Powerball out paces MegaMillions because of MM's price hike to $5/tix
'But since Mega Millions’ 150% price hike in April, Powerball ticket sales have pulled way ahead.
Mega Millions has sold 495 million tickets since the April 8th change, bringing in $2.5 billion in revenue.
During the same period Powerball has sold just over 2 billion tickets, bringing in $4.1 billion'
Shocker that the lottery's target audience (the poor) prefers $2/tix than $5/tix
Quote: 100xOddshttps://lite.cnn.com/2025/12/13/business/powerball-billion-dollar-jackpot-mega-millions
'But since Mega Millions’ 150% price hike in April, Powerball ticket sales have pulled way ahead.
Mega Millions has sold 495 million tickets since the April 8th change, bringing in $2.5 billion in revenue.
During the same period Powerball has sold just over 2 billion tickets, bringing in $4.1 billion'
Shocker that the lottery's target audience (the poor) prefers $2/tix than $5/tix
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From what I originally read, they thought people wanted to win small prizes more often. Guess they didn't think raising the price that much would bother people. Or they just didn't think enough.
Quote: rxwineQuote: 100xOddshttps://lite.cnn.com/2025/12/13/business/powerball-billion-dollar-jackpot-mega-millions
'But since Mega Millions’ 150% price hike in April, Powerball ticket sales have pulled way ahead.
Mega Millions has sold 495 million tickets since the April 8th change, bringing in $2.5 billion in revenue.
During the same period Powerball has sold just over 2 billion tickets, bringing in $4.1 billion'
Shocker that the lottery's target audience (the poor) prefers $2/tix than $5/tix
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From what I originally read, they thought people wanted to win small prizes more often. Guess they didn't think raising the price that much would bother people. Or they just didn't think enough.
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I thought raising the price from $2 to $5 was a mistake. Just too big of a jump. Time will tell.
The probability of winning is about 1 in 300 million.
That's worth less than 10 cents. And they want FIVE DOLLARS for that? I know there are lower prizes, but come on, people don't play these games trying to win ten bucks. They want to win the jackpot.
Even if the jackpot climbs to $600 million, which is really $300 million because of the stupid annuity feature, that's a prize that's worth one dollar on a FIVE DOLLAR ticket.
Idiots!
Quote: KevinAAThe jackpot starts at $50 million, which is really $25 million since the jackpot is paid out in a 30 year annuity.
The probability of winning is about 1 in 300 million.
That's worth less than 10 cents. And they want FIVE DOLLARS for that? I know there are lower prizes, but come on, people don't play these games trying to win ten bucks. They want to win the jackpot.
Even if the jackpot climbs to $600 million, which is really $300 million because of the stupid annuity feature, that's a prize that's worth one dollar on a FIVE DOLLAR ticket.
Idiots!
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I also think raising the price from $2 to $5 was an idiotic thing for the Lottery Officials to have done. We are in a RECESSION and these IDIOTS thought that more than doubling the price was a GOOD IDEA. MORONS. 🤦♀️
