“To put that in perspective, during a typical week when there isn’t a jackpot run, for the whole week we do about $1.1 million”.
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Vacations, cars and new houses aside, what’s the first thing you should do after winning millions – or even a billion – dollars?
The odds of winning are 1 in 292 million, and the chances of winning the jackpot got slimmer when Powerball implemented a rule change in October 2015.
People braved the cold weather outside and swarmed inside Kelly Express on Wanamaker to buy a last minute ticket! If you’re the one lucky enough to take home the colossal prize, a local expert has some important advice on handling the news.
Here’s what you need to know.
However, residents won’t be able to buy Powerball tickets in MI until January 28, which may be too late for the $1.5 billion drawing if someone wins before then, Forbes reported. It’s their money, and who are you or I to say what they should do with it?
“If someone were to take the cash value of that, they would have to scrape by at about $868 million cash”, Gary Grief, Executive Director of Texas Lottery and Power ball Chair said. “Those lottery tickets get dispersed out to different entities”, said Mike Porras from Colorado Parks and Wildlife. “So verify all of this information and give us all of your bank information, give us your credit card information and we can send you your winnings, but you have to pay your taxes first, ‘” Mael said.
Powerball tickets are sold in 44 states, as well as in Washington, D.C., the U.S. Virgin Islands and Puerto Rico.
Ray Durben, of West Lafayette, has been playing the Ohio Lottery for more than 40 years, usually buying scratch-off tickets two or three days a week.
No one won the historic $900 million Powerball jackpot in Saturday night’s drawing, but plenty of tri-state lottery players still walked away winners.
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“They like the idea of having control of the money and certainly for estate planning purposes, for tax purposes, it makes it easier to plan”, Blehar said.
