One Week and Counting…

DENVER – At this time last week, the person who won the Powerball jackpot was still just another person with a ticket in their pocket and a dream in their heart. Then, at 9 p.m. on Wednesday, October 10, that ticket magically turned into $20 million big ones and everything changed.

 

The winner has still not come to Lottery offices to claim the prize, but Lottery officials are taking that as a good sign.

 

“We hope that the winner or winners are talking to an attorney or financial advisor to make sure any decisions they make about what to do with this amount of money works for them for the long-term,” said Lottery Director Peggy Gordon.

 

If the winner picks the cash value, they will walk away with $9.4 million. If they choose the annuity, they will receive a check a year for the next 30 years. The first check would be for $365,602, and the 30th payment would be $1,112,117. However, Powerball winners do not collect checks immediately. It takes approximately 15 days for money to transfer from all 31 Powerball participants into the prize fund in order to be paid out.

 

The winning numbers for the October 10 drawing were: 12, 16, 31, 33, 54 and the Powerball was 5. The Power Play multiplier was 4. We know the person who won picked their own numbers. As it turns out, 54 was a good bet – it is one of the most frequently drawn numbers, getting drawn about twice as often as the other numbers in the line.

 

Other information:

  • Colorado ranks 9th out of 31 in total Powerball sales.
  • Colorado has been a member of Powerball since 2001, and until the player hit the jackpot, the biggest prize was $1 million, won three times last year.
  • This will rank as the third largest jackpot given away in Colorado, behind Lotto jackpots of $27 million in 1992 and $21 million in 2000.
  • The largest Powerball jackpot ever was $365,000,000, won by eight meatpackers from Nebraska in February, 2006.
  • The Safeway 8543 Church Ranch Blvd. in Westminster sold the ticket. They earned a $50,000 selling bonus, which they plan to donate to a charity or non-profit in the Westminster area.
  • The winner still has 172 days left to claim.

 

Lottery proceeds are distributed to three primary beneficiaries: Great Outdoors Colorado, Conservation Trust Fund and Colorado State Parks. These organizations then provide grants and direct funding for parks, recreation, open space acquisition, trails, wildlife and conservation education.

 

October 17, 2007
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