It's the 9th largest jackpot in the game's history, officials said.
Will the Smith family be blessed or cursed by their "divine intervention?" God only knows.
Just when you thought it was safe to be a lottery winner comes the buzzkilling news that many winners, even those in the multimillion dollar range, manage to blow through their windfalls and are back to broke in under seven years.
Lottery winners have a well-known history of losing all of their winnings quickly. As a wealth advisor & financial planner, here is how I would recommend breaking it all down in order to protect your money, and have your money work for you.
I have never had huge lump sums in my life, it is more like money has been piling up slowly but surely, and for as much as I would like to think I wouldn't go crazy, I'd probably, just a little bit... So what to do if you actually win the lottery?
Disappointed about missing out on the $1.6B jackpot Wednesday night? If you bought a ticket, of course you are! Chances are good, however, that you won't have to wait terribly long for another opportunity.
We're all winners, folks.
As everyone in America seems to know, the Powerball jackpot has reached new heights, with an estimated annuity prize of $1.5 billion for the drawing on Wednesday, January 13, 2016. A monster jackpot is exactly what Powerball hoped for when it changed its game structure last fall.
And then how much money you'd STILL have left afterward. 💰