Release from the Hoosier Lottery
As of noon
today, Multi-State Lottery Association (MUSL) officials raised
Wednesday's estimated Powerball jackpot from $425 million to $500 million due to
robust sales nationwide.
$500 million
is the biggest Powerball jackpot ever and the second-largest lottery jackpot ever
available in North America. The cash option is an amazing $327
million.
The mission
of the Hoosier Lottery is to maximize net income for the state in a
socially-responsible manner. In fiscal year 2012, the Hoosier Lottery generated
$211 million in surplus revenue which was used to significantly reduce the
motor vehicle excise tax for all Hoosier drivers and also supported the pension
funds for retired Indiana teachers, police and firefighters. Player prizes for
the fiscal year totaled $533 million and $60 million was earned by Indiana
retailers on the sale of Hoosier Lottery products.
Since its
inception in 1989, the Hoosier Lottery has produced more than $4 billion for
the citizens of Indiana, $1 billion in commissions and bonuses for
participating Indiana retailers, and has paid out more than $8.8 billion in
player prizes.
The Hoosier
Lottery reminds all players to play responsibly.
