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Mega Millions Jackpot Soars to $115 Million

Wednesday, June 11, 2003

ATLANTA – Mega Million is growing by leaps and bounds with the jackpot for Friday’s (6/13) drawing at an estimated $115 MILLION to a single annuity winner. As the jackpot climbs, Georgia Lottery players are excited about their chance to win the largest jackpot in the nation. "Larger jackpots are exciting for our citizens," said Rebecca Paul, president and CEO of the Georgia Lottery Corporation. "Just as exciting is knowing that each dollar raised benefits the educational programs we fund. Georgia’s students are the ultimate winners." Mega Millions offers players two payment options: 26 annual payments in equal installments or a single check worth the cash value of the estimated jackpot. Any lucky Mega Millions player who matches all five white ball numbers, along with the gold Mega Ball number, could walk away with over $4.4 million a year (before taxes) for 26 years with the annuity option. Or a player could pre-select the cash option and win a single check worth approximately $73 million (before taxes). Any Georgia Lottery retailer who sells a winning Mega Millions jackpot ticket can earn the $25,000 retailer incentive bonus payment. If more than one winning jackpot ticket is sold in Georgia, the retailers selling the winning tickets will share the $25,000 retailer incentive bonus. As with all other Georgia Lottery games, proceeds from Mega Millions will benefit education in the state of Georgia. Since its first year, the Georgia Lottery Corporation has returned over $5.8 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs. These include Georgia’s HOPE scholarship program; a statewide, voluntary pre-kindergarten program for four-year-olds; and a wide range of technological and capital upgrades for the state’s schools, technical institutes, colleges, universities and public libraries.

 

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