The odds of winning the Powerball jackpot are long. Players have a one in 292,201,338 shot at winning the grand prize, a one in 11,688,053.52 shot at winning the $1 million prize and a one in 24.87 chance of winning any prize.

Last month, lottery officials announced it will cost $5 to play Mega Millions, beginning in April 2025, up from the current $2 per ticket. The price increase will be one of many changes to Mega Millions that officials said will result in improved jackpot odds, more frequent giant prizes and even larger payouts.