The US Federal Reserve announced last week that it is giving consumers a $25 discount on all lottery tickets.
The discount will apply to purchases between Jan. 1 and Dec. 31, 2018, and can be redeemed online at the Federal Reserve’s website.
The move comes as the number of lottery tickets being sold in the US has jumped by nearly 25 per cent in the past year.
A lottery ticket can now cost between $20 and $25, depending on how much it’s worth, and the Federal Government is making it more expensive.
In 2017, the Federal Treasury said it had spent $10 billion to help consumers purchase tickets, and this year, the Government expects to spend another $100 million.
The Reserve’s announcement comes on the heels of the announcement that the Federal Deposit Insurance Corporation has increased the minimum cash amount needed to purchase lottery tickets to $5,000.