{"id":1679,"date":"2026-08-05T21:00:09","date_gmt":"2026-08-05T21:00:09","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=1679"},"modified":"2026-08-05T21:00:09","modified_gmt":"2026-08-05T21:00:09","slug":"powerball-jackpot-reaches-786m-what-to-do-if-you-win","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=1679","title":{"rendered":"Powerball jackpot reaches $786M: What to do if you win"},"content":{"rendered":"

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Economist Jeffery Degner shares the first steps lottery winners should take to protect their privacy, manage their winnings and avoid costly mistakes.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The Powerball jackpot has ballooned to an estimated $786 million, putting one of the game\u2019s biggest prizes ever up for grabs Wednesday night.<\/p>\n

The jackpot now ranks as the ninth-largest in Powerball history. The winner who takes the cash option would receive an estimated $341.6 million before taxes. The alternative is an annuity paid through 30 graduated payments over 29 years.\u00a0<\/p>\n

“The last time we saw a Powerball jackpot of this size was on Christmas Eve, with a $1.817 billion prize on the line,” Stephen Durrell, the Powerball product group chair and Kansas Lottery executive director, said in a statement.\u00a0<\/p>\n

The jackpot has been growing since May 2, when tickets sold in Florida and Texas split a $20 million prize. There have now been 40 straight drawings without a jackpot winner.<\/p>\n

ARKANSAS WINNER CLAIMS $1.8B POWERBALL JACKPOT, CHOOSES CASH OPTION<\/strong><\/p>\n

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\"clerk<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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The jackpot now ranks as the ninth-largest in Powerball history.<\/span> (Brandon Bell\/Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

For the person holding the winning ticket, the first move should be protecting privacy, according to Jeffery Degner, a research fellow in economics and economic freedom at the American Institute for Economic Research.<\/p>\n

“If you live in a state that allows you to remain anonymous, remain anonymous,” Degner told FOX Business. “Keep your mouth shut.”<\/p>\n

Degner warned that making a massive windfall public can quickly attract long-lost friends, relatives and strangers looking for money.<\/p>\n

“When askers do eventually come, you should develop the habit of saying \u2018no\u2019 early and often,” he said.<\/p>\n

The winner should also consider quickly hiring a tax attorney and certified public accountant because taxes can take a big bite out of the prize, according to Degner.\u00a0<\/p>\n

“Don’t be surprised by the taxes because the lottery is going to withhold about 24% on the initial payment,” he said, noting that more could be due when taxes are filed.<\/p>\n

GEORGIA RESIDENT IDENTIFIED AS WINNER OF $983M MEGA MILLIONS JACKPOT, LARGEST EVER IN STATE<\/strong><\/p>\n

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Customers line up to purchase lottery tickets at Bluebird Liquor in Hawthorne, Calif., Dec. 1, 2025.<\/span> (Juliana Yamada\/Los Angeles Times via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

Choosing between the lump sum and annuity is less clear-cut.\u00a0<\/p>\n

Powerball\u2019s annuity includes one immediate payment followed by 29 annual payments that rise by 5% each year. Degner said those increases could help protect against inflation.<\/p>\n

Meanwhile, the lump sum gives the winner immediate access to the money and the ability to invest it.<\/p>\n

“When it’s all said and done, they actually are fairly close in the total return,” he said.<\/p>\n

Degner urged winners to avoid major purchases and financial commitments during the first few months and warned against “lifestyle creep.”<\/p>\n

Paying off high-interest debt should also be a priority. However, winners should be cautious about paying off debts for friends or relatives, Degner said.<\/p>\n

$1.8B POWERBALL JACKPOT WON ON CHRISTMAS EVE IN ARKANSAS<\/strong><\/p>\n

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\"Jeffery<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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Jeffery Degner told FOX Business a Powerball winner\u2019s first priority should be protecting privacy.<\/span> (FOX Business)<\/span><\/p>\n<\/div>\n<\/div>\n

Powerball tickets cost $2 and are sold in 45 states; Washington, D.C.; Puerto Rico; the U.S. Virgin Islands; and the United Kingdom.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

The odds of winning any Powerball prize are 1 in 24.9. The odds of hitting the jackpot are 1 in 292.2 million.<\/p>\n

For the eventual winner, Degner said the focus should be on preserving the money.<\/p>\n

“It\u2019s tax strategy first, lifestyle later,” he said.<\/p>\n<\/div>\n

#Powerball #jackpot #reaches #786M #win<\/p>\n","protected":false},"excerpt":{"rendered":"

Economist Jeffery Degner share… <\/p>\n","protected":false},"author":1,"featured_media":1680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3354,3353,3352,878,2940],"class_list":["post-1679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-786m","tag-jackpot","tag-powerball","tag-reaches","tag-win"],"yoast_head":"\nPowerball jackpot reaches $786M: What to do if you win - Finance News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaultinsider.top\/?p=1679\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Powerball jackpot reaches $786M: What to do if you win - Finance News\" \/>\n<meta property=\"og:description\" content=\"Economist Jeffery Degner share…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vaultinsider.top\/?p=1679\" \/>\n<meta property=\"og:site_name\" content=\"Finance News\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-05T21:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/08\/931\/523\/powerball-ticket-purchase-.jpg?ve=1&tl=1\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/#\\\/schema\\\/person\\\/ed40724a3e5d482ce66781a042c3c31e\"},\"headline\":\"Powerball jackpot reaches $786M: What to do if you win\",\"datePublished\":\"2026-08-05T21:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679\"},\"wordCount\":584,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.vaultinsider.top\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/powerball-ticket-purchase-.jpg\",\"keywords\":[\"786M\",\"jackpot\",\"Powerball\",\"reaches\",\"win\"],\"articleSection\":[\"Finance News\"],\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679\",\"url\":\"https:\\\/\\\/www.vaultinsider.top\\\/?p=1679\",\"name\":\"Powerball jackpot reaches $786M: What to do if you win - 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