Mega Millions redesign means bigger jackpots, higher ticket price

Mega Millions ticket will double from $1 to $2 beginning with Oct. 31 drawing

Mega Millions price hike comes amid declining revenue

The starting jackpots will more than double, from $15 millino to $40 million, and the jackpots will grow faster, according to Mega Millions officials.

And it's the big jackpots that bring lottery buyers into the game. Tickets will go up to $2 and players will be able to purchase tickets for up to 14 consecutive draws - basic Powerball tickets have been $2 since January 2012.

The overall odds of winning any prize will also worsen to 1 in 24.

The Mega Millions started as the The Big Game in August 1996 with six member states.

Mega Millions players will soon see changes in the game. The "Just the Jackpot" option will only be offered in Texas, Georgia, South Dakota, Ohio, Nebraska an MA to start, but can be added by other states going forward.

The move by the multi-state consortium that oversees the game, which is offered in OH and more than 40 other states, is meant to increase jackpots, which will draw more bets. Under the change, players will select from 70 numbers for their first pick, and then from 25 numbers for their Mega Ball pick.

The odds of winning the second-place $1 million prize will get better - from 1-in-18.5 million to 1-in-12.6 million. Mega Millions President Debbie D. Alford says it's all about keeping up with players' tastes.

The Mega Millions jackpots are set to be bigger than ever, but it'll come at a cost to players. Drawings are held every Tuesday and Friday. The $2 ticket price did not change.

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