Floors in Pricing. A price floor is the lowest amount at which a good or service may be sold and still function within the traditional supply and demand model. Prices below the price floor do not result in an appropriate increase in demand.
Finally, MEGA MONEYâ¢ was introduced in 1998. In July 2008, the Lottery announced that it would join the Multi-state Lottery Association (MUSL) and launch POWERBALLÂ® in early January 2009. The instant-win game LUCKY LINESâ¢ launched in October 2010 and ended prior to the launch of MEGA MILLIONSÂ® in May 2013.
Powerball rules were changed in early 2012 to help increase jackpots and payouts. The odds of matching the first five numbers in the Powerball game are about 1 in 5 million. In addition to Powerball, two tickets from the popular Mega Millions game worth at least $1 million have been claimed in West Virginia this year.