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Mega Millions change means jackpots will be big, not massive

Mega Millions ticket
Posted at 11:56 AM, Apr 08, 2020
and last updated 2020-04-08 11:56:33-04

Winning a Mega Millions lottery prize worth hundreds of millions of dollars was always a long shot, but soon it will be nearly impossible.

The group the oversees the lottery game announced Friday it was following the lead of Powerball, the other national lottery game, and reducing its future jackpots.

The group that oversees the Powerball game said that it would cut minimum jackpots in half, from $40 million to $20 million, after there is a winner of the current big prize. The jackpot also could grow more slowly, with minimum increases of $2 million instead of the normal $10 million after each twice-weekly drawing.

Blame both decisions on the new coronavirus, which has kept people at home and away from spots where they typically buy lottery tickets.

People still have a shot at the current $121 million jackpot, but once there is a winner there won't be a guaranteed minimum prize.

The starting jackpots and rate of increase will be determined based on sales and interest rates.