More ways to lose money | Arkansas Blog

Thursday, January 28, 2010

More ways to lose money

Posted By on Thu, Jan 28, 2010 at 10:28 AM

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Starting on Sunday, Arkansans will be able to put their money down on another multi-state lottery game, Mega Millions.  In the past, states could only participate in one multi-state game, either Powerball or Mega Millions, but that changes after Jan. 31.  Press Release on the jump.

In other lottery news, the Arkansas Lottery Commission Legislative Oversight Committee meets today at 1:30 at the State Capitol.  The committee will discuss legislative recommendations for the 2010 fiscal session, although no specific recommendations are listed on the agenda.

Arkansas Scholarship Lottery Commences Sale of Mega Millions Game

Little Rock – For immediate release Jan. 28, 2010 – The Arkansas Scholarship Lottery (ASL) will begin the sale of the multi-state lottery Mega Millions jackpot game this Sunday, January 31st. Players in 33 jurisdictions, including Arkansas, will be able to purchase tickets for both Powerball and Mega Millions at official lottery retail locations. Before January 31st, individual states could participate in only one of the two national multi-state games.

“Since the inception of both Powerball and Mega Millions, over $17.6 billion has been raised for the good causes funded by lotteries around the United States,” said Ernie Passailaigue, Arkansas Scholarship Lottery Executive Director. “Now, Arkansans can play both games here, and all the net proceeds from our ticket sales will benefit our college-bound citizens.”

Even though there are a number of differences in the two games, the multiplier feature for Mega Millions, known as the Megaplier, is similar to the Powerplay option of Powerball, as an extra one dollar wager will allow the player to multiply the non jackpot prize. For a more in-depth discussion of both games, including the rules and a simulated play feature, players can go to the ASL website www.myarkansaslottery.com.

The jackpot for Saturday’s Powerball drawing is an estimated $90 million and for Friday’s Mega Millions drawing is $144 million.

About Powerball, Mega Millions and the Arkansas Scholarship Lottery:
Powerball, formerly known as Lotto America, began on February 10, 1988. The base jackpot starts at $20 million. Powerball drawings are held Wednesdays and Saturdays at 10:59 p.m. Eastern Time, 9:59 p.m. Central Time and 7:59 p.m. Pacific Time.

Mega Millions, formerly known as The Big Game, began on August 31, 1996. The base jackpot starts at $12 million. Mega Millions drawings are held Tuesdays and Fridays at 11:00 p.m. Eastern Time, 10:00 p.m. Central Time and 8:00 p.m. Pacific Time.

For more information on:
• Powerball, visit www.powerball.com
• Mega Millions please visit: www.megamillions.com
• Arkansas Scholarship Lottery visit: www.myarkansaslottery.com

The purpose of the ASL is to provide scholarships and grants to Arkansas residents enrolled in public and private nonprofit two-year and four-year colleges and universities within the state. At the end of December, 2009, the ASL reported net proceeds for college scholarships that exceeded $29.2 million.

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