How the Mega Millions Price Hike and New Rules Will Affect Jackpots and Odds

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Next month, Mega Millions will introduce multiple updates, which include revised ticket costs, prize money adjustments, and improved chances of winning, as stated by the multi-state lottery program.

Participants will require more than just $2 and hope to join in the game. Following the draw on April 4, ticket prices will increase to $5 apiece, as stated by Mega Millions. statement Tuesday. A voluntary addition aimed at boosting nonjackpot rewards by adding another dollar, along with a $3 option for playing two games for the jackpot prize, will be terminated.

For the increased cost, the game offers improved chances of winning. winning While your probability of winning any prize will increase slightly from 1 in 24 to 1 in 23, the likelihood of hitting the major jackpot remains extremely low—changing from 1 in 302,575,350 to 1 in 290,472,336. This adjustment brings the odds of taking home the Mega Millions jackpot more in line with those of winning the Powerball’s. odds are approximately 1 in 292.2 million.

What remains constant is that individuals are more prone to getting hit by lightning than they are to winning the jackpot; the probability of being struck by lightning stands at 1 in 15,300 over a lifetime, as stated by the authorities. National Weather Service .

Participants secure a Mega Millions jackpot by correctly picking the five white balls along with the golden Mega Ball. Winning even the minimum award can be achieved by simply selecting the correct Mega Ball. Adjustments in the game’s probabilities stem from eliminating one of the Mega Balls.

The prize amounts are being modified as well. The starting jackpot will now be at least $50 million, up from $20 million previously. According to Mega Millions projections, the typical jackpot win under these new rules should exceed $800 million, compared to approximately $450 million before. Additionally, a randomized multipler feature will be introduced for the lesser prizes.

Under the new game, players who previously won $2 would now receive $10, $15, $20, $25, or $50," stated Joshua Johnston, the lead director of the Mega Millions Consortium. "Individuals who used to win $500 according to the previous rules can expect payouts of $1,000; $1,500; $2,000; $2,500, or $5,000 in this updated version.

The Mega Millions draws take place every Tuesday and Friday at 11 PM Eastern Time. The initial draw following these modifications will occur on April 8th. Lottery tickets for this game can be purchased across 45 states, as well as in Washington, D.C., and the U.S. Virgin Islands.

The largest Mega Millions jackpot in history amounted to $1.602 billion and was claimed on August 8, 2023, after a solitary winning ticket was purchased in Florida.

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