Saturday, May 18, 2013
Could you be the multi-million dollar winner?
Saturday’s Powerball jackpot has reached $600 million, the highest jackpot in the game’s history. The announcement was made Friday afternoon, just a few days after strong sales prompted lottery officials to bump Saturday’s Powerball jackpot from $475 million to $550 million. Not only is the current $600 million jackpot the largest in Powerball history, it is the second largest jackpot in U.S. history. The Powerball winner can opt to receive 30 graduated payments over 29 years or collect a $376 million cash payout. Powerball tickets are $2.
Thursday, May 16, 2013
About the Georgia Lottery: Georgia Lottery proceeds are used to fund specific education programs: 1) Tuition grants, scholarships or loans to undergraduate college students for attendance at eligible Georgia colleges, universities, or technical colleges; 2) The Georgia Prekindergarten Program for all 4-year-olds; and 3) capital outlay projects including computer and other technological upgrades for schools, technical institutes, colleges and universities in the state. More than 1.4 million students have been able to attend colleges through Georgia's HOPE scholarship program; more than 1.2 million four-year-olds have attended Georgia's Prekindergarten Program; and all of Georgia's public schools have benefited from over $1.8 billion in …
Wednesday, November 21, 2012
How big a prize do you need before you decide to play the lottery?
Is a quarter of a billion dollars enough money for you to go out and buy lottery tickets? Powerball's estimated prize in tonight's drawing is $250 million. The cash prize option is "only" $166.8 million. But with the odds of getting a ticket with the winning numbers worse than 1 in 175 million, will you play the game? It costs $2 per ticket. The "Powerball multiplier" adds $1 to the ticket price, but could increase the size of any non-grand prize amount. Friday's MegaMillions jackpot is "only" $41 million. A portion of the ticket sales are used for education funding in Georgia, including the HOPE Scholarship. The Georgia Lottery for Education Act requires that proceeds be used to fund: With Black Friday and Cyber Monday coming up, will …
Friday, March 30, 2012
One report says the Peach State spent $3.4 billion on lottery tickets last year.
OK, admit it. Many of us have dreamed of what we would do if we ever hit the lottery. And with the Mega Millions jackpot expected to be more than $500 million — yes, a HALF-BILLION dollars — for Friday's drawing (a U.S. lottery record!), there's likely a whole lot of dreaming going on this week. You can expect long lines at lottery outlets today and tomorrow, especially in Georgia. But are we suckers for the lottery? One reports suggests that Georgians may be the biggest suckers in the U.S. for playing the lottery. Bloomberg looked at the lottery-spending habits across the country to establish its "Sucker Index," which correlated lottery expenditures, actual winnings and overall income. The index was based on 2010 statistics. Georgia was …