1 00:00:05,000 --> 00:00:05,400 Speaker 1: Hilda. 2 00:00:05,480 --> 00:00:08,720 Speaker 2: I'm Chelsea Daniels and this is the Front Page, a 3 00:00:08,800 --> 00:00:17,280 Speaker 2: daily podcast presented by the New Zealand Herald. Your chance 4 00:00:17,360 --> 00:00:22,040 Speaker 2: of winning powerball is one in thirty eight million. 5 00:00:21,840 --> 00:00:24,400 Speaker 1: And it could be about to get a lot harder. 6 00:00:25,040 --> 00:00:28,200 Speaker 2: The Herald has revealed Lotto and z bosses are keen 7 00:00:28,280 --> 00:00:31,640 Speaker 2: to increase the number of balls in the powerball draw 8 00:00:31,800 --> 00:00:34,519 Speaker 2: and are already seeking permission from the government for what 9 00:00:34,640 --> 00:00:38,040 Speaker 2: has been described as a matrix change for the game. 10 00:00:38,200 --> 00:00:41,080 Speaker 2: But how will this affect your odds and why do 11 00:00:41,120 --> 00:00:43,720 Speaker 2: they want to change the game anyway? Today on the 12 00:00:43,720 --> 00:00:47,280 Speaker 2: front Page ends at Herald's senior reporter, Neil Readers here 13 00:00:47,400 --> 00:00:49,839 Speaker 2: to crunch the numbers and tell us more about these 14 00:00:49,840 --> 00:00:58,560 Speaker 2: potential changes on the way. So, Neil, how does the 15 00:00:58,640 --> 00:01:01,120 Speaker 2: Lotto matrix currently work? 16 00:01:01,680 --> 00:01:02,240 Speaker 3: At the moment? 17 00:01:02,360 --> 00:01:06,760 Speaker 4: To win Powerball, you've got to have six first division 18 00:01:06,800 --> 00:01:09,240 Speaker 4: numbers and then get the powerball. And at the moment 19 00:01:09,280 --> 00:01:13,120 Speaker 4: there's ten balls and powerball number one through ten, and 20 00:01:13,360 --> 00:01:16,760 Speaker 4: the odds of winning Lotto Powerball currently are one and 21 00:01:16,840 --> 00:01:20,360 Speaker 4: thirty eight million, But potentially by twenty twenty nine that 22 00:01:20,400 --> 00:01:21,520 Speaker 4: could be quite harder. 23 00:01:21,720 --> 00:01:25,119 Speaker 2: So that old adage of you're more likely to die 24 00:01:25,120 --> 00:01:26,759 Speaker 2: in a plane crash than win lotto. 25 00:01:27,200 --> 00:01:28,600 Speaker 1: Is that still the deal? 26 00:01:29,120 --> 00:01:29,840 Speaker 3: I think definitely. 27 00:01:30,080 --> 00:01:34,600 Speaker 4: Our numbers guru Chris Knox ran some potential Lotto powerball 28 00:01:34,720 --> 00:01:38,720 Speaker 4: changes through his matrix machine. Last time there was a 29 00:01:38,840 --> 00:01:41,800 Speaker 4: powerball change was in two thousand and seven, so I 30 00:01:41,840 --> 00:01:44,319 Speaker 4: went to ten balls. So currently it's one in thirty 31 00:01:44,319 --> 00:01:48,200 Speaker 4: eight million with six first division numbers in the power ball. 32 00:01:48,440 --> 00:01:52,600 Speaker 4: Shouldlow added an additional powerball number, the odds would decrease 33 00:01:52,680 --> 00:01:57,120 Speaker 4: to one and forty two point two million on previous 34 00:01:57,200 --> 00:02:01,320 Speaker 4: track records, where the previously other two numbers. If they 35 00:02:01,360 --> 00:02:04,960 Speaker 4: added twelve numbers to the powerball, kissy, your odds would 36 00:02:04,960 --> 00:02:07,880 Speaker 4: it would decrease even further to one and forty six million. 37 00:02:08,240 --> 00:02:10,760 Speaker 4: And if the Loto en Ze bosses went all the 38 00:02:10,800 --> 00:02:13,760 Speaker 4: way out and added five extra numbers to the powerball, kidd, 39 00:02:14,120 --> 00:02:17,160 Speaker 4: you'll be looking at one in fifty seven point five million. 40 00:02:17,280 --> 00:02:20,440 Speaker 3: So yeah, way more likely to die on a plane 41 00:02:20,440 --> 00:02:21,280 Speaker 3: creation than win lotto. 42 00:02:21,400 --> 00:02:24,240 Speaker 1: Yeah, So tell me about these proposed changes. What's the 43 00:02:24,360 --> 00:02:25,320 Speaker 1: thinking behind it? 44 00:02:25,639 --> 00:02:28,240 Speaker 4: Around the world, it's no sort of shortage of changes 45 00:02:28,280 --> 00:02:32,160 Speaker 4: to different lotto games or powerball games. In particular, Australia 46 00:02:32,280 --> 00:02:38,360 Speaker 4: changed their Powerball matrix in twenty eighteen in America's Mega Millions, 47 00:02:38,360 --> 00:02:41,240 Speaker 4: which has got a record payout of two point five billion, 48 00:02:41,240 --> 00:02:43,680 Speaker 4: which is a bit bigger than our Lotto Powerball's fifty 49 00:02:43,720 --> 00:02:48,160 Speaker 4: million record. They changed their matrix simply waiting a price 50 00:02:48,320 --> 00:02:50,960 Speaker 4: change earlier this year to make the tickets more expensive. 51 00:02:51,080 --> 00:02:53,520 Speaker 4: Games are always looking to evolve. I think in New 52 00:02:53,600 --> 00:02:56,880 Speaker 4: Zealand there's obviously added competition of sports betting now more 53 00:02:56,919 --> 00:03:01,320 Speaker 4: horse betting options. Lotto end zet are very keen to 54 00:03:01,360 --> 00:03:05,520 Speaker 4: make sure that they don't reduce the financial returns to 55 00:03:05,560 --> 00:03:09,799 Speaker 4: the community, but via the Lotteries Trust at the moment, 56 00:03:09,840 --> 00:03:12,120 Speaker 4: that's four hundred and thirty four million that they pump 57 00:03:12,160 --> 00:03:14,600 Speaker 4: back into the community. So they're trying to safeguard well, 58 00:03:14,639 --> 00:03:17,080 Speaker 4: they're trying to say, they're trying to safeguard both the 59 00:03:17,080 --> 00:03:20,840 Speaker 4: game's financial future and also the returns to the community 60 00:03:20,880 --> 00:03:24,480 Speaker 4: by making Blotto Powerball even more attractive. 61 00:03:24,000 --> 00:03:24,600 Speaker 3: For the future. 62 00:03:24,880 --> 00:03:27,120 Speaker 2: What are the risks here with changing it? I mean, 63 00:03:27,160 --> 00:03:29,240 Speaker 2: problem gambling is a bit of an issue at the moment. 64 00:03:29,280 --> 00:03:31,560 Speaker 2: It always has been. Could this be a problem? 65 00:03:32,400 --> 00:03:35,800 Speaker 4: Problem gaming foundation they do, I mean, they've made no 66 00:03:35,840 --> 00:03:39,920 Speaker 4: secret in the past about people being hopped on lotto. 67 00:03:41,000 --> 00:03:44,720 Speaker 4: Their research, The Problem Gambling Foundation's research shows about twelve 68 00:03:44,760 --> 00:03:49,720 Speaker 4: percent of their client owl who have received gambling harm 69 00:03:49,760 --> 00:03:53,840 Speaker 4: treatment services, lotto was their primary mode of gambling. Just 70 00:03:53,880 --> 00:03:56,400 Speaker 4: for context that that compares with fifty percent of listed 71 00:03:56,440 --> 00:03:59,560 Speaker 4: playing the pokeys in nine percent said they're impacted by 72 00:03:59,600 --> 00:04:03,600 Speaker 4: gambling on sports or horse racing with the TB. But 73 00:04:03,720 --> 00:04:06,280 Speaker 4: I mean, definitely if these changes do have been which 74 00:04:06,320 --> 00:04:09,840 Speaker 4: will mean more bigger jackpots such as the fifty million 75 00:04:10,000 --> 00:04:12,200 Speaker 4: must be one, I mean, I think the Problem Gaming 76 00:04:12,240 --> 00:04:15,040 Speaker 4: Foundation will be quite concerned about that. You know, a 77 00:04:15,040 --> 00:04:17,000 Speaker 4: lot of people will be keen to buy tickets for 78 00:04:17,040 --> 00:04:18,560 Speaker 4: the big draws. 79 00:04:21,160 --> 00:04:23,240 Speaker 5: In terms of those that play all the time, there's 80 00:04:23,279 --> 00:04:27,159 Speaker 5: what we call a near miss phenomenon, which is maybe 81 00:04:27,200 --> 00:04:30,040 Speaker 5: I got three numbers last week or four the week before, 82 00:04:30,440 --> 00:04:33,080 Speaker 5: and therefore, in my brain, I think that increases my 83 00:04:33,160 --> 00:04:35,400 Speaker 5: odds of winning the big time, which we all know 84 00:04:35,640 --> 00:04:38,120 Speaker 5: every time you play you back at square one. 85 00:04:38,440 --> 00:04:42,600 Speaker 4: It seems while we're playing lotto, our brain's playing games 86 00:04:42,600 --> 00:04:43,040 Speaker 4: with us. 87 00:04:43,560 --> 00:04:46,560 Speaker 5: If I can remember other people winning the lotto, which 88 00:04:46,560 --> 00:04:49,080 Speaker 5: we see all over the news, actually makes my brain 89 00:04:49,640 --> 00:04:52,080 Speaker 5: I think that I've got higher chance or higher of. 90 00:04:55,920 --> 00:04:58,440 Speaker 2: So there are already some rules around how the game 91 00:04:58,560 --> 00:05:02,400 Speaker 2: is played. Hey at the like how much the jackpot 92 00:05:02,480 --> 00:05:05,320 Speaker 2: can actually get up to? How much does it cap 93 00:05:05,360 --> 00:05:08,799 Speaker 2: off at now? And if they were to add more numbers, say, 94 00:05:09,120 --> 00:05:12,000 Speaker 2: have they talked about how much we could possibly win? 95 00:05:12,600 --> 00:05:12,920 Speaker 3: Yeah? 96 00:05:13,320 --> 00:05:16,760 Speaker 4: At present, the maximum that loto can get to before 97 00:05:16,800 --> 00:05:19,200 Speaker 4: it has to be struck as fifty million, so sort 98 00:05:19,200 --> 00:05:22,240 Speaker 4: of jackpots every week that it's not drawn, And the 99 00:05:22,320 --> 00:05:24,440 Speaker 4: mount that a jackpots kind of depends on how many 100 00:05:24,440 --> 00:05:27,479 Speaker 4: tickets they sell for the previous draw. So last week 101 00:05:27,520 --> 00:05:31,120 Speaker 4: you obviously rows to thirty million dollars that was split 102 00:05:31,160 --> 00:05:34,520 Speaker 4: by between two lucky winners. I think that week lotoside 103 00:05:34,520 --> 00:05:36,640 Speaker 4: about one point five million tickets, which is quite a 104 00:05:36,680 --> 00:05:39,560 Speaker 4: big upturn on what they'd sell for say a four 105 00:05:39,680 --> 00:05:42,240 Speaker 4: or a ten million dollar draw. For the figure to 106 00:05:42,320 --> 00:05:46,000 Speaker 4: be the maximum payout limit to lift that would take 107 00:05:46,920 --> 00:05:48,760 Speaker 4: approvabley internal affairs in the government. 108 00:05:48,960 --> 00:05:50,760 Speaker 3: A lot of New Zealand aren't trying to seek that 109 00:05:50,839 --> 00:05:51,320 Speaker 3: at the moment. 110 00:05:51,360 --> 00:05:53,360 Speaker 4: What they are trying to work through is if they 111 00:05:53,440 --> 00:05:56,880 Speaker 4: can increase the numbers and the power ball to change 112 00:05:56,880 --> 00:05:59,120 Speaker 4: the matrix. But I mean, I think if you look 113 00:05:59,160 --> 00:06:02,000 Speaker 4: at our powerball lot, it's fifty million. In America, you 114 00:06:02,360 --> 00:06:05,839 Speaker 4: can win billions and their powerball. Australia's got a record 115 00:06:05,880 --> 00:06:08,440 Speaker 4: powerball payout of one hundred and sixty two million, so 116 00:06:08,560 --> 00:06:11,480 Speaker 4: we're still still kind of small frin terms of payouts. 117 00:06:11,520 --> 00:06:14,719 Speaker 1: Really, what's the most someone's won in New Zealand? 118 00:06:15,600 --> 00:06:18,720 Speaker 4: The record PAOUD is just over forty four million, which 119 00:06:19,160 --> 00:06:22,200 Speaker 4: is pretty mouth watering and could change your life in 120 00:06:22,279 --> 00:06:25,279 Speaker 4: so many ways. There have been two previous fifty million 121 00:06:25,360 --> 00:06:28,880 Speaker 4: dollar jaws which have been shared by multiple winners. Twenty 122 00:06:28,960 --> 00:06:32,839 Speaker 4: twenty four there were seven players that shared that fifty 123 00:06:32,880 --> 00:06:36,239 Speaker 4: million prize for when they got just over seven million 124 00:06:36,240 --> 00:06:38,280 Speaker 4: dollars each, which I wouldn't. 125 00:06:37,880 --> 00:06:39,440 Speaker 3: Say no to seven million. I don't know if you 126 00:06:39,480 --> 00:06:41,240 Speaker 3: would either. Chelsea. 127 00:06:48,760 --> 00:06:51,839 Speaker 2: Well, you've spoken about some of the global lotto trends 128 00:06:51,880 --> 00:06:54,440 Speaker 2: and how they compare to New Zealand. Is there any 129 00:06:54,480 --> 00:06:58,440 Speaker 2: reason why, say, America goes into the billions, Australia goes 130 00:06:58,640 --> 00:07:02,200 Speaker 2: over one hundred million, and why do we cap it? 131 00:07:02,720 --> 00:07:04,599 Speaker 3: The big reason is population. 132 00:07:04,839 --> 00:07:07,839 Speaker 4: We've got sort of a fifth of quarter of the 133 00:07:07,839 --> 00:07:10,360 Speaker 4: population of Australia, so when you sort of maybe leverage 134 00:07:10,400 --> 00:07:14,720 Speaker 4: it out that way, our payments. Probably maximum payment proportionally 135 00:07:15,000 --> 00:07:17,080 Speaker 4: is fairly even with Australia. 136 00:07:17,400 --> 00:07:19,960 Speaker 3: America or America is a whole different beast all together. 137 00:07:19,960 --> 00:07:23,960 Speaker 4: Obviously a huge country which has got multiple gambling options. 138 00:07:24,520 --> 00:07:26,840 Speaker 4: Probably that American dream that everyone wants to get rich there. 139 00:07:26,880 --> 00:07:29,520 Speaker 4: The A Lotto games are huge over the air, and 140 00:07:29,520 --> 00:07:32,120 Speaker 4: it's not just the mega millions. For New Zealand, the 141 00:07:32,160 --> 00:07:35,120 Speaker 4: fifteen million limit. Part of that is to do with 142 00:07:35,840 --> 00:07:39,400 Speaker 4: problem gambling. I think if it would be pretty hard argument, 143 00:07:39,440 --> 00:07:41,080 Speaker 4: I think for a lot of New Zealand to put 144 00:07:41,200 --> 00:07:42,960 Speaker 4: forward and I don't know even if they want to 145 00:07:42,960 --> 00:07:46,360 Speaker 4: put it forward to increase that level. I think if 146 00:07:46,400 --> 00:07:48,480 Speaker 4: they did, they're probably be quite a bit of blowback 147 00:07:48,520 --> 00:07:52,800 Speaker 4: from Problem Gambling Foundation and other community organizations about the 148 00:07:52,840 --> 00:07:57,000 Speaker 4: potential risks that could could pose with gambling traits. 149 00:07:57,120 --> 00:07:59,400 Speaker 2: Yeah, that makes sense because I saw that the forty 150 00:07:59,400 --> 00:08:02,680 Speaker 2: four million dollar one that was in twenty sixteen in 151 00:08:02,760 --> 00:08:06,000 Speaker 2: November that was actually the greatest number of tickets sold 152 00:08:06,120 --> 00:08:09,040 Speaker 2: for a draw was that draw. And I suppose as 153 00:08:09,080 --> 00:08:11,800 Speaker 2: soon as it gets up to fifty everyone, even even 154 00:08:11,880 --> 00:08:15,560 Speaker 2: people who don't usually buy a Lotto tickets want to 155 00:08:15,560 --> 00:08:16,280 Speaker 2: get involved. 156 00:08:16,320 --> 00:08:19,360 Speaker 4: Hey, absolutely, family's going away on holidays, always want to 157 00:08:19,360 --> 00:08:21,400 Speaker 4: buy a ticket for those big draws when they're in 158 00:08:21,600 --> 00:08:22,320 Speaker 4: a different place. 159 00:08:22,360 --> 00:08:22,800 Speaker 3: For luck. 160 00:08:23,760 --> 00:08:27,640 Speaker 4: Last weekend when Lotto had thirty million, it's the first 161 00:08:27,640 --> 00:08:29,560 Speaker 4: time for a while that has actually been sort of 162 00:08:29,800 --> 00:08:32,080 Speaker 4: if you drive past lot of outlets, and I did, 163 00:08:32,200 --> 00:08:35,120 Speaker 4: there were lines and queues outside some of the lotto 164 00:08:35,360 --> 00:08:38,440 Speaker 4: sellers at supermarkets and different places around town. 165 00:08:39,040 --> 00:08:40,640 Speaker 3: When it really does drive a bus. 166 00:08:41,880 --> 00:08:43,880 Speaker 4: I remember sort of the other those two weekends when 167 00:08:43,880 --> 00:08:45,280 Speaker 4: there were fifty million dollar draws. 168 00:08:45,280 --> 00:08:46,280 Speaker 3: It was massive. 169 00:08:46,280 --> 00:08:48,959 Speaker 4: You know, they'd be driving past a stationary store or 170 00:08:49,000 --> 00:08:51,960 Speaker 4: bookshop or a supermarket and gave sort of lines of 171 00:08:52,000 --> 00:08:54,679 Speaker 4: ten twenty people longer waiting to get a ticket to 172 00:08:55,120 --> 00:08:56,480 Speaker 4: potentially change their life. 173 00:08:58,600 --> 00:09:00,480 Speaker 6: Wouldn't I have got the money I put all the 174 00:09:00,760 --> 00:09:06,079 Speaker 6: tune deposits, which was suggested by the Lotto commission. Then 175 00:09:06,120 --> 00:09:09,360 Speaker 6: I started getting all these friends coming in and people 176 00:09:09,480 --> 00:09:13,360 Speaker 6: and people are asking me, and these new people I 177 00:09:13,400 --> 00:09:16,439 Speaker 6: didn't even know, and hey, can I have, can I have? 178 00:09:16,480 --> 00:09:17,080 Speaker 1: Can I borrow? 179 00:09:17,120 --> 00:09:19,800 Speaker 6: Can I learn? And I was doing I was giving them, 180 00:09:19,880 --> 00:09:23,000 Speaker 6: I was answering them, and all of a sudden, have 181 00:09:23,080 --> 00:09:26,440 Speaker 6: got too much. I'm not seeing the results of what 182 00:09:26,520 --> 00:09:29,480 Speaker 6: they wanted the money for and things like that. So 183 00:09:30,280 --> 00:09:32,680 Speaker 6: that sort of turned me upside down of it. I 184 00:09:32,800 --> 00:09:35,200 Speaker 6: sort of had to stop doing that, and I felt 185 00:09:35,240 --> 00:09:36,599 Speaker 6: quite distinct stopping that. 186 00:09:41,280 --> 00:09:43,960 Speaker 2: And of course we've heard some horror stories, but also 187 00:09:44,040 --> 00:09:46,199 Speaker 2: some real success stories from winners. 188 00:09:46,240 --> 00:09:49,640 Speaker 1: It really depends what kind of road you go down. 189 00:09:49,720 --> 00:09:52,240 Speaker 2: Hey, I mean, you hear stories and I'm thinking of 190 00:09:52,240 --> 00:09:55,400 Speaker 2: one in the UK, I think where somebody won lotto 191 00:09:55,640 --> 00:09:59,840 Speaker 2: and just completely wasted all their money. I mean it's heartbreaking. 192 00:10:00,040 --> 00:10:02,480 Speaker 2: And you see those kinds of things in the news A. 193 00:10:02,120 --> 00:10:04,200 Speaker 3: Absolutely, I think the things you imagine. 194 00:10:04,320 --> 00:10:07,160 Speaker 4: I mean, if I won touch Wood forty million dollars, 195 00:10:07,360 --> 00:10:09,680 Speaker 4: it would change my life. And most people just aren't 196 00:10:09,720 --> 00:10:13,640 Speaker 4: prepared for that overnight sensation of, you know, never having 197 00:10:13,640 --> 00:10:16,600 Speaker 4: to work again. Really, you know, some people there's been 198 00:10:16,640 --> 00:10:19,920 Speaker 4: winners in New Zealand that have taught previously confidentially about 199 00:10:19,920 --> 00:10:22,320 Speaker 4: it that people came out of the woodwork that you 200 00:10:22,360 --> 00:10:24,880 Speaker 4: didn't really know before. They want money, you're not used 201 00:10:24,920 --> 00:10:27,360 Speaker 4: to budgeting for what to do with it. I think 202 00:10:27,400 --> 00:10:29,880 Speaker 4: a lot of news doing a lot more proactive now 203 00:10:30,320 --> 00:10:32,920 Speaker 4: than maybe what they were earlier on. I know it's 204 00:10:33,240 --> 00:10:39,719 Speaker 4: the big winners they're given opportunities for counseling, for financial literacy, 205 00:10:40,800 --> 00:10:44,280 Speaker 4: the Office of Financial Coaching. You know what potentially what 206 00:10:44,360 --> 00:10:46,480 Speaker 4: to do with their money in terms of what your 207 00:10:46,520 --> 00:10:48,800 Speaker 4: ISSUA could invest in. But you think, sort of if 208 00:10:48,840 --> 00:10:51,320 Speaker 4: your bank account went from Jesus one hundred and fifty 209 00:10:51,320 --> 00:10:53,760 Speaker 4: bucks in your bank account on a Saturday morning to 210 00:10:54,200 --> 00:10:58,480 Speaker 4: potentially thirty million dollars when your bank your winning ticket 211 00:10:58,520 --> 00:11:00,840 Speaker 4: and it's it's a hell of a life style change. 212 00:11:01,200 --> 00:11:02,960 Speaker 4: It'd be pretty hard not to go on a bit 213 00:11:03,000 --> 00:11:04,960 Speaker 4: of a slurge. I know, I'd probably buy a couple 214 00:11:04,960 --> 00:11:07,440 Speaker 4: of nice cars and go on holiday and waste the rest. 215 00:11:07,320 --> 00:11:09,520 Speaker 1: Of it and give me a couple of meal, wouldn't you? 216 00:11:09,760 --> 00:11:10,800 Speaker 3: Absolutely? Chelsea? 217 00:11:11,400 --> 00:11:14,440 Speaker 2: How do you think that these changes might go down 218 00:11:14,520 --> 00:11:16,880 Speaker 2: with the general public? Noil, I think we all know 219 00:11:17,040 --> 00:11:19,560 Speaker 2: that people are obsessed with lotto at the moment. Do 220 00:11:19,600 --> 00:11:23,280 Speaker 2: you think a bigger jackpop could outweigh a harder chance 221 00:11:23,320 --> 00:11:23,800 Speaker 2: of winning. 222 00:11:24,080 --> 00:11:24,880 Speaker 3: Yeah, there's a. 223 00:11:24,880 --> 00:11:28,400 Speaker 4: Real cruck sort of if these number change the matrix 224 00:11:28,520 --> 00:11:32,079 Speaker 4: change goes ahead, Loto were very happen with me when 225 00:11:32,080 --> 00:11:34,160 Speaker 4: I talk to them that a matrix change of me 226 00:11:34,760 --> 00:11:37,280 Speaker 4: at a be tougher to win lotto when it's like 227 00:11:37,320 --> 00:11:40,040 Speaker 4: a four million dollar draw, six million dollar draw, et cetera, 228 00:11:40,080 --> 00:11:40,720 Speaker 4: et cetera. 229 00:11:41,080 --> 00:11:43,280 Speaker 3: But the flip side is that there are going to 230 00:11:43,280 --> 00:11:45,600 Speaker 3: be bigger, more regular, bigger jackpots. 231 00:11:45,640 --> 00:11:48,440 Speaker 4: So and the last almost decad there's only been two 232 00:11:48,480 --> 00:11:51,439 Speaker 4: fifty million dollar draws. You could have a fifty million 233 00:11:51,480 --> 00:11:54,120 Speaker 4: dollar drawer every year, potentially every couple of years, which 234 00:11:54,160 --> 00:11:56,360 Speaker 4: is what Lotto would love to have. I think that 235 00:11:56,400 --> 00:11:59,000 Speaker 4: the punters would definitely like it. I think the dream 236 00:11:59,080 --> 00:12:02,160 Speaker 4: of getting rich from Lotto. People probably stick with Lotto 237 00:12:02,240 --> 00:12:04,360 Speaker 4: if they think that he you know, is a chance 238 00:12:04,400 --> 00:12:06,640 Speaker 4: we could win, they get even though it's probably least 239 00:12:06,720 --> 00:12:09,040 Speaker 4: likely we're going to win the big prize every week 240 00:12:09,160 --> 00:12:12,040 Speaker 4: or for for six million dollars every weekend of course 241 00:12:12,160 --> 00:12:14,760 Speaker 4: is that they're going to change Powerball, so things with 242 00:12:15,360 --> 00:12:18,640 Speaker 4: like fierce Division or strike for those other options won't 243 00:12:18,679 --> 00:12:19,160 Speaker 4: be changing. 244 00:12:19,360 --> 00:12:20,600 Speaker 1: Thanks for joining us, Neil. 245 00:12:23,679 --> 00:12:28,079 Speaker 2: Lotto and Z's chief innovation and product Officer Ben Coney 246 00:12:28,160 --> 00:12:31,160 Speaker 2: said the ideas about evolving the game so that it 247 00:12:31,160 --> 00:12:34,760 Speaker 2: can remain compelling to players. The prize value is not 248 00:12:34,840 --> 00:12:38,079 Speaker 2: eroded through inflation, and the odds of winning move in 249 00:12:38,160 --> 00:12:39,760 Speaker 2: line with population growth. 250 00:12:40,360 --> 00:12:42,920 Speaker 1: He said, Our enduring interest is. 251 00:12:42,840 --> 00:12:46,800 Speaker 2: In having a powerball game that is appealing to our customers, 252 00:12:47,000 --> 00:12:51,240 Speaker 2: generates consistent profit for distribution to the community, and allows 253 00:12:51,360 --> 00:12:56,000 Speaker 2: for responsible growth over time. The details of exactly what 254 00:12:56,440 --> 00:12:59,680 Speaker 2: they'll change and what it would mean for customers is 255 00:12:59,720 --> 00:13:03,240 Speaker 2: still to be confirmed, as they are subject to regulatory 256 00:13:03,280 --> 00:13:11,000 Speaker 2: consultation and ministerial approval. That's it for this episode of 257 00:13:11,040 --> 00:13:14,520 Speaker 2: The Front Page. You can read more about today's stories 258 00:13:14,559 --> 00:13:18,840 Speaker 2: and extensive news coverage at enzedherld dot co dot nz. 259 00:13:19,640 --> 00:13:23,400 Speaker 2: The Front Page is produced by Ethan Sills and Richard Martin, 260 00:13:23,640 --> 00:13:25,520 Speaker 2: who is also our sound engineer. 261 00:13:26,000 --> 00:13:27,520 Speaker 1: I'm Chelsea Daniels. 262 00:13:28,080 --> 00:13:31,240 Speaker 2: Subscribe to The Front Page on iHeartRadio or wherever you 263 00:13:31,280 --> 00:13:35,080 Speaker 2: get your podcasts, and tune in tomorrow for another look 264 00:13:35,120 --> 00:13:36,400 Speaker 2: behind the headlines.