This may increasingly have occurred to you lately – You walked into your neighborhood comfort retailer, went as much as the clerk behind the counter,and requested for a Powerball ticket. She printed out the ticket, gave it to you, and stated, “That will probably be $2 please.”
$2? For a Powerball ticket? You will have thought to your self, “Did the worth simply improve?” Really, sure it did. Previous to January 15, 2012, the worth for one play was $1. On January the 15th, the worth doubled to $2 per play.
That is like 100% inflation, you is likely to be pondering. Are you shocked? Maybe you should not be. Subsequent time you are at that very same comfort retailer, have a look round that entrance desk. You may discover dozens of colourful instantaneous scratch-off tickets on show. Take a better take a look at these scratch-offs. Discover the various value ranges? A few of them value only a greenback. Nevertheless, a few of them value $2, or $5, or $10, and even $20. Completely different pricing schedules for various scratch-off tickets. So, why then, would you be shocked that Powerball now prices $2 to play?
Lotteries are identical to another items within the market. You could have completely different decisions you can make with regard to what you buy. You do not have to purchase a Powerball ticket should you’re not proud of the worth. There’s nonetheless loads of different lotto choices, together with state video games and Mega Hundreds of thousands. You possibly can all the time select to play these video games. Nevertheless, Powerball provides customers one thing that many of the different video games do not – Increased jackpots.
With the rise in value of a Powerball ticket, you additionally get elevated jackpot quantities. For instance, previous to the worth improve, Powerball jackpots began at $20 million. Following the worth improve, jackpots will begin at $40 million. Not solely will the preliminary jackpot begin at the next quantity, it’s going to additionally develop at the next velocity, making hundred million greenback plus jackpots extra commonplace.
For these larger jackpots, customers must pay extra, therefore the worth improve. You can’t improve the jackpot of a lottery sport with out rising the worth or making it more durable to win. Powerball was already laborious sufficient to win because it was, so making it even more durable wouldn’t have been a sensible transfer. Growing the worth was a sensible transfer.
So there you might have it – Now you know the way a lot a Powerball tickets prices. It prices greater than it did earlier than, however you get one thing for that in return – larger jackpots.
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