Big Winners Share Lessons, Risks of Powerball Win

By: Associated Press
By: Associated Press

Visions of lifelong riches are surely dancing in the heads of those rushing to buy lottery tickets for Wednesday night's $500 million Powerball jackpot.

Past winners of mega-lottery drawings and financial planners have some more sound advice: stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster.

Tales of big lottery winners who wind up in financial ruin or other desperate straits are increasingly common.

A two-time New Jersey lottery winner squandered her $5.4 million fortune. And a West Virginia man who won $315 million a decade ago on Christmas later said the windfall was to blame for his granddaughter's fatal drug overdose and his divorce.

Nebraska Lottery officials advise to play responsibly!

"It only takes one ticket to win, so play within your means," said Neil Watson.
"Your odds of winning are 1 in 175 million. Those odds stay the same no matter how many tickets you buy," Watson added.

You can buy your Powerball ticket until 9 p.m. Wednesday.
The drawing happens at 9:59 p.m.
Watch 10/11 News at 10:00 p.m. for the numbers.

KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email :
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 181169551 -
Gray Television, Inc.