"Spending 5 bucks to become a millionaire or billionaire, that's pretty good," said Joshua Johnston, director of the Washington Lottery and lead director of the group that oversees Mega Millions.
Mega Millions aims to improve odds and increase ticket revenue by raising the ticket price to $5, encouraging larger jackpots and more frequent winners.
Officials are confident that the price increase will not deter players, as it is part of broader changes intended to boost the appeal of Mega Millions.
Changes are necessary as current jackpot figures fail to generate excitement among players, leading to a need for higher jackpots to draw ticket purchasers.
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