Wednesday, July 6, 2011

Powerball Doubles it’s Cost

Powerball ticket price to double in January

The price of Powerball lottery tickets will double next year.

Lottery officials said ticket prices will go from $1 to $2 starting Jan. 15. The starting jackpot will also double, from $20 million to $40 million.

A slight rule change will also go into effect that raises the chances of winning.

The first five numbers still will be picked from a pool of 59, but the Powerball number will be chosen from a pool of 35 numbers instead of 39. That means the odds of winning a prize will be 1 in 31.8. The current game produces a 1-in-35 chance of winning a prize.

Powerball is played in Minnesota, Wisconsin and 40 other states, plus Washington, D.C., and the U.S. Virgin Islands. The game celebrates its 20th anniversary next year

Courtesy of JSOnline

I’ll be done buying them! When it hits 60 to 80 million I would buy $5.00 on Powerball and $3.00 on Megabucks.

Now the same will cost me $13.00...no way. AND if you buy 5 numbers with Power play number, the cost will be $15.00 verses $10.00. You would be better of saving 4 weeks worth of your cabbage and go to the casino, I think you would have a better chance of winning some money. You won’t win 80 mil, but you’ll have more fun spending your hard earn cash!

4 comments:

hale-bopp said...

Lottery: A tax on people who are bad at math.

jedwis said...

Lottery: Not playing means more money for alcohol.

Thanks Hale, very funny

drewzepmeister said...

"Lottery: A tax on people who are bad at math."

"Lottery: Not playing means more money for alcohol."

Ain't that the truth...

OrbsCorbs said...

When people said, "You can't win if you don't play," a guy I know would always respond, "You can't lose, either."

I used to play occasionally but can no longer afford it. Gambling is about the only vice that I don't have.