You'll have to spend more to win big, as Mega Millions plans to raise its ticket price as part of a revamp that promises bigger prizes, the lottery announced Monday.
There will be bigger prizes won more frequently, along with slightly improved odds of winning, according to the consortium that runs the lottery.
Perhaps the most significant change affecting the most players is the automatic prize multiplier, which currently costs an additional $1 on top of a $2 ticket.
Starting in April, this multiplier will be built into the ticket price, automatically boosting non-jackpot winnings.
For example, if you match the numbers on three white balls and the Mega Ball, you currently win a $200 prize.
Persons:
they'll
Organizations:
CNBC, U.S .
Locations:
Washington, U.S, U.S . Virgin