10 ways lottery winners spend their prize money, from splurging on mansions and vintage cars to paying off student debt

Tech Insider : Economy
Powerball lottery station.
The California Lottery said on Twitter that a ticket sold in Los Angeles won the billion dollar Powerball jackpot.

Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images

I advise lottery winners. It's easy to make bad decisions – here's what I tell people so they don't blow all their money.

Tech Insider
Emily Irwin of Wells Fargo, left, and Powerball and Mega Millions lotto tickets in California, right, in a composite image.
Emily Irwin of Wells Fargo, left, and Powerball and Mega Millions lotto tickets in California, right, in a composite image.

Wells Fargo Corporation National Media Team; Francine Orr / Los Angeles Times via Getty Images

There's a reason why these Powerball jackpots keep getting so massive. You're paying for it.

Tech Insider
A sign advertises the $1.2 billion prize.
A sign shows the estimated jackpot for Powerball in the window of a store on October 04, 2023 in Miami, Florida.

Photo by Joe Raedle/Getty Images

The first thing 14 lottery winners have bought after finding out they were rich

Tech Insider
Mega Millions

AP Photo/G-Jun Yam

I advise lottery winners. People don't realize you get almost no support – here's what you should do if you win.

Tech Insider
Emily Irwin of Wells Fargo, left, and a stock image of a lottery winner, right, in a composite images.
Emily Irwin of Wells Fargo, left, and a stock image of a lottery winner, right, in a composite images.

Wells Fargo Corporation National Media Team, Getty Images

The Powerball jackpot hit $1.2 billion. Here's why people believe they'll win — even when the odds are 1 in 292 million.

Tech Insider
hand holding powerball lottery ticket
A man displays his Powerball lottery numbers after buying a ticket at a convenience store in Miami, November 2, 2022.

Rebecca Blackwell/AP Photo

Mega Millions jackpot tops $1 billion, making it one of the largest lottery prizes in US history

Tech Insider
Mega Millions sign and lottery tickets are seen at a store in New York, United States on January 12, 2023.
Mega Millions sign and lottery tickets are seen at a store in New York, United States on January 12, 2023.

Fatih Aktas/Anadolu Agency via Getty Images

The store owner who sold $1 billion Powerball ticket plans to take his family on a vacation to Mexico with the $1 million reward

Tech Insider
A display panel advertises tickets for a Powerball drawing.
A display panel advertises tickets for a Powerball draw.

Keith Srakocic/AP

Powerball Up to $900 Million After No Winner Was Drawn This Weekend [Update: It's Now $1 Billion]

Gizmodo

Update: July 19, 3:44 p.m. ET: The jackpot is now up to $1 billion, after no winning ticket was sold for the Monday draw.

How to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical island

Tech Insider
lottery
There's a science behind hacking the lottery.

Justin Sullivan/Getty Images

Subscribe to Powerball