Powerball tickets to double in price
Powerball drawings are on Wednesday and Saturdays.
January 2nd, 2012
07:44 AM ET

Powerball tickets to double in price

Lottery players, your chance for millions is about to cost you twice as much.

The Multi-State Lottery Association, which administers the Powerball game, says the price of a single ticket will double to $2 beginning January 15.

"After 20 years at the same price and after watching scratch ticket sales take off with $2, $3, $5, $10, $20, and even $50 tickets, we are going to make the big jump," the association says on its website.

When the price increases, jackpots will start at $40 million, up from $20 million now, and will increase twice as fast, lottery officials say. The average jackpot is predicted to be $255 million, nearly double the current $141 million. The lottery association hopes that will increase sales.

"We know that most folks play for the big jackpots and this game will have more of those more often," it says on its website.

Officials say the odds of winning the jackpot will decrease slightly as the number of red balls, or powerballs, will decrease from 39 to 35.

They also say the pricier game should produce more millionaires, as second prize - for matching the five white balls without the powerball - increases from $200,000 to $1 million.

The Power Play option, which doubles all prizes except the jackpot, will remain, for an additional dollar on the ticket purchase, according to the lottery's website.

Powerball drawings are at 10:59 p.m. ET Wednesdays and Saturdays. Powerball is available in 42 states plus the District of Columbia and the U.S. Virgin Islands.

Officials say the cost of a single ticket for the MegaMillions game, drawn on Tuesday and Fridays, will remain at $1. Forty states plus the District of Columbia and the U.S. Virgin Islands participate in MegaMillions.
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Filed under: Gambling • Lotto
soundoff (289 Responses)
  1. Kenny

    I haven't received my first million and now they are working on my second million. OOOoopppps I ment I haven't finished paying my first million and now I'm paying on my second million. hehehe

    January 2, 2012 at 7:57 am | Report abuse |
  2. Dee

    So "a dollar and a dream" is no longer enough?

    January 2, 2012 at 7:57 am | Report abuse |
    • ﺶCHEﺶ

      According to these GREEDY Fat CATS seeking HUGE retirement bonuses and golden parachutes so that they can sit on stinky FAT Assess during retirement.
      It’s a conspiracy of GREED by GREEDY Fat CATS ………. period!
      A call for BOYCOTT of PowerBall by the masses!

      January 2, 2012 at 2:19 pm | Report abuse |
  3. vet4life63

    If the average jackpot is more, than it will be worth the extra $1. However, that's only if you win. I wonder if the $7 prize ( which is what I usually get if anything) will double? Maybe I will win by the time I need extra money for depends.

    January 2, 2012 at 8:00 am | Report abuse |
    • ﺶCHEﺶ

      FYI: They ONLY increase the weekly Jackpot by a mere $10M. Meaning ONLY $10M was generated from previous sales. You do the math and you will realize these GREEDY FAT Cats have been ripping us off for years. And now with corrupt greedy mind set and deceit; they want to double GREEDY FAT coffers by $M’s. It smells like one of those Newt. Gingrich dirty deceitful tricks being played alive in 2012. It’s a conspiracy of GREED by GREEDY Fat CATS ………. period!
      A call for BOYCOTT of PowerBall by the masses!

      January 2, 2012 at 2:33 pm | Report abuse |
    • Ali

      You do realize that the proceeds are distributed to the states who participate. The states decide how the proceeds will be spent.

      January 2, 2012 at 3:51 pm | Report abuse |
  4. Joey Isotta-Fraschini ©™

    I never buy more than two or three lottery tickets in a row without winning.
    Then I don't play again for years.
    I don't see rich people buying lottery tickets. I'm always impressed by how strongly the buyers insist that they get exactly the numbers they requested.

    January 2, 2012 at 8:00 am | Report abuse |
  5. BiG_Weasel

    Oh no! Now the poor people have to decide between beer, meth and lottery tickets? This is nothing but a voluntary tax on them, and if they can't see it, then they're as stupid as the lottery commission thinks they are.

    January 2, 2012 at 8:02 am | Report abuse |
  6. Lou

    Didn't the Powerball people learn something from Bank of America or Verizon? You are not going to increase the number of tickets, you are going to cut the number of dollars coming in by half.

    January 2, 2012 at 8:03 am | Report abuse |
    • Jason

      Not really an equivalent argument. BoA and verizon forced fees on people. No one is forcing you to buy a lottery ticket. Your theory is bunk.

      January 2, 2012 at 1:41 pm | Report abuse |
    • Ali

      Or the jackpot will increase twice as fast. Most people I know only buy tickets when the jackpot gets really high. No one is expecting to win. But a couple of $s for a chance to win millions is exactly that.

      January 2, 2012 at 3:55 pm | Report abuse |
  7. Brad

    Glad to see that they are looking out for the players. I have never had more than 3 numbers and that's only been a few times. Not enough winners, not worth the money. It may go the way of Bank of America...................

    January 2, 2012 at 8:09 am | Report abuse |
  8. Dan Dallaire

    If anyone believes the spin about larger jackpots, faster, I have a bridge in Brooklynn for sale? This is JUST about DOUBLING the take for the company commissioned to run the lottery, and those states involved.

    I for one will no longer be buying them.

    January 2, 2012 at 8:10 am | Report abuse |
  9. Joe Wolfe

    I guarentee this was done to increase their profits. You will be paying more for less. If they used to give away 50 cents on the dollar now it will be 40 or 30 cents on the dollar. I for one am tired of the lies people tell to make money. And politics too. Since when did a politician fix anything? They spend money and make more laws. Always spend more and make more laws. Thats what they do!

    January 2, 2012 at 8:19 am | Report abuse |
  10. Hugh Jass©

    No problem. Now I will be saving TWICE as much money on Powerball tickets.

    January 2, 2012 at 8:24 am | Report abuse |
  11. NukeTim

    Bye bye Powerball. You will lose ME on Jan 14th.

    January 2, 2012 at 8:24 am | Report abuse |
  12. ronvan

    Does this mean that my chances of being hit by lightning will double?

    January 2, 2012 at 8:32 am | Report abuse |
  13. Harpman

    That's not fair. That means we will be bleeding the poor at twice the current rate. When I visit the convenience stores, I see people who appear not to have much, spending their money on beer, cigarettes and lottery tickets. What a shame. The human is such a noble animal.

    January 2, 2012 at 8:34 am | Report abuse |
    • Floyd

      I agree man that they are being used as the scam is put forth as a good thing but yet bankers and politicians connections are the only ones that are in on the take. The rest are the ones that make it happen and they are the losers.

      January 2, 2012 at 7:07 pm | Report abuse |
  14. stephen - nyc

    Wouldn't it be SATURDAY, JANUARY 14 that the new prices go into effect? Jan 15 is a SUNDAY, so there is no Powerball drawing that day.

    January 2, 2012 at 8:35 am | Report abuse |
    • James R. Hunt

      No.Jan 14th is last drawing day for 1$ powerball. From the 15th on it will cot 2$

      January 2, 2012 at 9:15 am | Report abuse |
  15. stephen - nyc

    Wouldn't it be SATURDAY, JANUARY 14 that the new prices go into effect? Jan 15 is a SUNDAY, so there is no Powerball drawing that day.
    Ok, correction: according to the nys lottery website, "Beginning January 15, the ...", which means Wednesday Jan 18's drawing. Of course, to play in that drawing you start buying the tickets on Jan 15.

    January 2, 2012 at 8:38 am | Report abuse |
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