Jackpot alert! $850 Million Powerball

Sep 27, 2023

Five lucky Colorado winners hit big this month

The Powerball jackpot is at a staggering $850 million for the next drawing on Wednesday, Sept. 27. That makes this the fourth largest Powerball jackpot and ninth largest U.S. lottery jackpot ever!

If a player wins the jackpot on Wednesday night, they will have the choice between an annuitized prize worth an estimated $850 million or a lump sum payment estimated at $397.4 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.

While we may not have won a big jackpot yet, five lucky Coloradans have won some hefty prizes on Powerball this month:

  • 9/25/23 Drawing: $100,000 winning ticket sold in Elbert
  • 9/23/23 Drawing: $100,000 winning ticket sold in Golden
  • 9/16/23 Drawing: $50,000 winning ticket sold in Montrose
  • 9/11/23 Drawing: $50,000 winning ticket sold in Lakewood
  • 9/9/23 Drawing: $100,000 winning ticket sold in Monument

Colorado has had three Powerball jackpot winners since the game was introduced to the state in 2001.

  • 2007: Colorado had its first-ever Powerball jackpot winners when two families shared a $20 million jackpot. 
  • 2014: Colorado’s second Powerball winner from Rifle wins $90 million.
  • 2017: Colorado’s third Powerball winner from Clifton wins $133.2 million, making them the highest Colorado jackpot winner in history.

It's certainly been a while - we think it's time for a Colorado Powerball jackpot winner! Get your Powerball tickets at a Lottery Retailer today - don’t wait - players must purchase tickets by 7:29 p.m. the day of a drawing. Never played before? It's easy - here's how.

Powerball Fast Facts

  • Powerball drawings are held every Monday, Wednesday and Saturday at at approximately 9 p.m. MST. Drawings are held at the Florida Lottery in Tallahassee, Florida.
  • To play, players choose five numbers from 1 to 69 and one Powerball number from 1 to 26. Quick Pick chooses your numbers for you. (Fun fact: In Colorado, about 80 percent of purchases are Quick Picks.)
  • To win the jackpot, a ticket must match all five numbers plus the Powerball number. 
  • Players have until 7:29 p.m. to purchase tickets on the day of a drawing.
  • Tickets are $2 and players can also opt to spend an extra $1 for a Power Play option for a chance to multiply lower-tier prize amounts. 
  • The Double Play option is an additional $1 per play and offers a second chance to match your numbers in an additional drawing conducted immediately after each Powerball drawing. 
  • Lottery games may be purchased using a debit card where accepted by retailers (not all retailers accept debit cards). Lottery tickets can never be purchased with a credit card.
  • Be a responsible player and know the odds. 
    • The overall odds of winning a prize are 1 in 24.9. 
    • The odds of winning the jackpot are 1 in 292.2 million.
    • Players have the same odds in every Powerball drawing regardless of the jackpot amount or how many tickets are sold for a particular drawing. 
  • Players can buy up to 13 weeks (39 drawings) in advance by asking for Advance Play.
  • More than 50% of all proceeds from Colorado Powerball ticket sales remain in Colorado to fund parks, recreation, open space, wildlife projects, and public school construction.

Where the Money Goes
Since the very first ticket was sold in 1983, the Lottery has given back over $4 billion for good causes all across the state, at no cost to taxpayers. Lottery proceeds have funded countless projects, large and small, in every community from the Eastern Plains to the Western Slope. See where the money goes. 

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