create your own

Georgia Lottery

66
rate or flag this page

By gss


www.galottery.com

Georgia Lottery Corporation

250 Williams Street

Suite 3000

Atlanta, GA 30303

Player Information Hotline

Inside Georgia: 1-800-GA-LUCKY

Outside Georgia: 1-900-25 -LUCKY

Main Office: 404-215-5000

The Georgia Lottery was created in November 1992 by the people of Georgia to enhance education funding. The Lottery for Education Act created the Georgia Lottery Corporation (GLC) to oversee and operate the lottery. The proceeds are used to supplement, not supplant, traditional educational funding. According to a recent report issued by the State Auditor, general fund appropriations to education have increased since the Lottery's inception.


Georgia Lottery Games

  • Cash 3
  • Cash 4
  • Fantasy 5
  • Win for Life
  • Mega Millions
  • Keno
  • Instant Games
  • Millionaire Raffle

Get Ticket with Cash Option or Annuity Option?

The two options are different because it represents a different payout for the winners.

The Georgia Lottery Corporation advertises its jackpots at the estimated 26-year annuity value for Mega Millions. When the players choose the annuity option on their prize, the Georgia Lottery pays the prize out over 26 years by buying U.S. Government Treasury Securities, which earn interest and mature annually over the time period. That annual return is the amount winners receive each year for the 26 year period. With the Cash Option, the Lottery takes the amount of money that would have been invested and pays it directly to the winner in one payment. Both payment options have federal and state taxes deducted from them.

Georgia State Lottery Ad

Lottery Lottery
Price: $3.25
List Price: $24.95
Lottery Master Guide Lottery Master Guide
Price: $16.65
List Price: $24.50
The Basics of Winning Lotto/Lottery The Basics of Winning Lotto/Lottery
Price: $2.99
List Price: $4.95
Lottery-Winners' Guide: When It Happens to You Lottery-Winners' Guide: When It Happens to You
Price: $6.99
List Price: $6.99

Comments

RSS for comments on this Hub

No comments yet.

Submit a Comment

Members and Guests

Sign in or sign up and post using a hubpages account.


optional


  • No HTML is allowed in comments, but URLs will be hyperlinked
  • Comments are not for promoting your hubs or other sites

working