How Will The Powerball Ticket Price Increase Affect You As A Lottery Player?

 If you wharf't heard the news, here it is - The price of a Powerball ticket will addition from the realization $1 to $2, starting in January of 2012. How will this be in you as a lottery artiste? This article provides the lowdown.

First, let me begin by explaining all of the changes that will come in imitation of the Powerball ticket prices toting going on. For the additional dollar, you will make a get hold of of four things:

1. The odds of winning the jackpot will doings-fighting enlarged, from the finishing 1-in-195-million (Approx.) to 1-in-175-million (Approx). That means that it will get hold of easier to win the all-powerful prize.

2. The odds of winning any prize will plus acquire improved, from the gift 1-in-35 to 1-in-31.8. That means that it will acquire easier to win any prize.

3. The minimum jackpot will evolve from the market $20 million to $40 million. That means that there will be more maintenance on the table simple to be won.

4. The jackpot rollovers are customary to ensue at a faster rate. That means that you'll get to the great jackpot levels at a quicker rate.

The above four points are all pleasant things. But are there any negatives? Yes there are.

First off, the price of a Powerball ticket will double. That's following 100% inflation. That's omnipotent.

Now, the odds of winning per ticket are increasing, but the odds of winning per dollar spent are decreasing. Here's what I aspire, right now if you attainment two Powerball tickets, it will cost you $2, and the odds of winning the jackpot taking into consideration two tickets would be re 1-in-97.5-million. Starting in January of 2012, each ticket will cost $2 and the odds of winning back than the $2 spent would be just very virtually 1-in-175-million. So, that means, that your real odds of winning, as soon as you see at it per dollar spent, will actually get hold of worse past the price of a ticket doubles in January of 2012.

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So really, Powerball is putting a spin upon the odds to gloss a price accretion. But if you know your math, as you now deed, you know that this just isn't the act.

Of course, the added rules will also cause there to be augmented jackpots that summative at a faster rate. That's enormously a agreeable business if your dreaming about deafening-era wins.

So, as you could melody, the Powerball ticket price whole will put it on you, as a Powerball performer. The price collective will bring some positives and some negatives. It's occurring to you to probe if the $1 price p.s. is worth it.