Powerball is up to $1 billion, but what does that mean for you?

Jul 19, 2023

For only the third time in lottery history, the Powerball jackpot has hit $1 billion in Georgia and you’re probably crafting that nice “I’m outta here” note to give to your boss after Wednesday’s drawing.

But let’s not get ahead of ourselves, shall we?

Keep the altruistic part of your mind open and remember the lottery finances not only your wildest dreams but educational aspirations for Georgians as well.

Since 1992 when it first started, the Georgia Lottery Corp. has paid out $25.7 billion to the state for education. All Georgia Lottery profits go to pay for specific educational programs, including Georgia’s HOPE Scholarship program and Georgia’s Pre-K program. Over 2.1 million students have received HOPE and more than 1.7 million 4-year-olds have attended the state’s voluntary prekindergarten program.

Powerball has yielded nearly $5.95 million in prizes for winners and nearly $19 million for educational programs since the jackpot began growing after the last drawing. No one won the big jackpot in Monday’s game, but someone in Georgia is $2 million richer. 

In similar fashion, Mega Millions has distributed over $3.9 million in prizes and $14.3 million for educational programs since the last drawing. [No one won Tuesday’s Mega Millions drawing, pushing the jackpot to an estimated $720 million.]

Just so you know: Your odds of winning the Powerball jackpot are 292,201,338 to 1.

What the heck, I’m off to get my ticket…

Have questions, comments or tips? Contact Tammy Joyner on Twitter @lvjoyner or at [email protected].

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Check out more stories on the Georgia Lottery and the education programs it funds:


Header photo: For the third time in Georgia Lottery history, the Powerball jackpot tops $1 billion. (Credit: Beau Evans)

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