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Powerball jackpot swells to $253M

By   /   August 9, 2012  /   Comments Off

ATLANTA – The Powerball jackpot continues to climb. Saturday’s jackpot has jumped to $253 million after no one matched all the winning numbers in Wednesday’s drawing.

Two Georgia Lottery players each won $1 million in Wednesday’s drawing. The lucky tickets were purchased in Ellenwood and Lawrenceville.

Three players in Cartersville, Decatur and Hinesville each won $10,000 Wednesday.

The Powerball jackpot has been growing since June 27 and has rolled 13 times.

Powerball offers two payment options: the $253 million jackpot prize paid over 29 years in 30 graduated payments, or the cash option, which is approximately $170 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 $13.6 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: August 11, 2012

Estimated Jackpot Amount: $253 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $170 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: June 27, 2012
Number of Rolls: 13
Last Winning Jackpot Ticket: June 23, 2012 – $60 million jackpot (Connecticut winner)
#1 Powerball Jackpot: Feb. 18, 2006 – $365 million jackpot (Nebraska winner)

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About the author

Owner / Editor / Writer

Tom Knighton is the publisher of The Albany Journal. In November, 2011, he became the first blogger to take over a newspaper anywhere in the world. In August of 2012, he made the difficult decision to take the Journal out of print circulation and become an online news agency, a first for the Albany area.

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