If you’ve ever played the lottery and hit the jackpot, you know how much money it can be. It’s a dream come true for many. However, it’s also crucial that you protect your winnings by keeping your name out of the press. This will keep you safe from crooks and long-lost friends who may want to steal your winnings.
The Powerball jackpot has reached an all-time high. This past Saturday, November 5, the jackpot surpassed a world record of $1.6 billion. A Pick-6 drawing on that night produced six winners matching five of six white balls, including the Powerball. One of them had a 3X multiplier and won $7032, while five other players each won $21,096.
This jackpot is the largest lottery prize ever. According to lottery officials, the prize will be paid in an annuity over the next 29 years. However, many lottery winners opt to claim a cash prize instead. There are several other winners, including those who won tickets worth more than a million dollars in Georgia, Oregon, and Texas.
The lucky winner will receive the cash prize in a lump sum or as a series of annuity payments. However, it is important to note that if you win the lottery, you’ll have to pay a large tax bill. Unless you have the cash to pay your taxes, the jackpot payout may not be sufficient to live a comfortable life.