Mega Millions just announced that they're going to be doubling the cost of their tickets from $1 to $2 as of Saturday.....and they're going to make the odds worse for you to win.

Getty Images

But both of those changes will lead to bigger jackpots, which will drive people to buy more tickets. And they have another strategy for making the payouts bigger, they're also going to make it tougher to win.

Getty Images - Mega Millions Lottery Jack

The odds of winning will jump from one in 258.9 million to one in 302.6 million...worse odds than the Powerball one in 292.2 million. Powerball raised its ticket prices to $2 a few years back...and since then, they've usually had bigger jackpots than Mega Millions and sold way more since then. Mega Millions' grand prize will begin at $40 million instead of $15 million which is the starting jackpot that Powerball has had for the past two years.

Happy gaming....more here.