The bulging lottery jackpot is once again feeding players’ dreams and education coffers

Powerball and Mega Millions lottery jackpot numbers loom over I-20 East on a billboard near downtown Atlanta on July 27, 2023. (Credit: Jill Jordan Sieder)

Powerball and Mega Millions lottery jackpot numbers loom over I-20 East on a billboard near downtown Atlanta on July 27, 2023. (Credit: Jill Jordan Sieder)

Jul 28, 2023
Powerball and Mega Millions lottery jackpot numbers loom over I-20 East on a billboard near downtown Atlanta on July 27, 2023. (Credit: Jill Jordan Sieder)
Powerball and Mega Millions lottery jackpot numbers loom over I-20 East on a billboard near downtown Atlanta on July 27, 2023. (Credit: Jill Jordan Sieder)

ATLANTA — Here we go again. Mega Millions is up to $910 million and Powerball is at $60 million, with the next drawing tonight. 

Last week’s $1.08 billion Powerball jackpot generated $21.6 million for education in Georgia throughout its run. And Friday’s Mega Millions jackpot has generated $17.8 million for education in Georgia from the time the jackpot started growing through the last drawing.

Your odds of winning are 1 in roughly 302 million, but we all sorta win, since the money funds HOPE scholarships and pre-K. Certainly students like Moises Guzman see the benefit. He’ll be the first in his family to go to college when he starts at South Georgia State College this fall, thanks to his Zell Miller Scholarship.

Convenience store owner Branu Woldegebriel said he spends more on lottery tickets than he wins, just like his customers. (Credit: Jill Jordan Sieder)
Branu Woldegebriel, the owner of Big H convenience store in southeast Atlanta, said he spends more on lottery tickets than he wins, just like his customers. (Credit: Jill Jordan Sieder)

Branu Woldegebriel, manager at the Big H convenience store in southeast Atlanta, said his customers have been loading up on Mega Millions and Powerball tickets this week, in addition to the scratcher games and Cash 3 tickets they buy more often.

The biggest payout at his store was $40,000 for a KENO! game in 2016. Most people spend considerably more than they win on all the lottery games he vends, he said. “But when the jackpot is this high, they spend even more money,” he said. A few of his customers are buying  $300 to $400 worth of lottery tickets a day. Woldegebriel said he’s not immune to lotto fever himself, and has recently bought a few Powerball tickets.  

“I’m trying to get the big one, too,” he said.

But is the Lottery a win for the state? According to the Georgia Lottery Corporation, 64% of the money goes to the winners, 6% to your neighborhood stores that sell tickets and 4% to fund salaries and operating expenses. That leaves 26% of the total money collected actually going to education.

Georgia Lottery

Do other states do better?

The Hoosier Lottery in Indiana is doling out 61.5% in prizes, 6.8% to retailers, 6.2% for operating expenses and 25.5% for “good causes.”

Kansas Lottery distributes 61.2% in prizes, 5.9% to retailers, 4.1% in admin costs, a 3.7% “cost of sale” and 25.1% that is distributed to various state agencies and the general fund.

The Georgia Lottery just closed out its fiscal year touting that the Lottery raised more than $1.5 billion for education during the fiscal year that ended June 30. FY23 marks the eighth consecutive year that the Lottery has surpassed $1 billion in profits for education, exceeding FY22 profits by $42.4 million. 

That’s $42.4 million more for Gov. Brian Kemp and lawmakers to consider when they tackle the budget in January. With that kind of surplus, odds seem favorable that students might see the HOPE Scholarship fully funded again next year. 

Contact Jill Jordan Sieder on Twitter @journalistajill or at [email protected]. Joy Walstrum can be reached at [email protected].

Twitter @StateAffairsGA
Instagram @STATEAFFAIRSGA
Facebook @STATEAFFAIRSUS
LinkedIn @StateAffairs