Mega Millions tickets will more than double in cost to $5
Mega Millions tickets, which currently cost $2, will increase to $5. This is more than double the original price, reflecting changes aimed at enhancing the game experience and jackpot offerings.
The price hike is expected to fund significantly larger starting jackpots. Instead of the current $20 million starting amount, the jackpots could begin at $50 million or higher, making the stakes even more exciting.
In addition to higher jackpots, secondary prizes for matching fewer numbers are expected to increase. For example, the payout for matching five numbers (excluding the Mega Ball) could rise from $1 million to $2 million.
Though the odds of winning the jackpot (1 in 302.6 million) are not expected to change, the increase in ticket costs may fund more substantial payouts for smaller prize tiers.
The price increase may come with additional gameplay features, such as more number combinations or optional add-ons like "Power Play" or "Multiplier" features to boost winnings.
Lottery officials have stated that the price increase will support larger jackpots and more robust prizes, catering to players who crave higher-stakes games and more excitement.
While the price hike could deter some occasional players, larger jackpots may attract new players and keep loyal ones engaged, potentially offsetting any decline in ticket purchases.
The price hike aligns with trends in the lottery industry, where ticket prices for other games like Powerball have also increased over time to fund bigger jackpots and improved player experiences.