As we all know by now, even if you live under a bridge, the Powerball has reached a record jackpot estimated to be $1.3 billion.
That $1.3 billion would be payed out in 30 payments over 29 years, unless you prefer to take the cash option. The estimated cash value of the drawing is $806 million — that is before Uncle Sam takes his pile of change.
According to Forbes, the estimated cash prize would be around $415 million after federal and state taxes (assuming you live in a state with a state income tax). Still more than enough to enjoy.
There is a 1 in 292.2 million chance of winning the Powerball jackpot grand prize. The next drawing will be held Wednesday night.
So what exactly do you do with $1 billion?
You could buy 2,515 Lamborghini Aventadors with $1 billion, or 96,599 Super Bowl tickets at average broker price, or 5,263,157 pairs of Nike Air Max 2016, or you could buy 166,944,908 Big Mac meals from McDonald’s.
We briefly discussed what we could do with that type of money, you know you thought about it too. This is what we came up with:
- To start with, we would give 10% to God. We would also generously give to various organizations and start our own organizations as well, which is something we have always wanted to do.
- Helping our families would be a top priority if we won the jackpot. They all deserve more than we could ever give.
- We would help friends and others in need, especially at Christmas time. That is our favorite time of year, and we would love for everyone else to enjoy the holiday season.
- One of our favorite places to visit is a zoo. We would either start our own zoo, or donate to zoos that are in need of renovations.
- I would drop off a large donation at Troy University…under one condition: They must play better music at football games. Just think about it Troy.
- Natosha would have to rip the money out of my hands, but eventually would make a donation to that university in Tuscaloosa.
- Season tickets to Auburn, Alabama, and Troy football games, Boston Celtics, Oakland Raiders, and the Red Sox. We would donate all unused tickets to children that are dealing with diseases or living in poverty.
- We would splurge a little on ourselves too — a decent house, but nothing too big and a couple of vehicles.
- Invest. Invest. And Invest. Start a few business.
- Travel the world!
What would you do with that much money though?
We all sit around and dream of the possibilities that a billion dollars could bring, but sometime after Wednesday someone’s dream will become a reality.