POWERBALL JACKPOT HITS RECORD-BREAKING $425 MILLION

POWERBALL JACKPOT HITS RECORD-BREAKING $425 MILLION

FOR IMMEDIATE RELEASE

DENVER, November 26, 2012– The jackpot for Wednesday night's multi-state Powerball drawing is up to $425 million – the highest Powerball jackpot ever! The winning ticket will be worth an estimated $278.3 million in cash. 

This is only the second time in the history of United States lotteries that a lottery jackpot run has exceeded $400 million. The highest jackpot in U.S. history was a $656 Mega Millions jackpot on March 30, 2012. Previously, the highest Powerball jackpot ever was $365 million in 2006.  This historic prize is the result of 15 consecutive draws without a winner. The run started as a $40 million prize on October 6, 2012.

What could you buy with $425 million?

  • A Colorado ski resort and still have hundreds of millions of dollars left over (Steamboat sold for $265 million).
  • The 10 most expensive homes in Colorado and still have $41.8 million left over (the 10 most expensive homes are valued at $383.2 million according to Realtor.com).
  • The Colorado Rockies (currently valued at $414 million according to Forbes).
  • Eight private jets! A brand new Gulfstream G550 costs about $50 million, not including maintenance and fuel.

Powerball drawings are held every Wednesday and Saturday at 8:59 p.m. MST. Powerball is a multi-state game with a starting jackpot of $40 million and other prizes ranging from $4 up to $2 million. To play, consumers choose five numbers from 1 to 59 and one Powerball number from 1 to 35. Players that match five numbers and the Powerball win the jackpot. Players can also opt to spend an extra $1 for a Power Play option, which gives players a chance to win $2 million on the match 5 prize and increases the lower-tier prize amounts.

Proceeds from the Colorado Lottery’s games – Mega Millions, Cash 5, Scratch, Lotto, Raffle and Powerball - stay in Colorado to improve the quality of life in the state. The Lottery has returned more than $2.4 billion to the state of Colorado since it was established. Through Great Outdoors Colorado, the Conservation Trust Fund and Colorado State Parks, the Lottery has provided funding for new trails, precious open space and wildlife protection. For more information, visit www.coloradolottery.com.

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MEDIA CONTACT:                

Heather Black

PHONE303.759.6872 | CELL 303.945.9724, Heather.black@lottery.state.co.us

November 26, 2012
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