What is the minimum advertised jackpot for this American lottery game offered by 44 states, one of which is Wisconsin, the District of Columbia, Puerto Rico and the US Virgin Islands?
Powerball Powerball is an American lottery game offered by 44 states, the District of Columbia, Puerto Rico and the US Virgin Islands. It is coordinated by the Multi-State Lottery Association (MUSL), a nonprofit organization formed by an agreement with US lotteries. Powerball's minimum advertised jackpot is $40 million (annuity); Powerball's annuity is paid in 30 graduated installments or winners may choose a lump sum payment instead. One lump sum payment will be less than the total of the 30 annual payments because of the time value of money.
Virginia Lottery The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in favor of a state lottery. The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education. In Fiscal Year 2017, the Lottery's profits totaled well over a half billion dollars, accounting for approximately 9 percent of school funding in Virginia. That brought total Lottery profits in Virginia (from 1989 to June 2017) to more than $11 billion.