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ATLANTA – Lottery fever is sweeping across Georgia with Powerball and Mega Millions soaring to staggering heights. Tonight’s Powerball jackpot has grown to $101 million. Friday’s Mega Millions jackpot has jumped to a whopping $304 million.
Tickets for Powerball and Mega Millions are $1 per play. For an additional $1 per play, players have a chance to increase prizes with Powerball’s Power Play option and Mega Million’s Megaplier option.
Powerball offers two payment options: the jackpot prize paid over 29 years in 30 graduated payments or the cash option, which is approximately $51 million.
Mega Million’s jackpot prize pays out at approximately $11.6 million a year for 26 years with the annuity option. Or a player could select the cash option and win a single payment worth approximately $193 million.
As with all other Georgia Lottery games, proceeds from Powerball and Mega Millions will benefit education in the state of Georgia.
Since its first year, the Georgia Lottery Corp. has returned more than $12.3 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 1.3 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: March 23, 2011
Estimated Jackpot Amount: $101 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $51 million
Cost to Play: $1 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 1:35
Odds of Winning Jackpot Prize: Approximately 1:195 million
Date Jackpot Began Rolling: March 2, 2011
Number of Rolls: 6
Last Winning Jackpot Ticket: Feb. 26, 2011 in Florida
Powerball Rank: N/A (Not in Top 10)
Georgia Lottery Rank: N/A (Not in Top 10)
MEGA MILLIONS FAST FACTS
Draw Date: March 25, 2011
Estimated Jackpot Amount: $304 million
Annuity Amount: Approximately $11.6 million a year for 26 years
Cash Option Amount: Approximately $193 million
Cost to Play: $1 per play
Drawings: 11 p.m. (ET) every Tuesday and Friday
Overall Odds of Winning Any Prize: Approximately 1:40
Odds of Winning Jackpot Prize: Approximately 1:175 million
Date Jackpot Began Rolling: Feb. 4, 2011
Number of Rolls: 14
Last Winning Jackpot Ticket: Feb. 1, 2011 in Indiana and Michigan
#1 Georgia Lottery Jackpot: Mega Millions = $390 million; March 6, 2007; Ga./N.J. winners
Mega Millions Rank: #6
Georgia Lottery Rank: #8
For more information on the Georgia Lottery Corp., please visit:
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