Powerball Jackpot Increases from $650M to $700M for Today’s Drawing
Wednesday, August 23rd, 2017
As a result of rapid sales, Georgia Lottery officials announced that the Powerball estimated jackpot has been raised from $650 million to $700 million for Wednesday’s drawing.
The jackpot began rolling June 14 and has rolled 20 times.
Powerball offers two jackpot payment options: the $700 million jackpot prize paid over 29 years in 30 graduated payments; or the cash option, which is approximately $443 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 $18.7 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.