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. Twostones

    First the banks wanted to raise the debit card fees, then Verizon wanted to charge $2 for paying your bill electronically and now the Power ball tickets double in price. All of this happens when the economy sucks. I think i will double my wages. How do you think that will that work?

    January 2, 2012 at 11:19 am | Report abuse |
    • Never Tell

      Stop playing the lottery and you will recieve an immediate raise in your disposable income!

      January 2, 2012 at 12:57 pm | Report abuse |
  2. Hasai

    Wow; even the tax on stupidity is going up.

    January 2, 2012 at 11:19 am | Report abuse |
  3. otto

    the greed the poor lose ,the rich get richer...........congrees wins

    January 2, 2012 at 11:19 am | Report abuse |
    • BillyBob117

      Way past time for you to grow up.

      January 2, 2012 at 11:52 am | Report abuse |
  4. Roscoe Chait

    Well, that's the last straw. What do you do during a recession where millions of people are out of work, they are being thrown out of their homes and don't have enough food to feed their kids? Why, raise the price of a Powerball ticket. Make any kind of dream more impossible to reach. Therefore, I am taking my money elsewhere and spending it on a different lottery... but where will I find it? Oh, right. This is a monopoly. Must be a Republican invention.

    January 2, 2012 at 11:20 am | Report abuse |
  5. Melanie

    here we go again...another business wanting to up the anty on how much to charge for something. i play the powerball on a regular basis but will be banning it now that it is at $2. I'll stick to the texas lotto or mega millions from now on.

    January 2, 2012 at 11:21 am | Report abuse |
  6. miketofal

    what have your politicians and government contractors done with your state's lottery dollars? Have you seen improvements in your schools since the lottery came to your state? If the recent economic downturn caused a negative impact to your state's public school system, then the lottery system isn't worth anything to anyone but politicians and government vendors. If the odds are going to decrease, while the cost increases 100%, then someone is – or many someones are – skimming a lot of money from the lotteries.

    January 2, 2012 at 11:22 am | Report abuse |
  7. charlie

    So the amount I spend on Powerball tickets goes from $0 to $0.

    January 2, 2012 at 11:23 am | Report abuse |
  8. M

    They will just suck more money out of people who cannot afford it.
    Maybe this needs to go viral with a don’t play Powerball campaign.

    January 2, 2012 at 11:27 am | Report abuse |
  9. unretired05

    Sell a fourth the number of tickets at twice the price. That makes as much sense as a CEOs bonus at a company losing money. Or a bonus higher than profits.

    January 2, 2012 at 11:29 am | Report abuse |
  10. como1

    So it reads that economically there is no reason for a price increase. It is only because the others did it first. Neat. I like that, guess that is the reason I rarely play any lotteries.

    January 2, 2012 at 11:32 am | Report abuse |
  11. TexJB

    My guess is that people will spend the same amount of money, just get fewer chances to win. However, I would expect more people to buy tickets since the jackpots will be bigger. So, all-in-all, I'm betting on a wash...

    January 2, 2012 at 11:35 am | Report abuse |
  12. fineart

    I just questioned a friend that works for the P/B lottery and was told that they spend the money on what they want to spend it on. They are not worried because the millions of players can't stop playing anyways. They said that the crime rate would skyrocket if they discontinued the game. They had the nerve to say that people that play the game have low IQ's. They couldn't stop laughing. They all receive golden parachutes and bonuses at the end of the year.

    January 2, 2012 at 11:45 am | Report abuse |
  13. Jaynicia

    Well, so much for the Powerball...

    January 2, 2012 at 11:50 am | Report abuse |
  14. mike

    It's a good time to stop playing. The Lottery Commission and the States are getting greedy for revenue.

    January 2, 2012 at 11:53 am | Report abuse |
  15. Mike

    If the number of power balls (red balls) decreases, the odds of winning will INCREASE slightly – not decrease!

    January 2, 2012 at 11:53 am | Report abuse |
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