Mega Millions lottery ticket cost will increase to $5 in 2025

The Mega Millions estimated jackpot for Tuesday night’s drawing is nearly $130 million. A ticket to play costs just $2 — a bargain price that will more than double come 2025.

Lottery fans of the popular drawing will need to dig a little deeper beginning in April, when Mega Millions ticket prices will rise to $5 each, according to a Mega Millions release Tuesday.

In what the operators of the lottery numbers game call a “mega” makeover, a new and improved Mega Millions will launch in April. The “enhancements” include better odds of winning the jackpot and bigger jackpots that grow more quickly.

Players will see “a built-in multiplier on every play, automatically improving every non-jackpot win by 2X, 3X, 4X, 5X or 10X – up to $10 million for matching the five white balls,” Mega Millions said in the release.

In addition, according to the release, there will be no break-even prizes — whenever a player wins, the prize will be more than the cost of the ticket.

Mega Millions’ hope is that by increasing ticket revenue and rejiggering the odds — now set at 1 in 302.6 million — to something less stratospheric, more people will win jackpots even as prizes grow extraordinarily high, which attracts more players. The goal is to increase revenue and provide more money to state lotteries, which in turn spend it on a variety of government services.

Powerball officials said they have no plans to change that game’s odds or the $2 price for most tickets.

Mega Millions said the ticket price increase is only the second hike in more than two decades since the first ticket was sold. It is the first change in the new game matrix that was adopted in 2017.

“We are creating a game that both our existing players and people new to Mega Millions will love and get excited about playing,” said Joshua Johnston, lead director of the Mega Millions Consortium, in the release. “We expect more billion-dollar jackpots than ever before, meaning creating more billionaires and many more millionaires as the jackpots climb, plus this game will continue the important legacy of supporting great causes everywhere Mega Millions is played.”

Mega Millions has seen six winners of jackpots estimated at more than $1 billion, including most recently in March, when a ticket sold in New Jersey won a $1.12 billion prize.

Maryland is among the 45 states plus the District of Columbia and the U.S. Virgin Islands where Mega Millions is played. Drawings are held at 11 p.m. Eastern on Tuesdays and Fridays, and broadcast from Atlanta.

A trio of Marylanders won a record-breaking $656 million jackpot in 2012 that was split among co-workers who called themselves, “The Three Amigos.”

A spokesperson for the Maryland Lottery was not immediately available for comment.

“Spending 5 bucks to become a millionaire or billionaire, that’s pretty good,” Johnston said.

The Associated Press contributed to this article. Have a news tip? Contact Michelle Deal-Zimmerman at nzimmerman@baltsun.com and 240-741-9915.

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