The US$ 1.5 billion Powerball is going to be the biggest in its history, fueled in part by the execution of online lottery services in some parts of the Unites States and the Powerball making the odds of winning last fall roughly 1-in-292 million (up from around 1-in-175 million).
The payment I around is roughly US$ 930 million. Of course, there are taxes. Winning the kitty would turn you as rich as Guy Laliberte, who has a net worth of US$ 1.52 billion, as per Forbes. Guy, the poker playing businessman, was the organizer of two US$1 million buy-in tournaments at World Series of Poker in Sin City Las Vegas. It has also been rumored that he is one of biggest losers of online poker in history.
Even without the One Drop US$ 1 million buy-in event at the World Series of Poker, a high roller event player might still spend 7 figures each year in buy-ins. Recently, poker pro Daniel Negreanu, recently stated in post, “The price of poker tournaments has reached new heights so buy-ins could exceed $2 million in a single year quite easily.” He plays most of these tournaments every year.
Thinking that you would US$ 2 million worth of buy-ins each year, the sum payout would obviously offer you room to play them for the whole life. Taking the annuity would also keep you in the game for as long as you stay alive, and you might also bankroll all the people you know.