Powerball rockets to $500 million dollars – how do you spend all that money?

Powerball Lottery Jackpot

Our last entry noted that the Powerball lottery jackpot had reached a historic high of $425 million dollars.  The lottery drawing has yet to take place, but for those millions of people that have already purchased their Powerball lotto ticket(s) then you will be happy to know that your ticket just got a little sweeter.  Evidently due to the substantial rise in Powerball sales since it hit $425,000,000 last Saturday night, a couple hours ago the Powerball jackpot has risen to an insane $500 million dollars (annually) or approximately $245.6 million dollars for the cash option after taxes (with some states tax code).  $500 million dollars probably sounds like an enormous sum of money, so you may be wondering how do you spend all that money?  In the previous post we outlined that you could purchase every single 2012-2013 new car variation with about $160 million dollars to spare. This is pretty incredible considering all of the premium car brands included in this list such as Rolls-Royce, Ferrari, Lamborghini, Bentley and so on.  The amazing thing about the Powerball jackpot rocking to $500,000,000 dollars is that the amount after taxes for the lump sum option is $36,825,000 MORE than when the jackpot was “ONLY” $425 million dollars.  To put this in perspective, we calculated that the cost to purchase every single new car make and model available in the U.S. would cost $31,562,516.  So now with the lottery even higher, you can buy another one of every single car model out there and still have $5 million and change leftover for insurance, car washes, gas and dice to hang from the rear-view mirrors.  So if you won the $500 million dollars in the Powerball Jackpot would you buy all of the 551 new car variations?  We would assume not, but that kind of lottery windfall cash could allow for you to comfortable buy some sweet high-end luxury cars, classic muscle cars and exotic sports cars.  Post a comment and tell us what you would do with a $500 million dollar Powerball Jackpot.
 

Lottery Winner Car Shopping Ideas:


 

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