. With the Powerball jackpot topping $1 billion, millions of people across the country will be lining up at convenience stores, grocery and gas station counters hoping to hit it big. The new jackpot for Wednesday's drawing would be the seventh highest in U.S. history and the third largest for Powerball. If a sole player picks all five numbers plus the Powerball number drawn, they have the option of taking the $1 billion prize in yearly increments paid out over 29 years or a $516.8 million one-time lump sum before taxes Meanwhile, The Mega Millions jackpot has risen to an estimated $720 million after no winning ticket was sold on Monday. Despite the game's long odds of 1 in 302.6 million, many will be hoping they can draft their resignation letters ahead of Friday's draw. Follow our live blog for updates of the draw, which is scheduled to commence at 10.50pm (Eastern Time). Given $1 billion has NINE zero's, you can buy pretty much anything you want. A billion dollars could buy you around 200 Bugatti Mistral Roadsters, dozens of eight-seater private jets, or several private islands in the Caribbean. But don't make the mistake of thinking you could never spend it all, warned Shean Fletcher, a wealth advisor in Kansas City, Missouri. Among things to keep in mind are that huge jackpots also bring huge tax bills, he said. Not just on the money itself, but high-dollar houses, cars, planes and other property also usually come with big recurring tax and upkeep bills. The idea that lottery winners can just spend lots of money daily forever is a fallacy that has seen more than one){kind=link}
Tonight’s billion-dollar Powerball drawing â combined with a Mega Millions jackpot that keeps growing â means some lucky winners could become millionaires this week – as some of the biggest prizes in history are yet to be claimed
The stakes have never been higher as the Powerball Megamillions Jackpot soars to an unbelievable $1 billion – and someone could have the golden ticket this evening. (July 19).
With the Powerball jackpot topping $1 billion, millions of people across the country will be lining up at convenience stores, grocery and gas station counters hoping to hit it big.
The new jackpot for Wednesday’s drawing would be the seventh highest in U.S. history and the third largest for Powerball. If a sole player picks all five numbers plus the Powerball number drawn, they have the option of taking the $1 billion prize in yearly increments paid out over 29 years or a $516.8 million one-time lump sum before taxes
Meanwhile, The Mega Millions jackpot has risen to an estimated $720 million after no winning ticket was sold on Monday. Despite the game’s long odds of 1 in 302.6 million, many will be hoping they can draft their resignation letters ahead of Friday’s draw.