Sunday, January 10, 2016

Powerball pot tops $1.3 billion

Posted By on Sun, Jan 10, 2016 at 7:18 AM

screen_shot_2016-01-10_at_7.12.04_am.png
No one won last night's grand prize in the Powerball lottery drawing and the pot for Wednesday's drawing on new ticket purchases now stands at $1.3 billion, or a lump sum payment for a single winner of $806 million.

I suspect that number will rise substantially as ticket buyers rush to squander money on the exceedingly small odds (1 in 290 million) of winning.

But it's good news for the Arkansas Lottery. About half the proceeds of sales wind up in the lottery's scholarship fund. It sold better than $5 million in tickets on this drawing on Friday and Saturday.

Tags: , ,

Favorite

Speaking of Arkansas Lottery, Powerball

  • Legislative committee refuses to OK lottery ad contract UPDATE

    January 18, 2017
    A review subcommittee of the Joint Budget Committee this morning failed to "review," or approve, the $34.5 million contract with CJRW to take over the Arkansas Lottery's marketing, which had been held by Mangan Holcomb. But that isn't the end of it. /more/
  • Challenges of lottery ad contract rejected

    January 5, 2017
    The latest on the contest of award of the contract to handle advertising for the Arkansas Lottery is a letter from the state procurement director,, Edward Armstrong, rejecting challenges to the proposed award of the business to CJRW. /more/
  • Protest filed over lottery's ad firm choice

    December 15, 2016
    Kyle Massey at Arkansas Business has a good rundown on a developing controversy in the advertising world — the Arkansas Lottery Commission's award of its advertising work to CJRW. /more/
  • Winners, losers

    December 15, 2016
    The Arkansas Lottery limps along with generally static revenue. It is under-producing money for college scholarships and the awards continue to lose ground against college tuition increases required by declining state general revenue support. /more/
  • Lottery ticket worth $1 million

    October 24, 2016
    William Tinzie of Forrest City claimed a $1 million prize with a $20 Golden Ticket purchased at Jordan's Kwik Stop in Wynne. /more/
  • Lottery reports revenue increase in July

    August 10, 2016
    The Arkansas lottery reported today that lottery ticket sales were up more than $6.5 million in July compared with July 2015, thanks in part to big sales of tickets in the national Powerball and Mega Millions games. /more/
  • Pine Bluff lottery ticket worth $1 million

    August 9, 2016
    Stacy Tackett of Pine Bluff won $1 million in a drawing from losing lottery tickets, the Play It Again contest, the state lottery announced. Her loser, which turned into a winner, was purchased at a Valero outlet in Pine Bluff. According to the lottery, she'll buy a  truck, set up trusts for her children and save the rest. /more/
  • Arkansas lottery up over previous year, still down from startup

    July 11, 2016
    Arkansas lottery sales in the year ending June 30 were up sharply over the previous year, if well below projections for scholarship proceeds when the lottery was established as well as earliest results /more/
  • Lottery revenue continues to improve against last year

    June 10, 2016
    The Arkansas Lottery reports that it netted $6.6 million in May for scholarships, about $200,000 above budget. That put revenue for the first 11 months of the budget year at $74.1 million, about $5 million above budget and $10 million above last year. /more/
  • Ray Thornton dies at 87

    April 13, 2016
    Arkansas Business reports the death this morning of Ray Thornton, 87, a former congressman, Arkansas Supreme Court justice and president of the University of Arkansas and Arkansas State University. /more/
  • More »

Comments (19)

Showing 1-19 of 19

Add a comment

 
Subscribe to this thread:
Showing 1-19 of 19

Add a comment

More by Max Brantley

Readers also liked…

Most Shared

Visit Arkansas

1.73-carat diamond found at Crater of Diamonds State Park

1.73-carat diamond found at Crater of Diamonds State Park

Jack Pearadin and Doug Nelsen found a 1.73-carat diamond after nearly a year of searching the park's field.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation