A $1 billion jackup on Thursday by the Washington state lottery is one of the biggest in history, and one that could bring more cash to the state, which has been in recession since 2009.
The Washington Lotteries website said Thursday that the winner’s cash value is now $1,367,842,000, up from $1 million in 2010.
The jackpot is equal to about 14.9% of the state’s $19 billion budget.
The jackpot was initially set at $1 but was changed to $1 at the last minute to avoid confusion with the state lottery’s $3.9 billion jackpots, which are now worth $3,095,000 each.
That money can be used to buy the lottery’s other lottery prizes, which were initially set to go to lottery winners in June and July.
The state’s lottery website has a new payout date of Dec. 9, 2021.
A $10,000 payment will be accepted for every ticket purchased.
A number of other states are offering up to $10 million in lottery proceeds to help fund the state.
That includes Oregon, where $10.5 million will go to a fund created to pay for the cost of maintaining a state-owned amusement park in Corvallis, Ore., which opened in 2014.
A total of $9.3 million will also go to the Oregon Health Authority’s “Road Fund,” which will provide grants to help build roads.
The $10 billion in lottery funds has been earmarked for education, infrastructure, roads and other programs, according to a news release.