Watch CBS News

Lottery Changes Powerball Prizes, Ticket Price

MINNEAPOLIS (WCCO) -- Attention lottery players: Powerball tickets will be doubling in price, but that means bigger jackpots, too.

Powerball ticket prices go up to $2 starting Jan. 15.

The way numbers are picked will also change slightly, so the chance of winning some kind of prize will go from 1 in 35 now to about 1 in 32.

The payouts are also going up. The starting jackpot will rise from $20 to $40 million. The odds of winning that jackpot will increase to 1 in 175 million.

Players who match the five white balls, but not the Powerball, will now win $1 million instead of $200,000.

The Minnesota lottery contributes about 25 percent of its profits to support things like education, health care and local government aid.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.