Mega Millions tickets will climb to $5, but officials promise bigger prizes and better odds
Briefly

"Spending 5 bucks to become a millionaire or billionaire, that's pretty good," said Joshua Johnston, director of the Washington Lottery, discussing the new Mega Millions pricing.
"By increasing ticket revenue and rejiggering the odds... more people will win jackpots even as prizes grow extraordinarily high, which attracts more players," officials explained about the Mega Millions changes.
Mega Millions will soon cost $5 per ticket, a move aimed at improving jackpot odds, increasing payouts, and addressing declining ticket sales.
As interest rates fall, state lotteries are concerned that emphasizing annuity payouts in advertisements may affect perceived jackpot values.
Read at The Mercury News
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