It will soon cost a little more to take your one in a million shot at becoming a millionaire.

The Mega Millions lottery consortium announced Monday that it will raise its price for a single ticket from $2 to $5 beginning in April 2025. The move was touted by the lottery as part of a larger overhaul to its offerings and payout structure.

Mega Millions was launched in 2002, and this is the second price increase since its creation. The cost of a ticket went from $1 to $2 in 2017.

Mega Millions is a nationwide game that sells tickets in 45 states — including Mississippi and Louisiana — through the Multi-State Lottery Association. Drawings are held each Tuesday and Friday.

To win the jackpot, players must match five numbers drawn on white balls, and one red “Megaball” to the numbers on their ticket. Lesser prizes are awarded for matching four or five numbers, or just the Megaball.

Mega Millions has produced six jackpot wins that have exceeded $1 billion — most recently in March 2024, when a single ticket sold in New Jersey, won the $1.128 billion jackpot. The current odds of winning the jackpot are 1 in 302.6 million, according to Mega Millions.

Among the “enhancements” planned for the Mega Millions game in 2025 are better jackpot odds; larger starting and faster growing jackpots; and a built-in multiplier on every ticket that automatically improves every non-jackpot win by between two and 10 times.

In addition, there will no longer be break-even prizes. When a player wins, the prize will always be more than the cost of the ticket.

“We expect more billion-dollar jackpots than ever before, meaning creating more billionaires and many more millionaires as the jackpots climb, plus this game will continue the important legacy of supporting great causes everywhere Mega Millions is played,” Joshua Johnston, Lead Director of the Mega Millions Consortium, said in a news release.