Powerball soars to $124 million | Community Spirit
ATLANTA – Powerball is packing a powerful punch with the jackpot for tonight’s drawing at an estimated $124 million to a single annuity winner.
It only takes $1 for a chance to win big.
Powerball offers two payment options: the jackpot prize paid over 29 years in 30 graduated payments or the cash option, which is approximately $75 million.
As with all other Georgia Lottery games, proceeds from Powerball will benefit education in the state of Georgia.
POWERBALL FAST FACTS
Draw Date: Oct. 19, 2011
Estimated Jackpot Amount: $124 million
Annuity Amount: Jackpot prize paid over 29 years in 30 graduated payments
Cash Option Amount: Approximately $75 million
Cost to Play: $1 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 1:35
Odds of Winning Jackpot Prize: Approximately 1:195 million
Date Jackpot Began Rolling: Sept. 17, 2011
Number of Rolls: 9
Last Winning Jackpot Ticket: Sept. 14, 2011 Decatur, Ga. ($25 million)
#1 Powerball Jackpot: $365 million; Feb. 18, 2006; Neb. winner