Monday, June 13, 2016

Powerball’s Boom Helps Fund Economic Development

This year, Powerball has reached its record jackpot at a $1.5 Billion mark. The jackpot was won by three ticket-holders – from Tennessee, Florida, and California. To this day, the California has yet to step up and take their share of the jackpot.

Aside from the three winners, the $1.5 billion jackpot also helped a hefty number of Americans. In the year’s first three months, Powerball ticket sales brought in $11.8 million for Oregon’s Economic Development fund. That’s nearly $9 million more than the previous quarter. All thanks to the record-breaking Powerball jackpot in January.

The larger the jackpot, the higher the sales. The higher the sales, the more they fund. In the state’s 2013-2015 budget cycle, public education received 57 percent of lottery funds, and 27 percent went to economic development. 15 percent were shared to state parks and natural resources. Meanwhile, 1 percent were given to programs that focused on treating gambling addiction.

Accordingly, the upcoming Powerball jackpot is at $137 million for Wednesday’s draw. If you want to play the Powerball, you can do so at At the time of writing, you can participate in the Powerball, Mega Millions, Euro Millions, and more via the link from anywhere in the world.


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