Powerball Jackpot Jumps To $120M
Powerball offers two payment options: the jackpot prize paid over 29 years in 30 graduated payments or the cash option, which is approximately $62 million.
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 $12.5 billion to the state of Georgia for education. All Georgia Lottery profits go to pay for specific educational programs, including Georgias HOPE Scholarship Program and Georgias Pre-K Program. More than 1.3 million students have received HOPE, and more than 1.1 million 4-year-olds have attended the statewide, voluntary prekindergarten program.