Why Lottery organizations declare high jackpots?Why they make people to think like winning a lot of money, in order to say the truth...

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Ashley Kannan eNotes educator| Certified Educator

Part of the reasons why lotteries are inflated to high stakes would be to entice greater numbers to participate.  The hopes would be that the greater the potential for profit, the greater the chance that individuals will participate.  Lottery organizations only are able to generate profit when mass number of people willingly participate.  The idea of creating high jackpots increase more people in the pool of participation.  Ironically enough, this decreases the chances of winning because the more people involved, the more rare the odds of success become.  It is this particular idea which makes lottery jackpots so high.  In order for individuals to participate which increases the odds and guarantees greater profit for the lottery organization.

M.P. Ossa eNotes educator| Certified Educator

High jackpots generate a lot of conversation among the public and in the media. Many people who would not normally play the lottery are enticed to spend a couple of dollars or join in pools at their workplace. This means more revenue and more exposure for the lotto company, it also means more money for the eventual jackpot winner or winners. Though the lotto companies don't deliberately set out to have ridiculously high jackpots around $300 million for example I am sure they are more than happy for this to happen. This happens because no tickets have matched the weekly numbers and the jackpot from the previous week is rolled over until it is eventually won.