Powerball Lottery increasing price to $2 for better odds & prizes

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Powerball Jackpot Increases PriceEvery single state participating in the Powerball under the Multi-State Lottery Association will be raising the price of a Powerball ticket to $2 with the power play option still at $1. The Powerball is celebrating 20 years of running it’s US jackpot lottery in 2012.

Customers will find that the Powerball tickets will increase in price to $2 on January 15th, 2012. The days for Powerball drawings will stay the same with Wednesday and Saturdays being the day when Powerball numbers are drawn and Powerball results are revealed.

The odds will be improved for Powerball winning numbers by reducing the group of numbers in the Powerball pool from 39 to 35. Powerball lotto players will still be choosing the first five numbers from a pool of 59. Odds currently for the Powerball lottery are 1 in 35 to win a prize but the new odds will be 1 in 31.8 to win a lotto prize.

Powerball States as of January 31, 2010
Image via Wikipedia

Currently if you match 5 numbers in the Powerball you win $200,000. This prize for matching 5 numbers will increase to $1 million and the lowest prize will raise from $3 to $4 for matching the red Powerball. To learn more about the details of the change of the Powerball odds, rules and prizes you can read the Press Release from the Pennsylvania Lottery Commission.

If you aren’t happy with the new $2 price for a Power ball ticket you’ll be happy to know there are still $1 lottery tickets available. You will still be able to purchase $1 Mega Millions tickets at the participating MegaMillions locations. While a Mega Millions lottery ticket will be cheaper, the Powerball is expected to grow to much bigger prize levels with it’s new $2 purchase price.

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