Powerball Numbers and Results August 5, 2015: Watch Live Stream of Drawing for $40 Million Jackpot
Wednesday’s chance to make big money playing Powerball is here.
The grand prize is currently at $40 million, with a cash value of $25.5 million.
Last Saturday’s winning numbers were: 7, 13 , 24, 49, and 57, and the Powerball was 15. Aside from someone in California matching the Powerball numbers on a ticket worth $110 million, there were 502,670 regular winners and $4,647,701 in non-jackpot money was won.
There are actually nine ways to play Powerball. Although the odds will likely change in October, currently there is a 1 in 175,223,510.00 chance of winning the grand prize and a 1 in 5,153,632.65 chance of winning $1,000,000.
So the odds of winning are slim, but people do win. The main thing a Powerball player has to do, outside of checking the numbers, is hold on to the ticket.
The unknown millionaire in California is not alone. KFOR News has reported that a man named Jon Gaines from Oklahoma City won $2 million after purchasing a winning ticket at convenience store called the Hefner Stop.
Gaines, who, after taxes, will be left with $1.4 million, might want to listen to Ken Travis, a financial advisor out of Dallas, who says that the newly rich may suffer from making too many financial decisions too fast. "You don't have to make huge gifts, buy expensive houses, or commit to irrevocable legal or investment strategies in the first year – or ever," Travis advises in an article in Accounting Web.
"It's rare to get two chances to be rich, so careful planning, quality advice, and prudent decisions will allow you to stay rich and enjoy it," cautions Travis. The other thing Travis wants a new lottery winner to do is develop a short-term plan for desires. "Almost everyone has given this a little thought, so have some fun – but use your head," says the money expert.
Be sure to check here for local stations broadcasting the Powerball drawing.
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