Mega Millions changing game, ticket prices

Mega Millions changing game, ticket prices

LITTLE ROCK (KAIT/AP) - Your chances of becoming a mega-millionaire will soon improve. However, it will cost you more.

The Arkansas Scholarship Lottery announced Monday in Little Rock that the Mega Millions game will change in October.

According to a news release from ASL, the key changes will include "better odds at winning $1 million, higher average jackpots, and faster-growing jackpots with $5 million minimum rolls."

Jackpots will also start at $40 million, more than double the current $15 million.

With the increase in jackpot size, however, comes an increase in ticket price.

The cost of a Mega Millions ticket will double from $1 to $2 per play. The Megaplier cost of $1 will remain the same.

Lottery spokesman J.B. Landroche says the changes are meant to bring players more value.

State records show that Mega Millions ticket revenue has been less than Powerball revenue for the last eight fiscal years. Mega Millions had more than $14 million in revenue in fiscal 2017, while the Powerball had almost $33 million in revenue.

The game changes will go into effect on Tuesday, Oct. 31.

Copyright 2017 KAIT. All rights reserved.The Associated Press contributed to this report.

Watch Region 8 News On Demand: On your Desktop | On your Mobile device

Region 8 News App - Install or update on your: iPhone | Android