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$164 million jackpot backs Saturday’s Powerball drawing

Friday, June 1, 2012

ATLANTA – An estimated $164 million to a single winner is up for grabs for Saturday’s Powerball drawing.

The Powerball jackpot has been growing since April 28 and has rolled ten times.

Powerball offers two payment options: the jackpot prize paid over 29 years in 30 graduated payments or the cash option, which is approximately $111 million.

Powerball tickets are $2 per play. Players can multiply prizes with the Power Play option.

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 $13.4 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: June 2, 2012

Estimated Jackpot Amount: $164 million

Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $111 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: April 28, 2012
Number of Rolls: 10
Last Winning Jackpot Ticket: April 25, 2012 – $173 million jackpot (Pennsylvania winner)
#1 Powerball Jackpot: Feb. 18, 2006 – $365 million jackpot (Nebraska winner)

For more information on the Georgia Lottery Corp. and Powerball, please visit:

www.galottery.com, www.lotterybenefitsgeorgians.com and www.powerball.com

Play Responsibly – It’s All About Fun!

Kimberly Starks
Media Relations Manager

P 404.215.5062
F 404.215.8983
media [at] galottery [dot] org

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