Trump floating idea to not tax tips any longer.
Well, now do the lotery.
Many other countries do not tax lottery, but USA takes 37 fucking percent off the prize. 37%
And now MegaMillions is raising ticket price to $5 from $2.
Mega Millions dropped the base prize back down to 20M due to slowing sales. They never returned to the higher base of the once promised $40M
https://nclottery.com/NewsBlogDetails/2020/4/3/Changes-coming-to-national-Mega-Millions-game__11
Mega Millions enhanced: Starting jackpots increase to $40M, bigger average jackpots, more millionaires.
$2 game also benefits players with higher secondary prizes.
Changes coming to national Mega Millions game
APRIL 3, 2020 POSTED BY NC LOTTERY AT 5:38 PM
After the April 3 drawing, jackpots for the national Mega Millions game will be determined on a drawing-by-drawing basis based on ticket sales and interest rates. That means the game will not have a guaranteed starting jackpot of $40 million or a guaranteed increase between drawings of $5 million.
Why the change?
Due to slowing sales during the coronavirus outbreak, ticket sales aren’t strong enough to support the guaranteed starting jackpot and guaranteed increases. Many states that sell Mega Millions tickets are currently under stay-at-home orders from their governors, which have altered the typical sales patterns of many products, including lottery tickets. The jackpot amount is based on sales and interest rates. The money to pay the prizes comes from the ticket sales.
The adjustments will help to ensure that states can continue to generate revenue to support their good causes.
Who made the change?
Game changes are not made by individual lotteries, but by the Mega Millions Consortium, the national group that oversees the Mega Millions game. All lotteries offering the game must accept the changes.
During "coronavirus" they dropped it to $20M due to slowing sales, biut kept higher $2 ticket cost and to this day never adjusted back up to the higher base prize, but have mow seen $1 Billion + jackpots.
Now, $5 will be the new price.
RELEASE DATE: 10/18/2017
Mega Millions is being redesigned to bring more value to its players with larger starting jackpots and faster rolls. Starting jackpots will more than double from $15 million to $40 million, and jackpots will grow faster overall. There will be better odds to win $1 million prizes and higher secondary prizes.
The ticket price also will change, moving from $1 to $2.
https://youtu.be/9KcJCCsJ2pw?si=eTRbIL21jXrZa0U4