May 17, 2013
Powerball® jackpot explodes to new record high
INDIANAPOLIS - Responding to surging nationwide sales, officials with the Multi-State Lottery Association increased the jackpot estimate for Saturday night's Powerball drawing for the second-straight day to a game-record $600 million.
The cash value of Saturday's jackpot is now $376.9 million.
Hoosiers can get in on the historic, record jackpot action at nearly 4,000 retailers across Indiana simply by asking the clerk for a Powerball quick pick. The sales cut-off time is 9:58 p.m. (Eastern) Saturday. A Powerball ticket costs just $2.
The Hoosier Lottery reminds all players to play responsibly.
Lottery players in the United States have had a chance to win more money than this only one other time -- in March 2012 when the Mega Millions jackpot climbed to $656 million before being hit in Maryland, Illinois and Kansas.
Indiana leads the nation in Powerball jackpot wins with 38, dating back to the introduction of the game to Hoosiers in 1992.
Indiana retailers have also been on a roll since the start of the current jackpot run on March 31, having sold four $1 million prize-winning Powerball tickets since that time.
The mission of the Hoosier Lottery is to maximize net income for the state in a socially-responsible manner. In fiscal year 2012, the Hoosier Lottery generated $211 million in surplus revenue which was used to significantly reduce the motor vehicle excise tax for all Hoosier drivers and also supported the pension funds for retired Indiana teachers, police and firefighters. Player prizes for the fiscal year totaled $533 million and $60 million was earned by Indiana retailers on the sale of Hoosier Lottery products.
Since its inception in 1989, the Hoosier Lottery has produced more than $4.2 billion for the citizens of Indiana, $1 billion in commissions and bonuses for participating Indiana retailers, and has paid out more than $8.9 billion in player prizes.
For more information, please contact Al Larsen at firstname.lastname@example.org or 317-264-4805.