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Illustration: Sarah Grillo/Axios

Colorado Gov. Jared Polis unveiled Tuesday the Colorado Comeback Cash Vaccine Drive, a five-week sweepstakes program modeled after Ohio’s that will reward five mega-lucky Coloradans with $1 million each for getting a COVID-19 vaccine.

How it works: Winners, who must be 18 years or older, will be announced on Fridays, starting June 4.

  • If you’ve received at least one vaccine, you’ve been automatically enrolled in the lottery through the state’s health department.
  • The last drawing will be Wednesday, July 7. Get your shot by June 30 to qualify.

By the numbers: The odds of winning are super slim at 1 in 500,000, Polis estimates. But hey, that's still a chance!

What he’s saying: "If you have been delaying plans to get vaccinated or are still on the fence, now is the time to swing big. It could transform your life," Polis said. "Buy a new home. Take that vacation. Take six months off. Do whatever you like. $1 million goes a long way."

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Go deeper

Aug 26, 2021 - Health

Texas Gov. Greg Abbott bans COVID vaccine mandates

Texas Gov. Greg Abbott during a June briefing in Weslaco, Texas. Photo: Brandon Bell/Getty Images

Gov. Greg Abbott has issued an executive order banning COVID-19 vaccine mandates by any Texas government entity and urged state lawmakers to pass it into law during the ongoing special session.

Why it matters: The announcement comes as Texas grapples with a massive surge in coronavirus cases and as the state reported the most COVID hospitalizations since the pandemic began.

Instagram pauses development of platform for kids

Photo: Lorenzo Di Cola/NurPhoto via Getty Images

Instagram announced Monday that it is pausing its plans to develop a version of its platform for children under 13.

Why it matters: Facebook has received backlash since the Wall Street Journal published a report that showed the company knew its Instagram app is harmful for teenagers.

Stock buybacks boom as corporate cash piles grow

The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year. 

Why it matters: Companies hoarded cash and raised prices over the past year — leaving them with a lot of money and decisions about what to do with it.