Once the current Mega Millions and Powerball jackpots are hit, both games will eliminate the minimum starting jackpot and minimum jackpot increases as a direct result of slowing sales during the current global pandemic.
The Mega Millions Consortium will determine the amounts of starting jackpots and jackpot increases on a drawing-by-drawing basis. The next starting jackpot and the rate at which the jackpot increases will be established based on game sales and interest rates, with no fixed minimum amount. Jackpots will be determined and announced prior to each drawing. Previously, the jackpot started at $40 million, and the minimum increase was $5 million for each roll.
Mega Millions tickets are $2. Drawings are held on Tuesdays and Fridays at 11:00 p.m.
Once the current Powerball® jackpot is hit, guaranteed starting jackpot amounts and minimum jackpot increases will be eliminated. Future jackpot increases will be determined based on interest rates and sales and announced by the Product Group prior to each drawing. Previously, Powerball® jackpots started at $40 million and increased by a minimum of $10 million between drawings.
The Powerball Product Group announced the changes to ensure the game continues to support good causes in all 48 U.S. lottery jurisdictions. The changes come as the current global pandemic has changed consumer behavior resulting in slower sales.
Powerball tickets are $2 per play. Drawings are held on Wednesday and Saturday nights at 10:59 p.m.
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