Winners drawn in the 4th Annual PFD Education Raffle

FAIRBANKS, Alaska (KTVF) - The 4th Annual Permanent Fund Dividend Education Raffle took place today, Wednesday, Jan. 25, with a first place prize of just over $56,000.

This year, 8,740 people participated in the raffle. The total amount to be split between four people is $105,687.16.

The remaining balance will be divided. $437,000 is going to public education across the state. Just over $218,000 will go into the Education Endowment Fund for future education support, and $218,000 will go back into the education raffle fund.

Fourth place with 1 percent of the prize money went to Suzanne Taylor for a total of $7,455.81.

Third place with 2 percent of the prize money went to Charles Green for a total of $14,091.62.

Second place with 4 percent of the prize money went to John Erickson for a total of $28,183.24.

The First place winner with 8 percent of the prize money went to Hannah Palmiter for a prize total of $56,366.49.

So far the balance for next year’s raffle is up to $598,898.92.

Anyone 18 years old or older that files a PFD online application for themselves will be provided an option to choose to donate money from his or her PFD to public education. For every $100 you donate you “buy” 1 entry into the Education Raffle. Donations are made in $100 increments. If you donate $200 you “buy” 2 entries, and so forth. Each entry goes into a drawing to be drawn by the Revenue commissioner, or designee. The yearly drawing is usually drawn the last Wednesday of the first month of the New Year.

For more information about the Permanent Fund Dividend Education Raffle visit the State of Alaska: Department of Revenue Permanent Fund Dividend website.

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