Topic: Powerball
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Spend that windfall wisely (even if you didn't win the Powerball lottery)
Huge windfalls, like Wednesday's $580 million Powerball lottery drawing, get all the attention, but every day Americans get smaller surges of money – an annual bonus, for example, or a tax refund. You might be tempted to use it to pay off your credit card balances. Not so fast. There might be better ways to use it to improve your overall financial position. Here are five questions to ask yourself before you decide what to do with that windfall:
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The Monitor's View: A record Powerball jackpot isn't a record to celebrate
The record Powerball jackpot is only the latest trick by states addicted to gambling revenues to lure nongamblers. Online gaming is also on the horizon, with the first legal website for games of chance now running in Nevada.
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Modern Parenthood $338M Powerball win shows odds stacked against kids who need child support
New Jersey Powerball winner Pedro Quezada owes $29,000 in child support. Though winning the lottery is a statistical rarity at 1 in 75 million, being a parent with child support back dues is not. In 2011, 12 percent of Americans were owed child support and did not receive it.
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Couple wins lottery – twice in Arkansas
Couple wins lottery twice? Yes, an Arkansas couple won $1 million and $50,000 lottery with two tickets purchased on the same day.
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So if the US really hits the debt ceiling, then what?
The negative effects of hitting the debt ceiling could be mitigated by setting priorities for bill-paying, conservatives argue, but financial markets could still consider the US to have defaulted.
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Lottery winner killed: Should lottery winners' names be kept secret? (+video)
A lottery winner was killed the day after his scratch-off ticket won, prompting questions about the need to protect the privacy and identity of these often very highly publicized lottery winners.
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Global News Blog Good Reads: gun laws, lottery winners, online education, and tech gets sensory
A round-up of this week's long-form good reads include Britain's gun laws, the burden of lottery winners, online courses vs. the college experience, and sensory developments in high-tech.
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Powerball jackpot winner revealed in Arizona. How to handle winning millions.
Powerball jackpot winner claiming the second half of last month's record $587.5 million prize has emerged in Phoenix, joining a Michigan couple in claiming the prize. A 2005 Powerball jackpot winner from Idaho weighs in with long-term advice for the new winners.
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Facebook Powerball frenzy: Purported winner offers to 'share' $1 million
The second winner of the $588 million PowerBall lottery is not yet known publicly. But one man says he's the winner and will give someone who shares his Facebook photo $1 million. Is it a hoax?
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Tax VOX Payroll tax cut expiration lurks in 'fiscal cliff's' shadow
The expiration of the payroll tax cut would increase taxes by $115 billion in 2013, Maag writes, yet President Obama and others have been strangely silent – arguing instead about the fate of the 2001-2003 tax cuts.
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Ariz. Powerball jackpot winner remains a mystery as Mo. winner verified
While lottery officials in Missouri verified its state's ticket after it was presented to them late Thursday, the Arizona winner had yet to come forward. They have 180 days to do so.
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Powerball winners remain mysterious
Following Wednesday night's Powerball drawing, employees at the stores that likely sold the tickets celebrated with high-fives and awe. The two winners will share the $587.5 million jackpot.
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Spend that windfall wisely (even if you didn't win the Powerball lottery)
Huge windfalls, like Wednesday's $580 million Powerball lottery drawing, get all the attention, but every day Americans get smaller surges of money – an annual bonus, for example, or a tax refund. You might be tempted to use it to pay off your credit card balances. Not so fast. There might be better ways to use it to improve your overall financial position. Here are five questions to ask yourself before you decide what to do with that windfall:
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Powerball lottery: We have two winners (+video)
Powerball lottery jackpot reached a record $588 million before Wendesday night's drawing. Two winning Powerball lottery tickets were sold, in Arizona and Missouri.
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Powerball lottery jackpot hits record $550 million
With Powerball lottery drawing hours away, Americans are snapping up tickets for the estimated $550 million jackpot. The record Powerball jackpot is renewing questions about its burden on lower income groups, but it may be less burdensome than other lotteries.
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Powerball winners: Cautionary tales, lessons from past lottery winners
Past winners of mega-lottery drawings and financial planners offer advice to Powerball winners on how to manage a $500 million windfall. How to avoid the pitfalls of instant Powerball wealth.
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The Simple Dollar To play or not to play: Is that Powerball ticket worth it?
Lotteries exist to turn a profit. If you spend $1 on a lottery ticket, the lottery is going to keep at least some portion of that money. But just how bad a deal is it? Our personal finance analyst weighs in.
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