An estimated $1 billion (that’s with a “B”) will be on the line in Wednesday’s drawing of the Powerball Lottery. That’s a cash value of about $516,800,000, or what anyone would call “life-changing money.”
On Monday, no one won the roughly $900,000,000 Powerball prize from the popular interstate lottery, so the figure just keeps going up, to what could be $1 billion to a lucky winner or winners.
Coloradoans can get Powerball tickets until 7:30 p.m. MDT. The winning numbers are selected at 10:59 PM EDT (8:59 MDT) in Florida where the drawing takes place.
To plan your purchase, make sure to buy your Powerball numbers before that 7:30 p.m. deadline.
Your chances of winning are 1 in 292 million, but with that much at stake, a $2 ticket seems like a no-brainer for the opportunity.
Guide to buying your Powerball ticket in Colorado
Remember, you must purchase your Powerball tickets for Wednesday’s historic $1 billion drawing by 7:30 p.m. MDT.
Where to buy Powerball tickets
There are more than two hundred retail locations in Colorado that sell Powerball tickets. These locations are licensed lottery agents, which is the only place you can legally purchase Powerball tickets.
Colorado doesn’t have online lottery, but Powerball tickets can also be purchased online through the Jackpocket CO app.
Use the state’s Locate A Retailer page to find the nearest lottery retailers in your area.
How to play Powerball
To win the Powerball grand prize, you must pick five numbers from 1 to 69 and successfully choose a Powerball number from 1 to 26. Prizes are also awarded for matching five or four numbers.
Each regular Powerball ticket is $2, but you can also add a Power Play for $1. The Power Play multiplies your potential winnings by a random factor drawn from a hat before the drawing takes place. It could be between 2x and 10x the amount. That means Wednesday’s drawing could be worth as much as 10x if the Power Play ends up being 10x. The Power Play does not apply if you win the grand prize or $1 million prize for matching five numbers, that total can only be as much as double, or $2 million.
In addition to the five numbers, you must match the Powerball (sixth number 1-26) to win the big prize.
In Colorado, you can also pay an extra $1 for the Double Play. With Double Play, a player’s numbers are tossed into a second drawing that takes place after the Powerball draw. That prize is capped at $10 million.
Here are the prizes available for Powerball in Colorado:
- Five numbers + Powerball: jackpot
- Five numbers: $1 million
- Four numbers + Powerball: $50,000
- Four numbers: $100
- Three numbers + Powerball: $100
- Three numbers: $7
- Two numbers + Powerball: $7
- One number + Powerball: $4
- Match the Powerball only: $4
Italics = not eligible for Power Play boost.
You can buy Powerball tickets using cash or a credit/debit card at any licensed retailer in Colorado. You may be asked to provide an ID to prove you are at least 21 years of age.
Colorado’s List of Powerball Winners is Growing
Last Saturday, four people in Colorado were big winners, taking home at least $50,000 each in that evening’s Powerball drawing.
A customer at a convenience store in Parachute won $1 million, one of three people nationwide to win that much by matching five numbers in Powerball.
One other Colorado customer won $100,000 from their ticket purchased at a convenience store in Littleton. Someone at a 7-11 in Arvada also won $100,000. And finally, Ringo’s Super trading post in Trinidad sold a $50,000 winning ticket in Colorado. According to state lottery officials, $1.25 million was won by Colorado residents in Saturday’s drawing.
What are the Powerball Prize Payment Options?
If you’re lucky enough to win the Powerball jackpot (worth as much as $1 billion on Wednesday, July 19), you can receive your money in one of two ways:
- A lump sum
- Annual payments over 29 years
In the first option, a lump sum, the total prize will be calculated after taxes are paid to the state of Colorado and the Federal Government. Typically, that figure is about half the prize amount.
In the second option, the prize is treated as an annuity, and the winner will receive the full prize amount, in steadily rising payments.
Highest Paying Powerball Jackpots
|1. $2.04 billion||Powerball||Nov. 7, 2022||California|
|2. $1.586 billion||Powerball||Jan. 13, 2016||California, Florida and Tennessee|
|3. $1.537 billion||Mega Millions||Oct. 23, 2018||South Carolina|
|4. $1.35 billion||Mega Millions||Jan. 13, 2023||Maine|
|5. $1.337 billion||Mega Millions||July 29, 2022||Illinois|
|6. $1.05 billion||Mega Millions||Jan. 22, 2021||Michigan|
|7. $1 billion||Powerball||Current jackpot||TBD|
|8. $768.4 million||Powerball||March 27, 2019||Wisconsin|
|9. $758.7 million||Powerball||Aug. 23, 2017||Massachusetts|
|10. $754.6 million||Powerball||Feb. 6, 2023||Washington|