Close Menu
Sunshine News Network
  • Home
  • Daily
    • Entertainment
  • Florida
  • Latest News
    • Opinion
  • Politics
  • Sports
  • Trending
  • USA
  • Business
  • Crime

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

“Ready to name”: Pinellas Rep. Luna pushes to ban stock trading in Congress

August 3, 2025

Orange County Demings agrees to sign an immigration enforcement agreement following a dispute with DeSantis

August 3, 2025

Publix reports higher sales and profits

August 3, 2025
Facebook X (Twitter) Instagram
  • Home
  • Daily
    • Entertainment
  • Florida
  • Latest News
    • Opinion
  • Politics
  • Sports
  • Trending
  • USA
  • Business
  • Crime
Facebook X (Twitter) Instagram Pinterest
Sunshine News Network
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Crime
Sunshine News Network
Home » Will the new Mega Million Odds make you a winner? Don’t raise your hopes
Business

Will the new Mega Million Odds make you a winner? Don’t raise your hopes

adminBy adminApril 7, 2025No Comments5 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Scott McFetridge, Associated Press

Des Moines, Iowa (AP) — Lottery players will shoot another $1 billion jackpot and slightly better odds under the new mega million rules that will come into effect in Tuesday’s painting.

However, improvements are costly. Literally, players will have to pay $5 per ticket. This is more than twice the previous price. Meanwhile, the jackpot is expected to grow much larger and at a faster rate, with officials expecting sales to rise as large prizes stop on the truck.

“People want a really big jackpot,” said Joshua Johnston, Washington State Lottery Director, who leads the Mega Millions Games. “We expect to see a sales lift on this.”

Huge millions of lottery tickets
Pete Gruber points to a huge million lottery after purchasing at Mares Mart in Chicago on Sunday, April 6, 2025 (AP Photo/Nam Y. Huh)

How is Mega Millions changing?

The biggest change is a ticket price hike of $2 to $5. Lottery officials are hoping that Jump will increase revenue from games twice a week, and expect it will reduce the chances of winning a jackpot from one in 303 million to one in 290 million.

High ticket prices mean that the Jackpot can start at $50 million instead of the previous $20 million, and the Grand Prize is expected to grow faster. Whenever there are no big winners, the jackpot jumps to the larger mark. Officials expect it will often exceed the special attention-grabbing $1 billion threshold.

The new rules also increase prizes for tickets that don’t match all six numbers, with fewer winners guaranteed at least $10. Each ticket contains a randomly assigned multiplier that allows you to increase your prize up to 10 times. Multipliers do not apply to jackpots.

Will this make it easier to get a jackpot?

Yes, but that’s still incredibly unlikely: the odds of 1 in 290 million people still don’t be badly. And that’s true if you buy one ticket or 100.

“When you hear one in 290 million people, there’s no sense of what that means. There’s a greater sense of the fact that there are wins,” said Tim Chartier, professor of mathematics and computer science at Davidson College. “And while it’s true that it’s possible, the problem is that it’s extremely unlikely.”

How unlikely? According to Chartier, even under the new rules, the chance to hit a jackpot is similar to choosing one second for nine years. He said he never risks a few dollars at those odds.

Why does the game change?

The new rules have two main goals to address what the industry calls “jackpot fatigue” and to distinguish Mega Million from Powerball.

Jackpot fatigue is a phenomenon in which most players have to grow to a huge amount of prizes before they can buy and buy a few tickets. Recently, a $300 million prize once painted lines at Mini Mart.

With the new rules, authorities expect the average winning jackpot to rise from around $450 million to $800 million, Johnston said. And they believe that even lottery fatigue doesn’t match the more frequent billion-dollar awards.

“When you get to one billion people, it’s like, ‘Oops, that’s a lot of money,'” Johnston said.

Lottery officials said Sandy Yeman of Omaha, Nebraska, has a clear correlation between the larger jackpot and the higher sales.

“I’m happy with $1 million so others are happy,” she said. “One person who won $50 million is ridiculous.”

How rare is the $5 ticket price?

Mega Millions will be the most expensive lottery draw game in a country where random numbers are chosen to determine the winner.

Still, its prices are much lower than the scratch tickets offered by some states. For example, in Texas, some scratch tickets cost $100 each.

Outside the US, the Spanish Ergordo Christmas lottery limits the number of tickets sold, charging 20 euros for partial tickets and 200 euros for full tickets.

The higher prices for the Mega Millions leave Syedis Williams in East Point, Georgia, and are not sure if they will continue to buy multiple tickets a week. “I think one ticket is now $5, so I’ll buy one ticket a week,” he said.

How about Powerball?

After the new rules were implemented, there are some important differences between the two lottery games that were once very similar.

The biggest contrast is cost as Powerball requires a $2 ticket and a $3 ticket in Idaho and Montana.

That low ticket price will be smaller with a minimum prize, starting at $4 or less, or less than half of the lowest mega million award. However, Powerball players can pay extra dollars for “Power Play,” a random multiplier that can increase everything except the Grand Prize, like Mega Million.

The Powerball drawings continue three times a week on Monday, Wednesday and Saturday nights, while the Mega Millions will hold the drawings on Tuesday and Friday.

This change brings the jackpot odds for the two games a little closer, making the Powerball Jackpot odds a little worse than the new Mega Million odds of 1/292.2 million.

Let me remind you, what is the point of all this?

For players, it’s a chance to spend a bit of money on dreams of incredible abundance, acknowledging the reality that it’s almost certainly not going to happen.

For the US Virgin Islands where 45 states and Washington DC, and Mega Million is played, the game raises money for a variety of services, such as educational scholarships. Local lottery agencies run games in their respective jurisdictions, and decisions on how profits are divided are written in state law.

Associated writer Margery A. Beck contributed to the story from Omaha, Nebraska.

Original issue: April 7, 2025 10:01am EDT



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Business

Do you want to retire abroad? This is the first thing to consider – Orlando Sentinel

August 3, 2025
Business

Reader questions about trusts, taxes and QCD

August 2, 2025
Business

It’s Trump’s economy now. The latest financial numbers provide some warning signs – Orlando Sentinel

August 2, 2025
Business

Judges will suspend use of citizen insurance for binding arbitration

August 2, 2025
Business

Trump removes oversight of official employment data after weak reports

August 2, 2025
Business

What consumers can expect from import taxes as we set customs fees

August 1, 2025
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

“Ready to name”: Pinellas Rep. Luna pushes to ban stock trading in Congress

August 3, 2025

Orange County Demings agrees to sign an immigration enforcement agreement following a dispute with DeSantis

August 3, 2025

Publix reports higher sales and profits

August 3, 2025

PayPal launches cryptocurrency payments for US users

August 3, 2025
Latest Posts

Florida is growing to affordable prices. Do politicians notice?

July 10, 2025

Donald Trump, Paramount Global and the ’60 Minutes’ travesty

July 10, 2025

Record-breaking state funding updates hopes for Florida citrus crops

July 9, 2025

Welcome to Sunshine News Network – your trusted source for the latest and most reliable news in Florida.

At Sunshine News Network, our mission is to provide up-to-date, in-depth coverage of everything that matters to Floridians. From breaking news and local events to lifestyle trends and weather updates, we are here to keep you informed, engaged, and connected with the Sunshine State.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Crime
© 2025 sunshinenewsnetwork. Designed by sunshinenewsnetwork.

Type above and press Enter to search. Press Esc to cancel.