ST. LOUIS, MO (KTVI)– With two lottery jackpots into the triple digit range, lottery players are snatching up tickets for both Mega Millions and Powerball jackpots.
As of Tuesday night, the Mega Millions jackpot was an estimated $139 million before the drawing. The Powerball was an estimated $222 million.
The odds of winning are astronomical, but here`s a breakdown of the odds of winning each jackpot.
Powerball winners have a 1 in 175, 223,510 of winning the grand prize. Mega Millions players have a 1 in 175,711,536 chance.
Lottery officials say Powerball ticket sales actually increased after the price of a ticket jumped from $1 to $2. The sales are not at an all time high but they were higher in 2012 compared to 2011.
We talked with some players who say the cost of the ticket doesn`t matter. Others said that they stopped buying Powerball tickets after the price jump and now buy Mega Millions tickets.
One player said she had a less scientific approach. “Whichever one is higher is the one I buy,” she stated.
Powerball officials provided some numbers for what has happened since the ticket price jumped.
The average Powerball jackpot before the price hike was $74.2 million. The average jackpot after the change has been $110.1 million.
The average amount won in the Powerball jackpot before the price hike was $124.9 million. The average amount won after the price hike is now $166.2 million.
If you think you or a loved one may have a gambling addiction, or if you want to learn more, you can call the National Council on Problem Gambling’s confidential 24-hour hotline: 800-522-4700.
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