PLINQ Performs Worse Than Usual LINQ

Amazingly, using PLINQ did not yield benefits on a small test case I created; in fact, it was even worse than usual LINQ.

Here's the test code:

    int repeatedCount = 10000000;
    private void button1_Click(object sender, EventArgs e)
    {
        var currTime = DateTime.Now;
        var strList = Enumerable.Repeat(10, repeatedCount);
        var result = strList.AsParallel().Sum();

        var currTime2 = DateTime.Now;
        textBox1.Text = (currTime2.Ticks-currTime.Ticks).ToString();

    }

    private void button2_Click(object sender, EventArgs e)
    {
        var currTime = DateTime.Now;
        var strList = Enumerable.Repeat(10, repeatedCount);
        var result = strList.Sum();

        var currTime2 = DateTime.Now;
        textBox2.Text = (currTime2.Ticks - currTime.Ticks).ToString();
    }

The result?

textbox1: 3437500
textbox2: 781250

So, LINQ is taking less time than PLINQ to complete a similar operation!

What am I doing wrong? Or is there a twist that I don't know about?

Edit: I've updated my code to use stopwatch, and yet, the same behavior persisted. To discount the effect of JIT, I actually tried a few times with clicking both button1 and button2 and in no particular order. Although the time I got might be different, but the qualitative behavior remained: PLINQ was indeed slower in this case.