Mega Millions About To Get Tougher To Win And More Expensive
Oct 26, 2017 05:09AM ● Published by Bill Gilman
The Massachusetts State Lottery announced this week that changes are being made to the Mega Millions multi-state lottery drawing that will make it more difficult to win.
Oh, yeah, and more expensive, also.
Beginning on Saturday, Oct. 28, a chance to win the jackpot prize will jump to $2, the same as the multi-state Powerball lottery drawing.
According to Mega Millions officials, there will be slight changes to the format of the game, so that the odds of winning the jackpot prize will go from 1 in 258.9 million in this week's drawings to 1 in 302.6 million under the new rules.
That will actually make the game tougher to win than Powerball, which features jackpot odds of 1 in 292.2 million.
As of Oct. 24, the Mega Millions jackpot stood at $25 million. In theory, the tougher odds and the higher prices will lead to bigger jackpots down the road.
There is some good news, the odds of winning the second prize of $1 million or more will actually go up under the new format.
Mega Millions will also introduce a new $3 ticket that gives players two chances at the big jackpot, rather than one. However, there is a catch. The $3 ticket holder is only eligible to win the jackpot prize, not any of the secondary prizes, ranging from $1 up to $1 million or more.
Under the present format, a Mega Millions ticket has a 1 in 14.7 chance of winning some type of prize. Under the new format, those odds will drop to 1 in 24.