Powerball ticket prices are going up in January, and the Tennessee Lottery promises it means larger jackpots starting at $40 million instead of $20 million.
A powerball ticket will cost $2 and launches on Jan. 15. Players will be able to purchase a multi-draw ticket for 10 consecutive drawings.
Details about the redesigned game also include: better overall odds of winning a prize (going from 1-in-35 to 1-in-32) and the second highest prize level increasing from $200,000 to $1 million.
The powerball lottery game began in Tennessee in April 2004.
"There has been great excitement and anticipation over the launch of the 'Bigger, Better, More' Powerball game," said Rebecca Hargrove, President and CEO of the Tennessee Lottery, in a news release. "With the start of the rolldown, we're pleased to officially begin the process that will take us to the start of the new game."
Powerball players in the state have won more than $294.6 million in prizes as of Nov. 30.
"We think these changes to Powerball will prove highly successful. Players love the larger jackpots and will appreciate the bigger prizes and better odds," added Hargrove. "At the same time, we're hopeful that proceeds from the new game will increase the Lottery's contribution to the scholarship programs we fund.''