The prize should hit a limit and be divided into another prize drawing. For example, make $300 million the limit. Still a massively life-changing sum after taxes. When the prize reaches $300 million a new drawing is established alongside the existing one and gets its own numbers for drawing. So now you have twice as many chances to win, albeit one large pool and a smaller, growing pool. Repeat when the second pool reaches $300 million. You could have had 4 simultaneous drawings for the billion+ pot that was just won by a single person.
More people get a shot at a huge sum of money. Seems like a better deal, more winners, more exciting because you get more chances per drawing if there are multiple prizes.
(I’m not encouraging anyone to play if they don’t want to, and pedants need not repeat the odds of winning. Don’t play if you don’t want to, but obviously someone wins.)
It would be an interesting draw. “Be one of 100 new $10 millionaires, and live a charmed life on $400K per year forever”. (Assuming 4% rule.)
The thing is, the reason it gets so high is because it has the potential to get so high. It’s the powerballs selling point.
I’d suspect if someone made a lottery using your system, it would be less popular and wouldn’t actually have the situation occur since less people would fund it.
The powerballs bananas numbers it can scale up to us exactly what makes it so popular and able to scale so high. Everyone collectively has agreed that poeerball is the primary lottery to pitch into with everyone else.
I think if you set up a theoretical test where you have a bunch of people together, and a bunch of lotteries they can gamble on each week, you’d quickly find after a few weeks everyone would be gambling at the same lottery, give or take.