POWERBALL JACKPOT HITS RECORD-BREAKING $475 MILLION: THIRD LARGEST EVER

POWERBALL JACKPOT HITS RECORD-BREAKING $475 MILLION: THIRD LARGEST EVER

FOR IMMEDIATE RELEASE

DENVER, May 16, 2013– The jackpot for Saturday night's multi-state Powerball drawing is up to $475 million! The winning ticket will be worth an estimated $302.4 million in cash. This is only the third time in the history of United States lotteries that a lottery jackpot run has exceeded $400 million and come close to half a billion dollars. The highest jackpot in U.S. history was a $656 Mega Millions jackpot on March 30, 2012. Prior to that, the highest Powerball jackpot ever was $365 million in 2006.  

The new high-water mark of $475 million for the current Powerball jackpot was achieved after no winning tickets were sold for Wednesday night's $363.9 million grand prize. The historic prize is the result of 13 consecutive draws without a winner.  The run-up started as a $40 million prize on April 3, 2013. And if past ticket sales are any indication of what will happen this week, the jackpot may get bigger — much bigger — by the time the drawing kicks off.

Powerball drawings are held every Wednesday and Saturday at 8:59 p.m. MST. Ticket sales close on Saturday, May 18; at 7:30 p.m. 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. Powerball is now played in 43 states, plus the District of Columbia and the U.S. Virgin Islands. 

Proceeds from the Colorado Lottery’s games – Mega Millions, Cash 5, Scratch, Lotto, Pick 3 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:                

Brooke Christopher

PHONE303.759.6846 | CELL 303.945.9724, Brooke.Christopher@Lottery.state.co.us

  

May 16, 2013
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