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Powerball Jackpot Jumps to $212 Million

For Immediate Release: 5/7/2004

(Pierre) - The estimated Powerball jackpot for Saturday night has jumped to $212 million. The cash option for the new jackpot estimate is $110.3 million.

On Friday afternoon, the Multi-State Lottery Association increased the jackpot estimate for the upcoming Saturday, May 8 drawing because of stronger than expected sales. The jackpot for Saturday was previously estimated at $205 million ($107.3 million cash). The Multi-State Lottery Association administers the Powerball game.

The $212 million Powerball jackpot is the 6th largest in the game’s history. The current jackpot run started with the Wednesday, March 17 drawing. The upcoming drawing on Saturday night will be the 16th drawing since the jackpot was last won.

The increase in sales because of a big jackpot also means more revenue for state programs and projects. While 50 cents of each $1 Powerball purchase in South Dakota is used for prizes, another 23 cents is revenue to the state, which goes to the general fund and capital construction fund.

In state fiscal year 2003, sales of Powerball, Dakota Cash, Hot Lotto and Wild Card 2 lotto tickets generated a total of $3,666,489 in revenue to the state.

The odds of winning the Powerball jackpot are 1 in 120,526,770. Clint Harris, executive director of the state lottery said, "A big jackpot is exciting for players and retailers. We want people to have fun, but ask them to play responsibly. It only takes one ticket to win."

Tickets for Saturday’s drawing can be purchased until 9:00 p.m. (CT) / 8:00 p.m. (MT) on Saturday from 350 lotto retailers across the state.

Powerball is currently played in 26 states, the District of Columbia, and the U.S. Virgin Islands.

 


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