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Powerball jackpot bumped from $310M to $325M
ATLANTA – As a result of brisk ticket sales, lottery officials announced today that the Powerball jackpot has been raised from $310 million to $325 million for Saturday’s drawing.
This is the largest Powerball jackpot since Georgia began selling game tickets in 2010. The jackpot’s approximately $202.9 million cash option is the highest in Powerball history.
With the new Powerball enhancements implemented in mid-January, the game has been redesigned to generate bigger jackpots and more millionaires.
The Powerball jackpot has been growing since Dec. 28 and has rolled 13 times.
Powerball tickets are $2 per play.
As with all other Georgia Lottery games, proceeds from Powerball will benefit education in the state of Georgia.
Since its first year, the Georgia Lottery Corp. has returned more than $13.1 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs, including Georgia’s HOPE Scholarship Program and Georgia’s Pre-K Program. More than 1.4 million students have received HOPE, and more than 1.1 million 4-year-olds have attended the statewide, voluntary prekindergarten program.
POWERBALL FAST FACTS
Draw Date: Feb. 11, 2012
Estimated Jackpot Amount: $325 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $202.9 million
Cost to Play: $2 per play; an additional $1 per play to add the Power Play multiplier
Drawings: 11 p.m. (ET) every Wednesday and Saturday
Overall Odds of Winning Any Prize: Approximately 1:32
Odds of Winning Jackpot Prize: Approximately 1:175 million
Date Jackpot Began Rolling: Dec. 28, 2011
Number of Rolls: 13
Last Winning Jackpot Ticket: Dec. 24, 2011 – $129 million jackpot (Md.)
#1 Powerball Jackpot: Feb. 18, 2006 – $365 million jackpot (Neb.)
#1 Georgia Lottery Jackpot: March 3, 2007 – $390 million Mega Millions jackpot (Ga. & N.J.)
For more information on the Georgia Lottery Corp. and Powerball, please visit:
www.galottery.com, www.lotterybenefitsgeorgians.com and www.powerball.com
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