State set to draw winners in first permanent fund raffle

    Juneau, Alaska (AP) - The first winners of Alaska’s new Permanent Fund dividend raffle are expected to be chosen in a drawing later this month.

    Anchorage Daily News reported the drawing in the first year of a program intended to benefit Alaska public schools is scheduled to be held at a Juneau elementary school Jan. 28.

    Officials say the top prize will be $17,396, an amount set by the purchase of 8,698 entry tickets by state residents.

    The second prize is $8,698, third prize is $4,349 and fourth prize is $2,174.50.

    The figures were lower than the preliminary amounts announced in April.

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