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Archive for October 10th, 2019

Call for public audit of NZ Lotto and Powerball!

Posted by te2ataria on October 10, 2019

Sent by blog reader “Eve” [Edited by Moderator DH. Updated by Moderator K]

31 Kiwis became overnight Lotto millionaires in 2019 so far –Report

“I wonder if the blog post had anything to do with the Powerball rollover!” Eve has asked.

[Eve left her comment at: Okay, Lotto New Zealand is rigged, too!]

The blog had commented on: “The odds for the Lotto to be won pretty regularly, with far fewer rollovers than any similar system anywhere in the world.”

Lotto jackpots to $32m after tonight’s Powerball goes begging —NZHerald

Lotto’s Powerball has jackpotted to a jaw-dropping $32 million after tonight’s monster $28m jackpot failed to go off.

It means Kiwis across the country will get another shot at becoming multimillionaires this weekend.

“Saturday’s $32 million Powerball jackpot is one of the largest in New Zealand history,” said Lotto spokeswoman Kirsten Robinson.

What are the odds that each year at least 31 Kiwis become “millionaires after winning with Lotto’s games,” asks Eve?

This year, 31 Kiwis became overnight millionaires after winning with Lotto’s games, including 12 who have won big with Powerball. [That’s a total of 31 wins over 40 weeks including the dozen mega wins, despite the Powerball’s gravity-defying odds. Moderator]

And in total, 906 Kiwis had become overnight millionaires with Lotto since it was established way back in 1987. [That’s an average of 28 wins per year. Moderator]

The odds of winning the NZ Lotto top prize are one in 3.8 million and an even more dizzying for the Powerball at one in 38 million. [Sci-fi fans would be thrilled to learn the range of statistical improbabilities.]

You have a higher chance of being born with extra fingers or toes, or nailing a hole-in-one on a par 3 at the golf course.

You’re even more likely to be struck by lightning (one in 280,000), eaten by a shark (one in 3,700,000) or killed in a car crash on your way home (one in 11,000) (sic).

To cover all the combinations and guarantee a winner in the Powerball draw, 38,383,800 tickets, each with a unique combination, must be bought.

If the tickets are bought randomly by large number of people playing independent of each other, which is normally the case, many more than 38 million tickets would be required to win the Poweball because of the multiples of no-win combinations. [Multiple wining combinations seldom occur.]

The 38,383,800 tickets bought @ $1.50 generate $57,575,700 in revenue for each draw. That’s a whopping $3 billion per year from the sales of Powerball tickets alone!

Latest Lotto Stats: Winner, winner, chicken dinner!!
Draw Number: 1897 – Wednesday October 9th 2019
Total prize payout: $3,511,351
No. of tickets sold: N/A
Powerball: Not won

Draw Number: 1896 – Saturday October 5th 2019
Total prize payout: $3,697,298
No. of tickets sold: N/A
Powerball: Not won

Wouldn’t you want to know how much money is raked in from the sales of Lotto, Powerball and related games? Wouldn’t you want to see proof of exactly how much of the revenue is distributed by the New Zealand Lottery Grants Board as funding for recreation, arts, community projects and sports?

Don’t be a sucker!  Call for a public audit of NZ Lotto and Powerball!

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