Powerball Increases Prices and Winnings
Get the office pool prepared; a Powerball ticket will cost you two dollars instead of one dollar. The increase kicks in next year.
But the Louisiana lottery says it's a small price to pay for what will be a much, much larger return. Jack pots will start at 40 million dollars instead of 20 million dollars. And every increase will be at least 10 million dollars.
If your two dollars doesn't make you a big winner, Kimberly Chopin with the Louisiana Lottery told News2 there's still a chance to be a millionaire, saying "In addition they're gong to share the wealth. That Match 5 prize that's typically 200,000 dollars, that's going to jump to 1 million dollars."
Lottery officials say they can offer bigger winnings because of more players. Since February of 2010, 11 additional state lotteries have joined Powerball.
Lottery officials say the increase in players won't hurt your odds. In fact they say the odds of hitting the power ball should get better going from 1 in 195-million to 1 in 175-million.