Jet? Mansion? Island? What you could buy with $1.5 billion Powerball jackpot

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The logo for the multi-state lottery Powerball.

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NEW ORLEANS (WGNO) – Millions of Americans are scrambling to get a Powerball ticket! The drawing is at 10:00 PM Wednesday night. You have to get that ticket by 9 p.m.

If you win, you have some options:

The winner can either take the $1.5 billion prize in 30 payments over 29 years (roughly $50 million a year), or you can take a 38 percent cut and get the jackpot in one lump sum for $930 million.

Let`s not forget about taxes. After federal taxes, you`re left with about $562 million. State and local income taxes will cut into the winnings as well.

But there’s still plenty left over to wipe your financial worries away. Forget about mortgage payments, now you can buy your dream house!

How about Brangelina`s French Quarter mansion for $5.7 million.

Then jump into high gear and buy a Maserati Granturismo around $200,000 while you’re at it.

And no more stressing about your kids’ college tuition (a whopping $65,000 a year if they go to Tulane). With the winnings, you could send about 2,000 kids there for four years!

Now to the fun stuff:
Let’s travel! Purchase a Boeing 757 for $100 million. And while you’re planning lavish, exotic trips, why not just buy an island in Greece for getaways? The Omfori Island is going for just $60 million.

And you are still not out of dough, after all that! So throw a party! Hire Trombone Shorty for a $7,500 booking fee and head to Vegas!

Whoever wins this is going to be an incredibly lucky person, because you have a 1 in 292 million chance of winning. But there’s still a chance! Good luck!

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