First of all, you won't win the $1.5 billion Powerball unless you take the 30-year annuity option.
The lump sum will "only" pad your pockets with $930 million, before taxes.
Whichever option you choose, here's what you need to do immediately if you win:
- Tell no one. Although winning such an enormous pile of money might very well be the most exciting thing that's ever happened to you, keep your lips sealed, and post nothing on social media, unless you want people from all over the world begging for donations and scammers hoping to clean you out.
- Gather a team of professionals, including an attorney you trust, an accountant, and a financial planner. Start researching those professionals now
- Do not splurge, at least not immediately. According to MSN, you should keep your day job and save your money, proceeding with caution - that is, if you are new to the billion-dollar lifestyle.
- Finally, going back to the very first sentence in this article, take the 30-year annuity. You'll make millions of dollars more than the lump sum, plus, you won't blow the winnings in just a few years. MSN points out that the extra time to enjoy the loot will also help you learn to manage your money more wisely.
The next Powerball drawing will be held Wednesday night at 9:59 p.m. Good luck!