As the ever-popular game of POWERBALL makes headlines today with a new jackpot of $350 million, the Tennessee Lottery is also drumming up excitement about its newest game, HOT LOTTO. The mid-size jackpot game, currently featuring a jackpot of $6.1 million for Wednesday, launches in Tennessee today, making it the 16th jurisdiction to embrace its all-cash jackpots with an especially unique feature--the withholding taxes are paid. (15 states plus the District of Columbia)
"Players are excited and having fun, sales are on the rise, and it's all for a great cause--education programs in Tennessee," said Rebecca Hargrove, President and CEO of the Tennessee Education Lottery.
"This size of Powerball jackpot not only attracts regular players, but also those who have never played and want to be part of the excitement. The new features of Hot Lotto bring yet another choice to Tennessee, which will also appeal to a wide audience."
Drawings for both of these jackpot games are held on Wednesday and Saturday night. Powerball is played in 43 States, Washington D.C. and the US Virgin Islands. Annuitized jackpots begin at $40 million and tickets are $2. Hot Lotto is played in 15 states and the District of Columbia. Lump-sum, all-cash jackpots begin at $1 million and range from $5 to $6 million. And, unique among the Lottery's games, the withholding taxes on a Hot Lotto jackpot are paid by the Lottery. Hot Lotto tickets cost $1.
For more details see tnlottery.com.
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 . To see a county-by-county breakdown of the number of students who benefit, visit www.seehowitaddsup.com.
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