Win the Powerball jackpot It is the dream of millions of people. Who wouldn’t want to take the US$1.76 billion that came out of Texas? But, to play or manage the money earned, there are myths that you must banish. In this note you know which are the most common.
On October 6, 2023, the second largest in the history of the US lottery came out in Texas, which is only surpassed by the US$2.04 billion that Edwin Castro won, in November 2022, in California. These exorbitant sums increase the desire of millions of people to obtain a fortune.
Around games of chance, such as the famous Powerball lottery, however, there are many myths about how to play, how to increase your odds, as well as how you should manage your money.
WHAT ARE THE MOST COMMON MYTHS ABOUT POWERBALL?
Learn four myths about Powerball, according to how New York Newspaper:
1. Playing with the same numbers increases your chances of winning
Many believe that always playing with their lucky numbers, such as anniversary or birthday dates, will increase your odds, but you should know that in each draw the numbers are drawn at random. Most of the winners have come out at random.
2. Asking for your pot in cash is better than annuities
If you won the Powerball jackpot, you can choose whether you want the prize in a single payment, which reduces the prize to less than half, or in 29 annual payments. Most prefer to ask for cash payment, but they do not always know how to handle a tremendous amount of money. Annuities, on the other hand, allow you to have a margin of error and you will have the time necessary to think about your investments.
3. You don’t need an advisor to manage the Powerball jackpot
Because no one is prepared to handle so much money at once, it is important to seek specialized financial advice so as not to fall into waste or mistakes that leave us even worse than before. This has happened.
Having an advisor can help you make a plan for your future earnings, as well as determine how much you can comfortably spend now and perhaps in the future. It can also help you stay anonymous. Also, an accountant can help you meet your tax obligations and an attorney can handle estate planning.
4. If I win a Powerball prize, my life will be ruined
Many times we have heard stories of people who ended up in ruin after winning the lottery, even dead. However, there are studies that show that lottery winners end up happier. The important thing is to manage the Powerball jackpot in a responsible and orderly manner.
WHAT ARE THE POWERBALL PRIZES?
- 5 numbers + Powerball: Jackpot (jackpot)
- 5 numbers: 1,000,000 dollars
- 4 numbers + Powerball: $50,000
- 4 numbers: 100 dollars
- 3 numbers + Powerball: 100 dollars
- 3 numbers: 7 dollars
- 2 numbers + Powerball: 7 dollars
- 1 numbers + Powerball: 4 dollars
- Powerball number: 4 dollars.