Rabu, 07 Agustus 2013

More Powerball players seeking big jackpots only

DES MOINES (AP) With almost $450 million on the line the nearly nationwide lottery Powerball game picked a set of winning numbers Wednesday 05 25 30 58 59 and Powerball 32.

Lottery officials estimated the jackpot at $448 million. The allure of all that money had players in a buying frenzy Wednesday further confirming a trend that lottery officials say has become the big ticket norm Fatigued Powerball players increasingly blas about smaller jackpots often don't get into the game until the jackpot offers big bucks.

Meghan Graham a convenience store worker from Brookline Mass. has purchased nearly a dozen Powerball tickets in recent months thanks to the huge jackpots and the third largest ever pot was enough reason to buy again.

The more it keeps increasing that means nobody is winning ... a lot of people are gonna keep buying tickets and tickets and tickets and you never know you just might get lucky if you pick the right numbers she said.

A recent game change intended to build excitement about the lottery increased the frequency of huge jackpots and Wednesday's jackpot drawing comes only a few months after the biggest Powerball jackpot in history a $590 million pot won in Florida.

With a majority of the top 10 Powerball jackpots being reached in the past five years lottery officials acknowledge smaller jackpots don't create the buzz they once did.

We certainly do see what we call jackpot fatigue said Chuck Strutt executive director of the Multi State Lottery Association. I've been around a long time and remember when a $10 million jackpot in Illinois brought long lines and people from surrounding states to play that game.

Tom Romero CEO of the New Mexico Lottery and chairman of the Powerball Group agreed.

Many years ago $100 million was really exciting and people would immediately buy more occasional players would start buying he said. Then the threshold was $200 million. Now we see here in New Mexico we're approaching the $300 million mark.

The revamp of Powerball in January 2012 changed the price of a ticket from $1 to $2 a move that upped the chances of the game reaching a major jackpot. There was a loss in the number of players but the new game which also created more chances to win smaller $1 million and $2 million prizes has brought in 52% more in sales Strutt said. Sales were $5.9 billion in the fiscal year that ended in June.

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Still the way casual players define a major jackpot has changed. Behavioral economist George Loewenstein who teaches at Carnegie Mellon University said people judge things in relative terms.

We compare things he said. If there are a lot of jackpots even though they're all enormous numbers people are going to start comparing them and if there are billion dollar jackpots then $100 million jackpots that used to feel enormous are going to seem much smaller even though in terms of the impact on your life of winning 100 million or 1 billion it probably isn't all that different.

Though Lisa Ravenell of Philadelphia said she buys tickets randomly she admits the higher jackpot catches her attention. She also noted the frequency of announcements about winners from the area which she feels contributes to her wanting to buy.

The 400 million is appealing the 47 year old said. I think deep down inside more or less I'd buy it because it's a big amount.

So when jackpots swell people still line up for their chance at a life changing payoff even though their chances at winning the top prize are the same if there is a small jackpot.

STORY Lottery fever (again) Wednesday's Powerball up to $425 million

Felipe Pi a of Los Ojos N.M. claimed a $62.8 million Powerball jackpot in May 2007 and frequently buys lottery tickets at the same rural convenience store where his Quick Pick method won big. He has a ritual of buying lottery tickets via Quick Pick at the same store and at the same time and he's not fazed by what others see as a small jackpot.

I go small the former mechanic said and threw out an arbitrary jackpot number. Can you imagine $40 million And people just go when they hit 100 or 200. I think they're really just thinking 'Man I'm going to hit the big one.' If people don't buy for $40 million their IQs aren't very good.

Still he uses only the same winning numbers for major Powerball jackpots like Wednesday's drawing. Pi a is considered a good luck charm in his community just south of the Colorado state line. He has a tattoo of his winning numbers on his right arm and people visit him to rub the tattoo before they buy their own tickets.

You can call it a ritual he said. Maybe lightning will hit twice with my old numbers.

The next drawing is scheduled for Wednesday night.

Associated Press writers Rodrique Ngowi in Newton Mass. and Keith Collins in Philadelphia contributed to this report.

A view of the estimated Powerball winnings flashes on a computer screen at a store location Wednesday in Dallas.(Photo Tony Gutierrez AP)

Copyright 2013 The Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed.

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