It's Friday the 13th, but possibly one American will be the lucky winner of the next Mega Millions Jackpot after the drawing on Friday night. The prize is $1.35 billion, the second-highest in the game's history, and the sheer size of the winnings is pushing some reluctant gamblers to buy a ticket.
"To be honest, I'm not much of a lottery guy, but I'm jumping on the bandwagon this week," said Tom from New Rochelle, New York, from a deli counter.
What will he buy if he wins? "A couple of Lamborghinis… maybe the New York Giants."
But figuring out your first big purchase is just one of many things to consider if you hit the jackpot. Rebecca Walser, a financial planner and author of Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death, offered three tips.
— "Number one, tell nobody and do not sign your ticket. Make sure you take selfies with it and make copies of it, but put it in a secure location. Only tell potentially your spouse."
— "Number two, come up with a financial budget. Most lottery winners actually declare bankruptcy within three to five years of their winnings." (Check out this MIT study from 2011 if you need any convincing.)
— "Number three, make sure that you hire a team of legal experts, tax lawyers, and financial experts to not only implement your legal strategy for accepting your winnings but also to come up with a financial budget."
In short, she said, "seek professional and legal help immediately."
Jurors failed to reach a unanimous verdict on federal civil rights charges Thursday in the trial of a former Louisville police officer charged in the police raid that killed Breonna Taylor, prompting the judge to declare a mistrial.
Communications systems in the Gaza Strip were down for a second day with no fuel to power the internet and phone networks, causing aid agencies to halt cross-border deliveries of humanitarian supplies even as they warned people may soon face starvation.
Nearly nine out of 10 parents believe their child is performing at grade level despite standardized tests showing far fewer students are on track, according to a poll released Wednesday by Gallup and the nonprofit Learning Heroes.
An Iowa teen convicted in the 2021 beating death of a high school Spanish teacher was sentenced Wednesday to life in prison with a possibility of parole in 25 years.
There were still deep differences on economic competition and global security threats. But Biden said they agreed to “pick up the phone” and talk if urgent issues arise. Biden said “that's important progress."
Israel has threatened to expand operations in the south, where hundreds of thousands of people who heeded earlier evacuation orders are crowded into U.N.-run shelters and family homes.