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Wednesday, June 1, 2016
ATLANTA – The Powerball jackpot has reached an estimated $100 million to a single annuity winner for Wednesday’s drawing. Two Georgians have scored winning tickets from Saturday’s May 28 Powerball drawing, totaling $50,000 each.
A winning ticket worth $50,000 was sold in Flowery Branch.
Another winning ticket, also worth $50,000, was sold online at www.galottery.com.
The jackpot began rolling May 11 and has rolled seven times.
Powerball offers two payment options: the $100 million jackpot prize paid over 29 years in 30 graduated payments; or the cash option, which is approximately $65.5 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 $17.4 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 1.7 million students have received HOPE, and more than 1.4 million 4-year-olds have attended the statewide, voluntary prekindergarten program.
POWERBALL FAST FACTS
Draw Date: Wednesday, June 1, 2016
Estimated Jackpot Amount: $100 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $65.5 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 1:24.87
Odds of Winning Jackpot Prize: Approximately 1:292 million
Date Jackpot Began Rolling: May 11, 2016
Number of Rolls: 7
Last Winning Jackpot Ticket: May 7, 2016 – $429.6 million jackpot (New Jersey)
#1 Powerball Jackpot: Jan. 13, 2016 – $1.586 billion jackpot (Calif.; Fla.; and Tenn.)
For more information on the Georgia Lottery Corp. and Powerball, please visit:
www.galottery.com and www.powerball.com
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