Powerball jackpot approaches half-billion dollars
The Powerball jackpot swelled to an estimated $495 million, creating the largest jackpot of 2019, after no one held a winning ticket in Wednesday night’s drawing.
Read about an even bigger jackpot: ‘El Gordo’ and its $2.4 billion jackpot draw crowds to Spain’s luckiest lottery shop The odds of winning Powerball are about 1 in 292 million, and those for Mega Millions are 1 in nearly 303 million. Sadly, you are more likely to die or kill someone while driving 2 miles to buy your Powerball ticket. Or to be attacked by a shark.
Financial advisers have plenty to say about what to do with the winnings: for example, these five must-dos after winning a lotteryExperts also have strong views on not wasting money buying a lot of tickets, given the vanishingly slim odds. Some of the biggest buyers of what many describe as a voluntary tax are low-income earners, as MarketWatch has reported. That makes it a regressive tax, effectively, in critics’ view. Others make the case that investing in the S&P 500 index SPX, +0.
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