Powerball™ Jackpot Rolls To A Quarter Of A Billion Dollars
|For Immediate Release||
Contact: Liz Leonard (312) 368-5823
Mike Lang (217) 524-5158
CHICAGO - Feb 7, 2012--The Powerball jackpot stands at a quarter of a billion dollars ($250 million) for Wednesday’s drawing, the second time it has crossed the $200-million mark since Powerball was revamped last month. And, with Wednesday’s Lotto jackpot at $8.25 million, players have two great jackpot games to play.
While no one won Saturday’s $200 million Powerball jackpot, there were over 56,000 winners in Illinois, with players pocketing prizes ranging from $10,000 to $4. During this current run, Illinois Powerball sales totaled over $19.7 million including Power Play sales. Total contributions to the Common School Fund from these sales are an estimated $8.4 million.
Powerball has contributed an estimated $95 million to Illinois’ Common School Fund over the past two years, and has awarded over $66 million in prizes to 5.4 million Illinois winners. Under the new Powerball game that debuted last month, second place winners now win cash prizes of $1,000,000, instead of the previous second-place prize of $200,000.
Wednesday’s Lotto jackpot stands at $8.25 million, a life-changing sum that has for several weeks now caught the attention of savvy Lottery players across Illinois. The “granddaddy” of all jackpot games, Lotto has created more millionaires in Illinois—over 940—than any other game in the Lottery’s 37-year history. Lotto offers consumers extra value, with two chances for only $1, and drawings three days a week: Monday, Wednesday and Saturday.
As with all lottery games, Powerball and Lotto proceeds benefit the Common School Fund and the Capital Projects Fund. To date, the Illinois Lottery has contributed over $17 billion to support education in Illinois.
QUICK POWERBALL FACTS
- Introduced in Illinois on January 31, 2010
- Current jackpot at $250 million; cash value of $156 million; after withholding: $109.2 million
- 50 winners of $200,000 or more since Powerball launched in 2010 (includes one jackpot winner)
- 313 winners with prizes over $10,000 since 2010; 166 Illinois winners in 2011 with prizes over $10,000
- Jackpots now start at $40 million instead of $20 million
- Overall odds of winning a prize: 1:31.8
- Generated approximately $11 billion for good causes nationwide since 1992
- Drawings are at 9:59 PM (CT) every Wednesday and Saturday
- All profits from Powerball in Illinois stay in Illinois to support education and capital developments
- Powerball is played in 44 lottery jurisdictions across the country
- Largest Powerball Jackpot: $365 million; won Feb. 18, 2006 in Nebraska
- Number of times the Powerball jackpot topped $200 million in 2011 -- four
Founded in 1974, the Illinois Lottery has contributed over $18 billion to the state’s Common School Fund to assist K-12 public schools, as well as hundreds of millions of dollars to the Capital Projects Fund and to special causes like Illinois Veterans, the fight against breast cancer, MS research, and assistance for people living with HIV/AIDS. In addition to playing in-store, the Illinois Lottery offers online and mobile play for Mega Millions, Powerball and Lotto at www.illinoislottery.com. Players must be at least 18 years old.