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Powerball Jackpot Run Provides More Than $500,000 in State Revenue

For Immediate Release: 10/13/2004

(Pierre) - The winning ticket for last Saturday’s $214.7 million Powerball jackpot was sold in Delaware, but ticket sales during the jackpot run resulted in more than a half million dollars in revenue to the state.

While 50 cents of each $1 Powerball purchase in South Dakota is used for prizes, another 23 cents is used for revenue for the state’s general fund and the capital construction fund.

For the 16-draw jackpot run that began August 18 and ended October 9, South Dakota players bought $2,268,436 in Powerball tickets, providing $521,740 in revenue to the state.

South Dakota players won $414,497 in prizes during the jackpot run, including one of the game’s $100,000 second prizes, won by Luann Boyden of Platte in the Sept. 18 drawing.

The 355 lotto retailers across the state also benefited from the increased sales a large jackpot run can bring. Approximately five-and-a-half cents of every Powerball ticket purchase goes to retailers in the form of sales commissions and bonuses. The recent Powerball jackpot run earned retailers nearly $119,000 in commissions and bonuses.

In fiscal year 2004 (July 1, 2003 - June 30, 2004), sales of lotto tickets raised $4.82 million in revenue. The first $1.4 million of revenue went to the state’s general fund, with the balance of $3.42 million going to the state’s capital construction fund, which is used for water development projects, ethanol production incentives and state highway projects.

The jackpot for tonight’s Powerball drawing is $10 million. Powerball is played in 27 states, the District of Columbia, and the U.S. Virgin Islands.

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