Jackpot fever just rose a notch higher with the announcement that the estimated jackpot for Wednesday’s Powerball drawing has risen from $305 million to an incredible $320 MILLION, making it the fourth largest jackpot in the game’s history.
With a jackpot this size, the Tennessee Education Lottery is encouraging those who want a chance to win to avoid the rush by not waiting until the last minute to purchase a ticket. Tickets for the big drawing must be purchased by 8:59 p.m. CT/9:59 p.m. ET on Wednesday.
“Just as we anticipated, the redesigned Powerball game is quickly providing the huge jackpots that create excitement throughout the state and beyond,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery.
“And when a jackpot gets this high, interest elevates and sales rise very quickly, which is a tremendous boost for the education programs we fund. That said, we encourage players to get their tickets early, have fun and play responsibly. It only takes one to win.”
Wednesday’s drawing for an estimated $320 million (estimated $213.3 million cash value) features the largest Powerball jackpot since February, when the advertised top prize reached $325 million. That roll ended on February 11, when the final jackpot of $336.4 million was won in Rhode Island. The biggest jackpot in the game’s history was a $365 million prize split by eight co-workers at a Nebraska meat-packing plant in February 2006.
Powerball is a popular drawing-style lottery game sold in 44 jurisdictions across the United States. Details about the redesigned game include a higher minimum jackpot amount, ticket cost of $2, better overall odds of winning a prize, and an increase of the second highest prize level from $200,000 to $1 million.
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 $2.4 billion for these programs. In addition to the educational beneficiaries, players have won over $5.4 billion in prizes and Lottery retailer partners have earned more than $594 million in retailer commissions.
For more information, please visit www.tnlottery.com. For information about Lottery-funded scholarships, visit www.collegepaystn.com. To see a county-by-county breakdown of the number of students who benefit, visit www.seehowitaddsup.com.
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