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Powerball jackpot swells to $245 million

By   /   October 31, 2011  /   Comments

 

ATLANTA – The Powerball jackpot continues to climb. After no one matched all the winning numbers in Saturday’s drawing, Wednesday’s Powerball jackpot has jumped to an estimated $245 million.

 

Three Georgia Lottery players won $10,000 each in Saturday’s drawing. The lucky tickets were purchased in Atlanta, Jonesboro and Eton.

 

The Powerball jackpot has been growing since Lithonia’s Kathy Scruggs won $25 million in the Sept. 14 drawing. The jackpot has rolled 13 times since.

 

Powerball offers two payment options: the $245 million jackpot prize paid over 29 years in 30 graduated payments, or the cash option, which is approximately $146 million.

 

Powerball tickets are $1 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 $12.9 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: Nov. 2, 2011
 
Estimated Jackpot Amount: $245 million
 
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
 
Cash Option Amount: Approximately $146 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: Sept. 17, 2011
Number of Rolls: 13
Last Winning Jackpot Ticket: Sept. 14, 2011 Decatur, Ga. ($25 million)
#1 Powerball Jackpot: $365 million; Feb. 18, 2006; Neb. Winner
 
For more information on the Georgia Lottery Corp. and Powerball, please visit:

 

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