Coloradans Will Soon Pay More to Try to Win Mega Millions
I do not know a single person who has never dreamed of winning the lottery and hitting it big with a gigantic jackpot. Lavish homes, cars, and vacations are all on our bucket list. Who would pass up an opportunity to spend two dollars on a chance at hundreds of millions of dollars in winnings?
Soon, you are going to be spending more to play one lottery game in Colorado. More than double the price. According to 9 News, one of the most played lottery games nationwide will cost more per ticket. Currently, the Mega Millions lottery tickets are $2 each. Starting in April 2025, the Mega Millions lottery tickets will be more than double the price at $5 per ticket.
Higher Prices for Mega Millions Lottery Tickets
The price increase on the Mega Millions Lottery is just one of the many changes according to lottery officials. While not a lot of information has been released, we do know that there could be improved jackpot odds, more frequent large prizes, and the biggest draw of them all for a $5 ticket, larger payouts than ever before with Mega Millions.
Research has shown that people feel comfortable with spending at least $5 for scratch-off tickets and other draw games. Ticket purchases for lottery games have been hit or miss depending on the size of the jackpots in recent history. Jackpots that have reached $1 billion have had lackluster responses from those who only play these games when the jackpot is large. While the information on the larger payouts for the Mega Millions lottery has not been revealed, we can only assume there will be a possibility of more billion-dollar jackpots in the future. Now, if Colorado could get one of those winners in the near future, that would be awesome.
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