As of this Saturday, ticket prices for the Mega Millions have gone from $2 to $5 apiece. According to a press release, the price hike will lead to "better odds overall, larger starting jackpots, and faster-growing jackpots."
Winning the Mega Millions jackpot grants access to a life-altering sum of money, but potential winners should prepare for hefty tax deductions that could claim a significant part of their prize.