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Tuesday, January 12, 2016
ATLANTA – As a result of brisk sales, Wednesday’s record Powerball jackpot has been raised from $1.4 billion to $1.5 billion.
The Powerball jackpot began rolling Nov. 7 and has rolled 19 times.
Powerball offers two jackpot payment options: the $1.5 billion jackpot prize paid over 29 years in 30 graduated payments; or the cash option, which is approximately $930 million.
Powerball tickets are $2 per play. For an additional $1 per play, players can increase non-jackpot prizes with the Power Play option.
Since the current jackpot began growing in November, Powerball has generated an estimated $29.3 million for Georgia Lottery-funded Pre-K and HOPE Scholarships.
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 $17 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 1.7 million students have received HOPE, and more than 1.4 million 4-year-olds have attended the statewide, voluntary prekindergarten program.
POWERBALL FAST FACTS
Draw Date: Wednesday, January 13, 2016
Estimated Jackpot Amount: $1.5 billion
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $930 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 1:24.87
Odds of Winning Jackpot Prize: Approximately 1:292 million
Date Jackpot Began Rolling: Nov. 7, 2015
Number of Rolls: 19
Last Winning Jackpot Ticket: Nov. 4, 2015 – $144 million jackpot (Tennessee)
Last #1 Powerball Jackpot: May 18, 2013 – $590.5 million jackpot (Florida winner)
For more information on the Georgia Lottery Corp. and Powerball, please visit:
www.galottery.com and www.powerball.com
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