What's happened
Starting in April 2025, Mega Millions tickets will cost $5, up from $2. This change aims to improve jackpot odds and increase prize sizes. Powerball prices will remain unchanged. The decision comes amid declining ticket sales and a need to attract more players.
Why it matters
What the papers say
According to Nathan Bomey from Axios, the Mega Millions lottery will increase ticket prices to $5 starting in April 2025, aiming to enhance jackpot odds and attract more players. Joshua Johnston, director of the Washington Lottery, emphasized that spending $5 for a chance at significant winnings is reasonable, likening it to the cost of a coffee. The Independent noted that this change comes as fewer people are buying tickets, with larger jackpots failing to generate the excitement they once did. Meanwhile, Powerball will maintain its current pricing structure, as reported by The Independent, indicating a strategic differentiation between the two major lotteries.
How we got here
The Mega Millions lottery has been a popular game since its inception in 2002. Recent trends show a decline in ticket sales, prompting officials to consider changes to attract more players and enhance the game's appeal.
Common question
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Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It is coordinated by the Multi-State Lottery Association, a nonprofit organization formed by an agreement with US lotteries.