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Powerball lottery ticket price to increase with chances of winning

powerball110311_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

The Multi-State Lottery Association says they are ready to make the big jump, but are the nation's Powerball players? The cost of a Powerball Lottery ticket for New Jersey’s lottery players is set to double from $1 to $2 on Jan. 15.

CNN reports that starting jackpots will also double to $40 million on that date, and will increase twice as quickly, according to lottery officials. They predict average jackpots to jump to $255 million from the current average of $141 million.

The good news for lottery players is that their chances of winning will also increase, according to the Detroit Free Press. The range of Powerball numbers a player can select will drop from 39 to 35 on January 15. The odds of winning the Powerball jackpot will fall from 1 in 192 million to 1 in 175 million.

Officials expect theses increased sales, but some lottery players are saying they won’t play the game as often or at all because of the increase. According to NBC Philadelphia, lottery officials made the change to differentiate Powerball from other multi-state game Mega Millions, which still sells tickets for $1.

The Devil’s Lake Journal from North Dakota reports that their state opposed the increase. State lottery director Randy Miller was afraid that sales may fall by more than one-third, and players would turn to the cheaper Mega Millions game,

States selling Powerball voted on the ticket price increase last summer and North Dakota went against it.

Powerball drawings take place twice a week at 10:59 p.m. on Wednesdays and Saturdays.

 

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