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Powerball jackpot rises to $250 million
ATLANTA – Powerball has soared to staggering heights. Wednesday’s jackpot has jumped to $250 million after no one matched all the winning numbers in Saturday’s drawing.
One Georgia Lottery player won $10,000 in Saturday’s drawing. The lucky ticket was purchased in Pooler.
The Powerball jackpot has been growing since Dec. 28 and has rolled 12 times.
Powerball offers two payment options: the $250 million jackpot prize paid over 29 years in 30 graduated payments, or the cash option, which is approximately $156 million.
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. 8, 2012
Estimated Jackpot Amount: $250 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $156 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: 12
Last Winning Jackpot Ticket: Dec. 24, 2011; Maryland ($129 million)
#1 Powerball Jackpot: $365 million; Feb. 18, 2006; Neb. winner
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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