NZ Lotteries - How to take away more

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ionet
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Joined: Fri Feb 18, 2005 2:33 pm
Location: Hawkes Bay

NZ Lotteries - How to take away more

Post by ionet » Sun Nov 01, 2015 3:21 am

_

Anyone else happen to notice just how much some wins in
NZ Lotto & Powerball have diminished in the past month ? ;-)

You aren't mistaken - the long arm of the NZ Lotteries Commission
appears to taken away more than it has enhanced Lotto & Powerball ;-)

Taken away or downgraded:

Big Wednesday - Gone
Lotto Division 1 Jackpot forward if unwon - gone
Powerball - Division 2-6 Prizes all heavily reduced
Reduced Variety of offering With demise of Big Wednesday and removal of
Lotto Division 1 jackpotting, Powerball is now the sole NZ Lottery offering more
than $1 million prize.

Enhancements:

Wednesday Lotto draw introduced (roughly 1/2 support of Saturaday draws)
Powerball new division 7 introduced paying $12 per win


Unchanged:

Lotto Odds - unchanged
Powerball Odds - unchanged at 10x the Lotto Odds
Lotto per line price - 60c per line - unchanged
Powerball per line price - 60c per line in addition to Lotto line price - unchanged


The changes have resulted in:

1. Three Lotto Division 1 winners miss out on a total of $4 million which they would have won, if Division 1 had continued jackpotting in just the month of October

2. Severely reduced wins for all Division 2-7 Powerball Winners

Average recent wins:

Division 2: $4356 (was $27000 across 6 months before)
Division 3: $ 381 (was $1560 across 6 months before)
Division 4: $ 21 (was $ 142 across 6 months before)
Division 5: $ 11 (was $ 66 across 6 months before)
Division 6: $ 10 (was $ 49 across 6 months before )

3. Creation of new $12 Lowest division

Division 7: $ 12 95,600 new winners across 8 recent draws

Average Division 2-7 win for the 8 recent draws after changes $12.38
Average Division 2-6 win across 6 months before changes was $85.99

On unchanged Powerball Odds of 10x those for Lotto, and for the unchanged 60c additional
per line cost, the Average Win or Prize after changes in most recent 8 draws is now just 14.4% of what it was for Divisions 2-7 ;-)

Have NZ Powerball players been ripped off, as a result of these changes ? ;-)


With effect from 7 October 2015, a Rule change for Lotto & Powerball approved by the Minister & sanctioned by Parliament approved changes to Lotto & Powerball rules

This included adjustment of Powerball Prize Pools from previous pool allocations:

Division 1: 85.74% of Prize Pool
Division 2: 2.23% of Prize Pool
Division 3: 2.23% of Prize Pool
Division 4: 0.60% of Prize Pool
Division 5: 4.64% of Prize Pool
Division 6: 4.56% of Prize Pool

to new Powerball Allocations:

Division 1: 96.86% of Prize Pool *
Division 2: 0.47% of Prize Pool *
Division 3: 0.45% of Prize Pool *
Division 4: 0.11% of Prize Pool *
Division 5: 0.94% of Prize Pool *
Division 6: 1.17% of Prize Pool *

* after allocation of amount to pay out the new Division 7 $12 fixed prizes

The net result is very diminished Division 2-6 Prize pools and fiercely trimmed wins across these divisions down to between 13.9% and 25.5% of what these prizes were before (at the same unchanged odds for the same 60c Powerball per line cost)


Can anyone else see that NZ Lotteries Commission are now offering a downgraded Lotto and Powerball product for the same odds and prices as was offered before ? ;-)

M

....
Ultimate Auction Security: Kick 'em in the pants & sweep them under the carpet fast before anyone sees & hope they go away.

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