Mega Millions tickets will more than double in price in 2025
The cost of a Mega Millions ticket will increase from $2 to $5 beginning in April.
Transcript:
Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet this day.
Stocks rallied into the close on Tuesday but gains were tepid beforehand of key inflation data and quarterly corporate updates. On Wednesday, the Federal Reserve will liberate the minutes from the September meeting that brought the surprise 50 basis point rate cut. Investors will likely be also attempting to to find any hints on the mood of the shopper as Amazon wraps up its two-day Prime shopping event.
In other news - because the old saying goes, “The need arises spend money to generate income.” Well now that line of thinking applies to anyone hoping to hit it big by playing Mega Millions. Lottery officials announced that foundation in April, the value of a Mega Millions ticket will more than double - increasing from $2 to $5.
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Nevertheless, Mega Millions officials claim that bigger sticker price should lead to greater prizes, with one declaring “We predict more billion-dollar jackpots than ever sooner than, that suggests creating more billionaires and a kind of more millionaires because the jackpots climb, plus this game will continue the important legacy of supporting great causes in all places Mega Millions is played.’
It truly is barely the second price hike within the 22-year history of Mega Millions, with the value of a ticket going from $1 to $2 in 2017. Since that enlarge, there have been a total of six billion-dollar jackpots, with the prize climbing to a record $1.6 billion in 2023.
Just needless to assert - your probabilities of winning are in actuality, in actuality slim. The present odds of hitting the Mega Millions jackpot is 1 in 302.6 million.
That’ll do it to your On a on a day by day basis basis Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
Related: Here’s who just won $1.fifty eight billion within the Mega Millions lottery
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