A lucky person who bought a ticket in Arkansas will take home a whopping $1.817 billion Powerball jackpot, which has a cash option of $834.9 million.
The Christmas Eve prize is the second-largest U.S. lottery jackpot ever won and the largest Powerball prize this year, according to a news release from the Multi-State Lottery Association.
Lotto winners rarely stay out of the hamster wheel.
By definition, people who play the lottery are bad at managing money.
Then everyone they’ve ever known comes out of the woodwork looking for money.
They end up blowing through it in a handful of years and end up poorer than when they started.
My plan for if I ever win the lottery…first thing, before telling anyone (except maybe my wife but she can’t keep a secret for shit), is to find a good lawyer. Not brag to family or friends. Not cash it in. Lawyer.
Then find a real good financial advisor. This amount of money could provide generational wealth. 800m in S&P would earn 40-80 million per year. That’s way more than enough for me and my immediate family to never work again, for several generations.
Of course that’ll never happen, because you can’t win if you don’t play.