Money is in the Air at Swinomish Casino & Lodge
Posted by Katya Slater-Szirom
This March, enter our Cash Cube for a chance to win up to $5,000! Starting February 27, earn entries daily for the opportunity to play March Money Madness. Once inside the Cash Cube, each contestant will have 30 seconds to grab as much money as possible with their hands. Drawings will be held each Monday in March from 6pm to 10pm at the Main Stage.
Get ready to win some money, and learn a bit about the United States’ currency and history below!
New Dollar Designs
The Department of the Treasury recently announced that they will design and print new notes for $5s, $10s and $20s. The new $20 will feature Harriet Tubman and former President Andrew Jackson, and the new $10 will feature prominent women in abolition and women’s rights.
Lifecycle of Money
What happens to money that’s been around the block? According to the Federal Reserve, when money is deposited back at a Federal Reserve Bank, they use sophisticated equipment to determine the quality of each note. Money that’s still in good condition gets recirculated, while money that isn’t gets destroyed. The average lifespan of a bill, depending on the domination, is anywhere from 5.8 years to 15 years.
Cost to Print
Each year, the Federal Reserve places an order for new bills with the Department of the Treasury’s Bureau of Engraving and Printing, which produces new notes. The 2016 budget was $737.4 million, and it costs anywhere from 5.5 cents to 14.3 cents to print different dominations.