The Powerball Jackpot Tops $300 Million: What Would You Buy if You Hit it Big?
Living 2012/11/24 17:07:36
For the third time this year, the Powerball jackpot is over $300 million and could completely change the destiny of the lucky winner by a tremendous margin. One fortunate man, Donald Lawson of Lapeer, Michigan, can tell you all about it. He claimed $224.6 million on August 31 — Powerball's biggest cash prize ever.
Thus far, the latest Powerball jackpot hasn't been hit and it's become the fourth largest in the game’s history. Some fortuitous player might be six numbers away from a prize that’s currently worth $325 million, or roughly $212 million in a single cash payout. Powerball’s direct competitor, Mega Millions, is putting up a pot that's much smaller, with an estimated take of $49 million. That’s a $37 million one-time award option. Although if a person won that much money, it's doubtful they'd be complaining.
Powerball charges $2 a ticket, while Mega Millions sells for $1 per ticket. The longer time passes without anyone hitting the bonanza, the more valuable the pool gets. There’s never been a billion dollar lottery take but a time could come when that's the case. For now, expect people to frantically rush to their local store to purchase tickets, as they hope like millions of other Americans that they might get lucky and be able to buy the high priced items of their dreams. We have to ask: What would you buy if you hit it big?
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