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Powerball Jackpot $400 Million

 
Powerball Jackpot $400 Million
Posted February 19th, 2014 @ 4:23am by KTRH News Staff

From luxury mansions to warm islands and rare art, there's no shortage of big-ticket items out there for the lucky winner or winners of the latest Powerball lottery jackpot.

Wednesday night's drawing is expected to top $400 million, or about $230 million if taken in a lump sum.

Local dealers expect lines will be longest between 4p and 7p.

"Whenever the jackpot is very big, we sell about $4,000 worth of tickets," says one lottery dealer in Jersey Village.  "Sometimes people spend $200 or $300 on tickets."

Wealth asset managers advise their clients to forego large vanity purchases and instead set up trusts and annuities to keep the money safe.

But that doesn't keep dreamers from dreaming.

For $130 million, the jackpot winner could buy Copper Beech Farm in Greenwich, CT.  The 13,500-square-foot home has 12 bedrooms.

Art lovers can purchase a rare painting by Pierre-Auguste Renoir at auction this spring for $10 million, with money left over to buy other works by impressionist master Claude Monet.

 

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