S-B Powerball Pool - Jackpot Est 400mil

[JohnR]

Originally Posted by piemma

Just a question. If someone wins $1M, do we also split that or are our entries just for the jackpot?

JR???

I think we set a minimum - I like Ross's idea with a small mod.

Originally Posted by nightfighter

My $.02

Any prize of $50k and up gets split amongst those entered that drawing.

If Jackpot is NOT won, the lesser winning tickets (less than 50k) are reinvested in the pool until jackpot is won. But you must re-enter for each subsequent drawing to share in any subsequent winnings.

If jackpot IS won, ticket holder keeps any winnings (max would be 100.00)
Unless we want to roll it over into the megamillions which is currently around 165 million......

If under 100 and no jackpot, roll into new tickets for the new jackpot.

If any ticket wins over $100,000 we split. Under 100K after taxes and divvying up payout would not be worth it. 1 million would be worth divvying up. So between 101 and #99,999 it goes to the holder of the ticket - sound fair?

[nightfighter]

Prizes go from 100 to 50k to 1 million. That's why I proposed as I did.

[Jenn]

Originally Posted by JohnR

I think we set a minimum - I like Ross's idea with a small mod.



If under 100 and no jackpot, roll into new tickets for the new jackpot.

If any ticket wins over $100,000 we split. Under 100K after taxes and divvying up payout would not be worth it. 1 million would be worth divvying up. So between 101 and #99,999 it goes to the holder of the ticket - sound fair?

Seems fair enough to me! So were up to $500 mil.

Odds from site
Match + Powerball Probability Top Prize
5 + 1 1 in 292,201,338.00* JACKPOT
5 1 in 11,688,053.52 $1,000,000
4 + 1 1 in 913,129.18 $50,000
4 1 in 36.525.16 $100
3 + 1 1 in 14,842.11 $100
3 1 in 579.76 $7
2 + 1 1 in 701.32 $7
1 + 1 1 in 91.97 $4
0 + 1 1 in 38.32 $4

* Overall odds are 1 in 24.8671
* Prizes based on a $2 wager.
* The jackpot will be divided evenly among winners.


If I counted right we have 17 in X3 numbers each which ups our overall odds to51 in 24.8671

I will also sweeten the deal. If I win the jackpot on my "non-pool" ticket I will personally buy the fishing houses for the site

[JohnR]

OK - vote - between now and 10pm

My option #1
or
FishOn's #2

Thanks Jenn

[Justfishin']

option 1

[ecduzitgood]

Originally Posted by JohnR

I think we set a minimum - I like Ross's idea with a small mod.



If under 100 and no jackpot, roll into new tickets for the new jackpot.

If any ticket wins over $100,000 we split. Under 100K after taxes and divvying up payout would not be worth it. 1 million would be worth divvying up. So between 101 and #99,999 it goes to the holder of the ticket - sound fair?

This one for me
Posted from my iPhone/Mobile device