Get ready for longer lottery lines.
New rules that go into effect April 8 will double the minimum jackpot amount of the Mega Millions game to $50 million. The current minimum jackpot begins at $20 million.
Should that minimum jackpot not be won, the totals are expected to get even bigger than they have hit historically.
“Jackpots are expected to grow faster and get to higher dollar amounts more frequently in the new game,” the company said in a press release.
How big? Mega Millions estimates the average jackpot win in the new game will be in excess of $800 million, compared to $450 million today. In addition, non-jackpot winners could pocket more as non-jackpot wins will automatically multiply their base prize with a random multiplier that could increase it ten-fold.
Prizes in the new game will range from $10 to $10 million vs. the $2 to $1 million in the current game.
“Beyond big jackpots, players told us they want bigger non-jackpot prizes and that's exactly what this new game delivers,” said Joshua Johnston, Lead Director of the Mega Millions Consortium. “Players who had won … $500 under the old rules will now take home $1,000; $1,500; $2,000; $2,500 or $5,000 in this new game.”
Overall odds of winning any prize will improve as well, the company said. Those currently stand at 1 in 24. With the changes, that drops to 1 in 23.
The last time Mega Millions changed its rules was in 2017. The company says in that time, over 1,200 players have become millionaires.
Higher payouts mean higher prices, though. The price of a Mega Millions tickets will jump from $2 to $5 per play.
This story was originally featured on Fortune.com
Hence then, the article about mega millions is doubling the price of its lottery tickets but making it easier to win with jackpots exceeding 800 million was published today ( ) and is available on Fortune ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Mega Millions is doubling the price of its lottery tickets but making it easier to win with jackpots exceeding $800 million )
Also on site :
- Gold Star Distribution Inc., Issues Recall of Certain FDA-Regulated Products in Three States Including Drugs, Devices, Cosmetics, Human Foods, and Pet Foods
- ’Beverly Hills, 90210’s Jason Priestley Shares Bold Callout After ‘Worst’ Travel Experience
- Central African Republic election: Who’s running and what’s at stake?