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Powerball reaches $139 million for Saturday’s jackpot drawing


ATLANTA – The Powerball jackpot has rolled to $139 million to a single annuity winner for Saturday’s drawing. The increase is generating excitement across Georgia.

The Powerball jackpot has grown since June 27 and has rolled eight times.

Powerball offers two payment options: the jackpot prize paid over 29 years in 30 graduated payments or the cash option, which is approximately $93 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 $13.6 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: July 28, 2012

Estimated Jackpot Amount: $139 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $93 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: 8
Last Winning Jackpot Ticket: June 23, 2012 – $60 million jackpot (Connecticut winner)
#1 Powerball Jackpot: Feb. 18, 2006 – $365 million jackpot (Nebraska winner)

Comments   

freddie kruger
0 #1 freddie kruger 2012-07-27 15:48
I'm waiting until they make the tickets five bucks apiece before I'll rish any of my hard-earned cash on that nonsense.
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meadowqueen
0 #2 meadowqueen 2012-07-27 16:34
Anybody see how that first line is written?:
$139million to a single annuity winner for Saturday.
Seems to me this drawing is only going to be given out in annuity payments, you don't have a choice.
If we don't have a choice of annuity or cash option then this game is rigged.
Or perhaps this means this state is really 'Out of Money' or has spent the money that we all have deposited into this states account in good faith. Time we started asking some questions here. Or time that the journalists proof read the article before it's posted. Someone ought to start explaining!!!!! !!!!!!!!!
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