Powerball Jackpot Surges to $394m After No Wins on Saturday

Life-changing decisions will be heading towards one lucky winner, should they manage to scoop the expected $394m fortune in the upcoming Powerball draw. Nobody managed to match all six numbers drawn on Saturday, which means the top prize has spiralled for Wednesday’s upcoming draw.

Winning a huge sum of money would certainly open up many different possibilities, but there are many problems waiting to meet the winner. Do you know when to claim? How to claim and whether or not to go public? Then you have to seek financial guidance as to where to put or protect your windfall. Can you trust those you’re getting involved with such a large sum of money? And last but not least – do you go for the one-off payment or the full amount in annual instalments (over 30-years).

You have between three months and a year to claim your winnings – that should leave plenty of time to organise what you’re doing. If you’re going for the lump sum, you need to be savvy and have a mental attitude to be able to carry this out the right way.

The cash option for the next Powerball draw is $274.6m, but after federal taxes and other charges, that sum would leave you with $208.7m – which isn’t to be sneezed at. You need to surround yourself with proper financial advisors and experienced experts who know what to do with such large amounts of cash.

Have you got your ticket yet?