Mega Millions is increasing ticket prices next year as part of an overhaul

The price of a Mega Millions ticket will more than double next year as part of an overhaul of the lottery game.

Starting in April 2025, tickets will increase from $2 to $5, Mega Millions announced Monday.

The increase is the second price adjustment since the lottery game was introduced in 2002, Mega Millions said.

Other changes being introduced in the spring include no breakeven prizes, “meaning if a player wins, they will always win more than the ticket costs,” Mega Millions said.

Mega Millions said the revamped game will result in jackpots that start larger, grow faster and become larger more frequently, as well as better odds of winning the jackpot.

MORE: Ticket sold in New Jersey matches all Mega Millions winning numbers for $1.13 billion prize

“We are building a game that both our existing players and newcomers to Mega Millions will love and enjoy,” Joshua Johnston, executive director of the Mega Millions Consortium, said in a statement. “We expect more billion-dollar jackpots than ever before, meaning that as jackpots increase, more billionaires and many more millionaires will be created, and this game will continue the important legacy of supporting great causes wherever Mega Millions is played. “

Mega Millions has produced six jackpot wins that exceeded $1 billion – most recently in March, when a single ticket sold at a ShopRite liquor store in Neptune Township, New Jersey, won the $1,128 jackpot won.

Tickets for the lottery game are sold in 45 states, Washington, DC and the U.S. Virgin Islands.

According to Mega Millions, the current odds of winning the jackpot are 1 in 302.6 million.

Mega Millions to raise ticket price next year as part of overhaul originally appeared on abcnews.go.com