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Powerball might have Mega Millions to thank for its latest $1 billion jackpot
Whether or not anyone wins the billion-dollar Powerball jackpot on Saturday, at least one of the losers might already be known: Mega Millions. Powerball tickets, priced at $2 apiece, are selling briskly, as lottery tickets tend to do around ten-figured advertised prizes. In contrast, the next Mega Millions jackpot on Tuesday is a comparatively paltry $70 million. The two jackpots might differ by hundreds of millions – but the number that helps explain why is much smaller. Three dollars. That’s how much Mega Millions hiked its ticket price in April, more than doubling from $2 to $5. And it looks like lottery ... (full story)
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