Raising Cane’s CEO purchases additional $100,000 worth of lottery tickets for employees

Raising Cane's CEO purchases additional $100,000 worth of lottery tickets for employees

The Mega Millions jackpot has grown again, now over $1 billion. Tuesday, Raising Cane CEO AJ Kurmaran told “Fox & Friends” that the company purchased 50,000 lottery tickets for each company employee, but they didn’t stop there. Friday, Fortune reported that the company secured an additional $100,000 worth of lottery tickets ahead of Friday’s draw.

On Tuesday, the lottery numbers were up to 830 million dollars, but there was no winner, pushing the Mega Millions jackpot to $1.02 billion.

During the company’s first round of ticket purchases, Kurmaran told “Fox & Friends” “it’s not a joke.

“We’ve been around for 25 years now. We’ve always believed in sticking together as a family, taking care of each other, everything.”

The lottery jackpot has topped $1 billion and Raising Canes plans to split the winnings among its 50,000 employees. (Nam Y. Huh/AP Newsroom)

Raising Cane founder and former CEO Todd Graves paid for the first and second set of tickets. Kurmaran said that if they were to earn any money, it would be split among all of their employees. When they bought the first 50,000 tickets, they had to go to several banks to get the money and go to two different 7-Elevens to get them printed. Kurmaran told “Fox & Friends” that process took seven to eight hours.

These billion dollar lottery numbers mark the third time in the Mega Millions history, the gains have been so high. The highest jackpot dates back to 2018 when it reached $1.537 billion and was won in South Carolina. The draws take place at WSB-TV Studios in Atlanta, Georgia on Tuesday and Friday at 11 p.m. ET.

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