The Bigger, The Better
When we play the lottery, we always hope that we will be the lucky one who holds the winning lottery ticket and be an instant millionaire. We meticulously (and sometimes superstitiously) choose our numbers and some people even have a particular ritual they go through before they check to see if they won. Sadly, most of us will never experience that thrilling moment when we realize that we hold the winning ticket.
Even though our odds are not in our favor, we continue to play—especially when we learn that no one claimed the jackpot, which is now larger than it was the night before, thanks to lottery rollover.
What is a Lottery Rollover?
For those who are unfamiliar with the term, lottery rollover is when there is no winning ticket to claim the jackpot. Since there are no winners to claim the jackpot, the money is “rolled over” and added to the jackpot for the next draw.
These rollovers do have some limitations though. Many games have rules that stipulate how many times a jackpot can be rolled over. Once that limit has been reached, the entire amount of money that has been rolled over must be paid out—even if there are no jackpot winners, which will result in a lottery roll down. Of course, if there are multiple winners, then the entire amount will be shared between the lot.
What is a Lottery Roll Down?
When a game experiences a roll down, this means there are no jackpot winners, and the money that was rolled over is distributed to the highest prize tier that does have a winner(s). So… Let’s say that no one wins the jackpot that has had the maximum rollovers, but several players have won the second prize tier jackpot. If no one wins in that tier, the prize money will drop down to the third tier.
With this in effect, the theory states that the jackpot funds could potentially be rolled down to the lowest prize tier, but usually it will just drop down to the second prize tier and is shared amongst those winners.
How Does Roll Overs Affect Ticket Sales?
Like a moth to a flame, people who play the lottery are more aware when a jackpot grows. When rollovers occur, you can expect that, not only will more people play the lottery, but they will purchase more tickets. Because of this influx of players and tickets, the chances of winning that jackpot are even lower.
For avid players who pay close attention to the number of times a jackpot has been rolled over when the maximum rollovers have occurred, you can expect to see even higher ticket sales. Not only are players hoping to win the jackpot, but many people will also settle for second-tier prizes because of the possibility of a roll down. In essence, when any lottery game has reached the maximum possible rollovers, you still can win a whole lot of money, even without matching all the numbers necessary to claim the jackpot!