Powerball offers two payment options: the $176 million 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.
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 $14 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 1.2 million 4-year-olds have attended the statewide, voluntary prekindergarten program.
POWERBALL FAST FACTS
Draw Date: Feb. 2, 2013
Estimated Jackpot Amount: $176 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: Dec. 29, 2012
Number of Rolls: 9
Last Winning Jackpot Ticket: Dec. 26, 2012 – $50 million jackpot (Florida winner)
#1 Powerball Jackpot: Nov. 28, 2012 – $588 million jackpot (Arizona and Missouri winners)