By Free Republic | Created at 2024-09-28 03:16:49 | Updated at 2024-09-30 13:21:18
2 days ago
Mega Millions Is Raising Ticket Prices From $2 To $5
OANN ^ | September 27, 2024 | James Meyers
Posted on 09/27/2024 5:51:04 PM PDT by Red Badger
A spokesperson for Mega Millions announced that the price of tickets will soon cost $5 instead of $2, also adding that the starting jackpot will increase from $20 million to $50 million and will continue to grow based on sales.
Additionally, the odds of winning the jackpot will go up from 1 in 302 million to 1 in 290 million.
Every ticket will have a built in “randomly generated multiplier” to increase non-jackpot wins, with multipliers ranging from 2X to 10X, according to the spokesperson.
The new price to play is set to debut sometime in 2025, promising to “bring more value and excitement to players,” said the Mega Millions gaming commission.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts
TOPICS: Business/Economy; Society; Sports
KEYWORDS: lottery
Hey! FReepers!
Help Fill The Tank!
How About It? Huh?
It Ain't Askin' Too Much
Ya Know....
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Navigation: use the links below to view more comments.
first 1-20, 21-34 next last
1 posted on 09/27/2024 5:51:04 PM PDT by Red Badger
To: Red Badger
Run by government right? Is it right?
2 posted on 09/27/2024 5:52:21 PM PDT by DIRTYSECRET
To: Red Badger
Raise price 2.5x. Call it value.
3 posted on 09/27/2024 5:54:31 PM PDT by scott7278 (Those who beat their swords into plowshares usually end up plowing for those who kept their swords.)
To: Red Badger
If I won the lottery, I’d be able to afford to play the lottery
4 posted on 09/27/2024 5:55:32 PM PDT by gundog (It was a bright cold day in April, and the clocks were striking thirteen. )
To: DIRTYSECRET
5 posted on 09/27/2024 5:57:47 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Red Badger
They should lower the price to a dollar. Give higher payouts to winning numbers add more ways to win. Bigger profit.
6 posted on 09/27/2024 5:58:35 PM PDT by VastRWCon (Fake News)
To: Red Badger
The government is incapable of running a profitable cat house much less a lottery.
7 posted on 09/27/2024 5:58:47 PM PDT by yuleeyahoo (“Pay no attention to the man behind the curtain!” - the deep-state)
To: Red Badger
Additionally, the odds of winning the jackpot will go up from 1 in 302 million to 1 in 290 million.
Math is hard. And I like those odds. But not for $5 bucks.
8 posted on 09/27/2024 5:59:28 PM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
To: DIRTYSECRET
Be interesting to see if ticket sales decline noticeably. I can afford to waste 2 bucks but no way in heck am I wasting 5 bucks multiple times a week. I’m more likely to get hit my lightning. Guess I should thank them for helping me stop wasting money !
9 posted on 09/27/2024 5:59:41 PM PDT by Newbomb Turk
To: scott7278
Who else could raise the price and call it a “value?” In California the lottery when initiated was supposed to get rid of the need to fund schools through taxation. Never happened.
George Carlin had it right: never trust the government for anything.
10 posted on 09/27/2024 6:00:37 PM PDT by Fungi
To: Newbomb Turk
I’m with you. Powerball only from now on.
11 posted on 09/27/2024 6:01:42 PM PDT by Veto! (Kamalaladingdong Sucks Rocks)
To: Red Badger
12 posted on 09/27/2024 6:02:09 PM PDT by Chickensoup
To: Red Badger
Gamblers had better odds when the Mafia was running the numbers rackets.
13 posted on 09/27/2024 6:02:22 PM PDT by SamAdams76 (7,525,799 Truth | 87,979,589 Twitter)
To: Red Badger
If any of you win, allow me to introduce myself. I’m your long lost, beloved cousin.
14 posted on 09/27/2024 6:04:03 PM PDT by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
To: Newbomb Turk
$5 is the new $2 in Bidenomics
15 posted on 09/27/2024 6:04:14 PM PDT by xp38
To: lowbridge
We’re all cousins at some point. I recall reading ages ago when you get out to the 50 something removed cousin level the entire population of the world is included. So hey cuz. :)
16 posted on 09/27/2024 6:08:01 PM PDT by xp38
To: scott7278
Additionally, the odds of winning the jackpot will go up from 1 in 302 million to 1 in 290 million.
That's the line that I found really interesting. Currently, if you spend $10, you get 5 tickets, each with a 1 in 302 million chance to win the jackpot, so you have a one in 60.4 million chance. After the change, you'll get 2 tickets for your $10, each with a one in 290 million chance, so your chance to win is now one in 145 million.
No, thanks. I buy maybe one Mega Millions ticket a month now (bought one earlier today, in fact), but I won't play it ever again after they "improve" it.
To: scott7278
It was either that, or print smaller tickets.
18 posted on 09/27/2024 6:11:49 PM PDT by monkeyshine (live and let live is dead)
To: Red Badger
And teachers are still complaining they have to spend their own money on supplies?
19 posted on 09/27/2024 6:12:03 PM PDT by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
To: VastRWCon
Foreign lotteries cost more. but have many more, smaller winners. It’s more of a huge raffle though, as there’s a limited # of tickets.
20 posted on 09/27/2024 6:23:12 PM PDT by mykroar ("It's Not the Nature of the Evidence; It's the Seriousness of the Charge." - El Rushbo)
Navigation: use the links below to view more comments.
first 1-20, 21-34 next last
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
