How to spend a US Powerball jackpot

Have you ever wondered what it might be like to win the US Powerball jackpot? Of course, you have! The US Powerball jackpot is one of the largest in the world and has been making headlines over the last few years for its sheer scale. In 2016, for instance, three winners shared an enormous $1.6 billion jackpot, receiving a little over $533 million each - that’s nearly £400 million.

In October 2018, the New York Times reported that the US Powerball and Mega Millions jackpots had hit $2 billion, or enough money to buy a brand new nuclear submarine.

But what can you do with all that money once you’ve got it? Is there really any way to spend it all? Let’s take a look at some of the prizes that people have won this year and take a look at what they could buy.

How to spend a US Powerball jackpot$50,000 US Powerball Prize

$50,000 might sound like a small prize, but when you consider that it’s about what the average American earns in a year, it suddenly seems like a lot more money.

This year, a couple from Vanceboro played US Powerball online and won a $50,000 prize, allowing them to upgrade their honeymoon plans from a drive to Charleston to a flight to Las Vegas. $50,000 is enough to pay for a spectacular wedding, averaging $35,329 in the US, as well as a two-week honeymoon break.

$1 Million US Powerball Prize

In October 2018, a woman from Massachusetts won $1 million after successfully matching five numbers. Although the total jackpot was more than $345 million, smaller prizes in US Powerball provide plenty of money to spend on just about anything you want.

So what could a “minor” prize of $1 million get you? It could buy you a luxury mansion in an exclusive residential such as Scottsdale, Arizona, home to the likes of singer Alicia Keys and swimmer Michael Phelps. 12,000-square-foot homes average around $800,000 to $1 million.

How many family holidays could you buy with $1 million? The average two-week family holiday costs $6149 according to Evolution Money. A bit of maths shows that $1 million will buy enough to pay for the average family holiday every year for 162 years.

How to spend a US Powerball jackpot$687.8 Million US Powerball Jackpot

On October 28, 2018, two lucky people in Iowa and New York matched all six US Powerball numbers, netting a massive $396.2 million each, or about £300 million in cash terms.

$396.2 million is a truly enormous amount of money. Simply having that much money in your bank account would put you inside the world’s 10,000 wealthiest people.

So what could you buy? The most expensive private jet offered by private jet manufacturer Gulfstream, clocks in at just $60 million. That means that you could have six and a half private jets for your money.

How about a country mansion? A 25,000 square-foot mansion in Georgetown Pike, Virginia - Le Chateau de Lumiere - has 8 bedrooms, 13 bathrooms, and the finest gold leaf decoration throughout. It sold for more than $12 million in 2017, meaning that each winner could buy more than 33 of these fantastic houses or 66 in total.

Now that you know what a US Powerball jackpot can buy you, it's time to become a winner. Play US Powerball online now!

This post was written by
Jason L - who has written 121 articles
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