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Michigan Lottery announces increase in Mega Millions starting jackpots

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More prize money may be in your future. 

Michigan Lottery just announced an update to Mega Millions starting jackpots. The initial money prize will increase from $15 million to $40 million, taking affect on October 28. 

The ticket price will also go up to $2. 

According to a news release, the update is aimed at helping spur larger payouts. Players who match five white balls from 1 to 70 and one Mega Ball number from 1 to 25 will win the jackpot. 

Here are more updates from the Michigan Lottery regarding Mega Millions: 

-- Players will win $1 million for matching five white balls

-- Players will win $10,000 for matching four white balls and the Mega Ball

-- Players will win $200 for matching three white balls and the Mega Ball, an increase of $150

-- Players will win $10 for matching either three white balls or two white balls and the Mega Ball, an increase of $5

--Players will win $4 for matching one white ball and the Mega Ball, and increase of $2

--Players will win $2 for matching the Mega Ball, and increase of $1