There was no Powerball jackpot winner Monday — lottery players can still dream in billions.
The new jackpot is now $1.2 billion, and the next drawing will happen at 8:59 p.m. Wednesday
“This is only the second time that Powerball’s advertised jackpot has reached $1 billion,” said Drew Svitko, Powerball Product Group chair and Pennsylvania Lottery executive director, in a Monday
The news release also states that the odds of winning the jackpot are 1 in 292.2 million.
We’ve compiled a list of ideas to get the ball rolling on how a winner can spend their prize money.
- There are a ton of Most of them are running for under a billion.
- You can buy into the frozen pizza market, which is . Investing is always a good idea.
- Want to throw everyone for a loop? With a billion dollars, you can buy nearly 8,000
- As of right now, the Berkshire Hathaway stock is the most expensive, If you didn’t like the frozen pizza idea, maybe this is more your speed.
- Colorado is home to many successful (and not quite as successful) sports teams. You can turn watching the Rockies from painful to profitable by nearly winning enough to buy the entire team
- In Colorado, marijuana is always a safe investment. can cost anywhere from $250,000 to $750,000.
- With your prize money, you can buy nearly 150 million .
- While it’s not something you can buy, it’s worth noting that if you win, you’d be worth more than Broncos quarterback . Maybe you can take him out to a nice dinner.
- With your prize money, you and nearly 814,000 of your closest friends can hit the slopes with your .
- Of course, donating money is always a great option. On the , you can find a list of different Colorado charities.
The largest jackpot in Powerball’s 30-year history was in October 2018 at $1.537 billion.
The news release said that winners can choose to receive their prize in 30 graduated payments over 29 years or one full payment. The take-home estimate is $596.7 million, after a 24% federal tax withholding, according to Powerball.
Updated 7:40 a.m. Nov. 1, 2022 This story has been updated to correct the size of the Powerball jackpot. It is $1.2 billion.
