ATLANTA – The Powerball jackpot for the Aug. 9 drawing has advanced to an annuitized $307 million.
According to the Georgeia Lottery Corp., Powerball has grown since June 14 and has rolled 16 times.
Powerball offers two payment options: the $307 million jackpot prize paid over 29 years in 30 graduated payments; or the cash option, which is approximately $193.2 million.
Powerball tickets are $2 per play.
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 $18.7 billion to the state of Georgia 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.
More than 1.7 million students have received HOPE, and more than 1.4 million 4-year-olds have attended the statewide, voluntary prekindergarten program.