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Sep 30, 2011 6:11 PM by David Ortiviz

Powerball ticket prices, starting jackpot going higher

Powerball tickets will double in price starting next year, but the lottery game says you have better odds of winning and the starting jackpot is going higher.

The price for a powerball ticket is going up from a $1 to $2. The price change starts on January 15, 2012.

We stopped by M&M Food Store on Pueblo Blvd. to ask customers if they'd pay more to play Powerball. "Probably so. I'll cut down the amount that I spend but probably so," said one customer named Vera.

"I'll still buy tickets, may not buy as many," said Frank Ricotta, another Powerball player.

It'll cost you more, but Powerball says there's a payoff. The starting jackpot will jump from $20 million to $40 million.

Also, they tweaked the game you'll have fewer numbers to choose from, which powerball says gives you slightly better odds of winning a prize. It went from one in 35 to one in 32.

The Colorado Lottery says the game is changing in all powerball states, not just Colorado.
Also, as Powerball sales increase so will the amount of revenue generated for Colorado parks, recreation and wildlife projects. So far, our state has received more than $350 million from Powerball sales.

"I don't put that much money into it, so I'm not losing that much," said Melissa, another customer.

Colorado's only Powerball jackpot winner, the SEEP Financial Group, won $20 million in 2007.

 

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