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.
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Well, Crud! I now have to waste $5 to NOT win Millions?
*SMIRK*
Greedy MFers
If I win the lottery I’ll farm til it’s all gone!
Was wondering who made the call on this. Had to dig to find this out: “Mega Millions is a consortium of lotteries, there is generally no “central office” or spokesperson.”
Correct. They are intentionally misleading their customers
Not even that good...as each ticket individually would still only be that chance. Your chances don’t actually go up that much with buying two tickets, because it is still the chance of the numbers randomly being drawn to match them. I don’t know how to show the math on that but your chances do not anywhere near double with two tickets.
The odds don’t really work that way. 5 tickets would only increase your odds to 1 in 301,999,995 instead of 1 in 302 million. 2 tickets would increase your odds to 1 in 289,999,998. Neither one is a “good” bet, but an interesting diversion if you are so inclined.
Not sucking it up fast enough, eh? Will BJ Harris call you gougers?
LOL- if i won the lottery, I’d be arrested for using stolen money to buy the ticket in the first place-
it was bad enough not winning for $1- now they want us to not win for $5? Nope!
One chance in 190 million vs. two chances in 290 million. That’s the math on that.
Absurd.
Sorry, I made a typo. Should be: One chance in 290 million vs. two chances in 290 million.
Dumbest idea since fjb for president.
I must be missing something. If the odds of winning are 1 in 302 million, with 5 tickets the absolute chance of winning is 5 in 302 million.
Yes, the relative chance of 5 tickets versus 1 ticket has quintupled (5x), but absolute chances haven't significantly improved at all.
In this case, the price of the ticket will go up to $5, so for $10 you only get two tickets instead of 5, decreasing your relative chances by 2.5 (5 divided by 2).
The article states the odds will go from 1 in 302 million to 1 in 290 million. If you will only buy two tickets due to the higher cost, your absolute chances will go from 5 in 302 million (0.0000017%) today to 2 in 290 million (0.0000007%) when the new prices start in 2025.
You will be paying more for less. More Bidenomics of course.
Mega Millions Is Raising Ticket Prices From $2 To $5
Bidenomics?
Every ticket will have the same odds, 290 million to 1. Chances don’t mean squat. Chances and odds are two very different things. If you buy two tickets your odds on each ticket remains 290 to 1. If you buy 20 tickets each ticket has odds of 290 to 1. That’s why it’s silly to buy 10 or 20 tickets.
Scratch offs by the way have the best odds to win something. Power Ball and now certainly Mega Millions are for suckers.
I often buy a MegaMillion or Powerball $2 ticket, but $5 sounds more like an investment with guaranteed lousy returns so no thanks.
Yes, that restates what I said.
Eons ago I used to play $20 worth of blackjack once or twice a year. When the minimum bet hit $5 I quit, and haven’t been tempted since. When the lottery jackpots hit a billion or so I used to buy one or two tickets. At $5 per I won’t be buying.
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