The Powerball lottery sets records again.
With another draw still without a winner, the lottery’s jackpot has reached an estimated $850 million. It is the fourth largest in its history. The company previously won a $1.08 billion bonus earlier this year.
If someone correctly selects all five numbers in tonight’s drawing as well as the Powerball, they will have the option of paying $850 million over 29 years, or a one-time payment of $397.4 million. Of course, in the last 29 pictures, no one has done that.
As of Wednesday morning, your chances of successfully picking all the numbers were 1 in 292,201,338.
Winning the lottery can be a windfall for people, but it often brings unexpected headaches, and many winners end up in poverty. That’s not the case with last year’s $2 billion Powerball jackpot winner, but he’s been spending big since winning, buying a $25.5 million hillside home in the Hollywood Hills and a $47 million Seven bedroom, 11 bathroom residences including a large residence. Infinity pool and panoramic views of Los Angeles.
To be clear, experts recommend that with such a huge payday, it’s wise to invest it and live off the interest. (Heck, just investing your one-time profit in a two-year Treasury bill could earn you $40 million, and the bills could net you $1.5 million in just one month.) Perhaps the most ostentatious way to do that, consider The following options:
Buy your own private island
Rangya Island is a 110-acre paradise off the coast of Thailand for sale $160 million. Want something closer to home? Long Coco Caye is located near Belize, covering an area of 38 acres and costing only US$100 million to build.
Take your friends to outer space
Sign up for a flight with Virgin Galactic with your friends. Each ticket costs $450,000so you can bring the whole gang and even buy a drink when you return to tera Firma.
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