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Powerball Lottery now worth $600 million

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Tennessee Lottery News Release:

NASHVILLE—Once again, Powerball officials have increased an already staggering jackpot from $550 MILLION to $600 MILLION for Saturday's drawing, shattering the popular game's previous record of $587.5 MILLION. Sales have been soaring nationwide as people everywhere join the excitement of a chance to win such an historic prize.

 The Tennessee Lottery encourages responsible play and reminds players to sign their ticket immediately after purchase.

 "The changes we implemented to Powerball have proven popular with players and have helped drive the big jackpots that create such excitement," said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery Corporation. "At the end of the day, it's great fun to experience these record events, and we appreciate how Powerball is helping us raise funds for education in Tennessee. And remember: it only takes one to win!"

 

Tickets for the big drawing must be purchased no later than 8:59 p.m. CT/9:59 p.m. ET on Saturday.

 

The previous top Powerball prize was $587.5 million, won Nov. 29, 2012 and split between winners in Missouri and Arizona. The biggest U.S. lottery payout ever was a $656 million Mega Millions jackpot won in March 2012 and shared by three winning tickets in Kansas, Illinois and Maryland.

 

The cash value of the $600 Million jackpot is estimated to be $376.9 Million. Powerball is played in 45 lottery jurisdictions (43 states plus Washington DC and US Virgin Islands). Playing Powerball is easy! Just select any five numbers from 1 to 59 and one POWERBALL number from 1 to 35, or choose Quick Pick (QP) and let the computer randomly pick any or all of your numbers. If you match any of the nine winning number combinations - you win!

 

Powerball drawings are held Wednesday and Saturday nights. Please note that broadcast times and drawings shown may vary.

 

About the Tennessee Education Lottery
The Tennessee Education Lottery Corporation operates entirely from the revenue it generates through the sale of its products. Net proceeds from sales of Lottery tickets, currently averaging over $5.3 million per week, fund specific education programs, including college scholarships and after-school programs.

Since the Lottery began selling tickets on Jan. 20, 2004, it has raised more than $2.6 billion for these programs. In addition to the educational beneficiaries, players have won over $6 billion in prizes and Lottery retailer partners have earned more than $659 million in retailer commissions.

 

For more information, please visit www.tnlottery.com

For information about Lottery-funded scholarships, visit www.collegepaystn.com  For a county-by-county breakdown of the number of students who benefit, visit www.seehowitaddsup.com.

 

MEDIA CONTACT:

Kym Gerlock 615-324-6556 615-604-2827

 

POWERBALL JACKPOT AT $600 MILLION: Quick Facts

The Tennessee Lottery reminds players to sign their ticket immediately after purchase and also to play responsibly. It only takes one to win!

 

Jackpot Details

  • $600 Million jackpot is the largest in Powerball history (2nd largest overall)
  • Cash value is $376.9 Million
  • The previous top Powerball prize was $587.5 million, won Nov. 29, 2012 and split between winners in Missouri and Arizona.
  • The biggest U.S. lottery payout was a $656 million Mega Millions jackpot won in March 2012 and shared by three winning tickets in Kansas, Illinois and Maryland.

Mega-Jackpot Impact

  • Tennessee players have won approximately $326.7 million in Powerball prizes (as of May 15) since the Tennessee Lottery launched the game in April 2004.
  • While very difficult to estimate, we anticipate sales for this Saturday's $600 million jackpot will be at least 10 times higher than average draw sales of $1 million.
  • Powerball sales alone have generated an estimated $526.7 million for education in Tennessee since the game was launched in April 2004.

Game Details

  • Players have until 8:59 p.m.CT/9:59 ET on Wednesday to purchase tickets.
  •  Overall odds to win a prize are 1 in 32. Odds to win the jackpot are approximately 1 in 175 million.
  • Powerball is played in 45 lottery jurisdictions (43 states plus Washington DC and US Virgin Islands).
  • ·         Playing Powerball is easy! Just select any five numbers from 1 to 59 and one POWERBALL number from 1 to 35, or choose Quick Pick (QP) and let the computer randomly pick any or all of your numbers. If you match any of the nine winning number combinations - you win!
  • Powerball drawings are held Wednesday and Saturday nights. Please note that broadcast times on any of the Lottery's partner television networks may vary.

Tennessee Education Lottery

  • The Tennessee Lottery has raised more than $2.6 BILLION for specific education programs in Tennessee, including college scholarships and after-school programs.
  • More than 700,000 scholarships, grants and awards have been funded.
  • In addition to the educational beneficiaries, players have won over $6 billion in prizes and Lottery retailer partners have earned more than $659 million in retailer commissions since the Lottery began selling tickets on Jan. 20, 2004.

Media Contact: Kym Gerlock, 615-324-6556 or 615-604-2827

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