell 1 ticket and just 1 ticket only, the total lotto sale would be $350,447,020. The total prize payout for the drawing should be half of it, which is $175,223,510. The possible total prize payout for non-jackpot prizes is $51,800,596. The reasonable CASH OPTION JACKPOT prize for Powerball should be $123,422,914. The reasonable 29 year (30 payments) annuity jackpot should be $199,605,791. When buying a Powerball ticket with an advertised jackpot of less than $199,605,791, YOU ARE SHORT CHANGED. At a jackpot of $60M with a cash option of $37.1M, your $2 becomes 50 cents. YOU would lose $1.50 at the time your $2 Powerball ticket is printed, without considering lottery winning income tax. With income tax added, your $2 Powerball ticket would be worth about 35 to 40 cents.
At the initial jackpot of $40M, the actual cash option is approximately $24,733,333. Considering $2 ticket sale for all possible combinations, the lotto operator will pay out a total of only $76,533,929 which is only 22% of possible ticket sale of $350,447,020.This means when you play Powerball with a $40M jackpot, you turn your $2 into 44 cents at the time of ticket printing, without considering tax on lottery earning. With tax on lottery earning, the true worth of your ticket will be even less, probably around 30 cents. In other words, at the initial jackpot of $40M, if you play Powerball, you would lose $1.70 at the time the ticket is printed.
REASON 7: Practically, the jackpot increases not because there were no winners in previous drawings, but simply because the operator expects significant increase in ticket sales as the jackpot gets higher.
Their goal is to have no winners at all in each drawing. Periodically, they would announce a jackpot winner (If more than one winners, it will be shared; so regardless there is potentially just one jackpot payout). And as I said earlier, the winner could be their accomplices, and you as the players are not able to verify if the winner is the legitimate winner and not a member of their fixed drawing scheme. But if there are no winners and they increase the jackpot, it is actually not a result of "having no winners" in previous drawing(s). The advertised LARGER jackpot would AUTOMATICALLY ATTRACT MORE PLAYERS into the current drawing and resulting a larger jackpot prize. There is no such thing as a "rolled over jackpot". Trust me on this. There are five (5) groups of players who participate in a lotto game that advertises a very large jackpot: GROUP 1: Lottery addicts and frequent players (who play by subscription or who purchase multiple-draw tickets). They will play lotto even when the jackpot is low.
To entice players to buy lotto game when the jackpot is low, the operator often offers "second chance drawing" for non-winning tickets. But even so, it is not smart to play when the jackpot is low, as explained in Reason 6. Sometimes, the lottery operator even advertises stories of large prize winning by coworkers, who contribute money to a lottery pool to play lottery with every draw as a way to entice frequent playing from potential "office worker players".
GROUP 2: Occasional players who just want to try out their luck. They care less about the size of the jackpot or the odds of winning.
GROUP 3: New players who join the game because of the advertised LARGE JACKPOT.
GROUP 4: Players who joined the PREVIOUS DRAWING, hanging on and getting hooked because there were no jackpot winners from the previous drawings. They decided to play again today, hoping that they could win the jackpot as they believe their lost money was part of the rolled over jackpot.
GROUP 5: ILLEGITIMATE PLAYERS (members of the rigged lotto drawing scheme) They purchase tickets just to grab the big prizes (4 white balls + Megaball/Powerball, 5 white balls, or 5 white balls + Megaball/Powerball (Jackpot prize).