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$700 Million jackpot--don't blow it

Posted at 4:15 PM, Jan 07, 2016
and last updated 2016-01-07 19:47:04-05
TUCSON (KGUN9-TV) - The numbers are in and no one won big.
 
The unlucky numbers for Wednesday night’s Powerball were : 47, 2, 63, 62, 11. The Powerball was 17. 
       
No one held the full list of winning numbers, but the Arizona Lottery says four tickets sold in our state are fifty thousand dollar winners.
       
The good news is the jackpot's ballooned even bigger --- to the biggest in U-S history----700 Million dollars.
 
Workers where they sell lottery tickets say it's been pretty quiet Thursday.  Players know they still have Friday and most of Saturday to buy tickets for the drawing Saturday night.
 
Oh sure, there's more chance of getting hit by a meteorite but Powerball has grown to 700 million reasons to give it a shot.
 Kirk Douglas says he may buy a ticket: “I can never imagine holding that much money ever so...other than that so...”
 
KGUN9 reporter Craig Smith asked: “Even though it's not your habit to buy lottery you think you might this time?” 
 
Douglas: “Man, you're making me feel like it now, I don't know...Laughs..."
        
Teresa Miller has sold a lot of lottery tickets at the 7-11 at Broadway and Kolb.  She says some buyers really let their superstitions show.
 
"When we tell them good luck.  They get upset and complain about it like they're gonna lose their car and their house and stuff when we tell them that.”  
 
Craig Smith: “You say good luck.  They say that's jinxed them?” 
 
Miller: “Yeah."
        
About 70 percent of past winners won with quick picks. Others say if you've been playing the same set of numbers, keep it up.
        
ABC News says these numbers come up the most: 8, 13,14,39,54.  They didn't mention the most common Powerball.
        
Attorney Mike Piccarreta the odds are so bad even a two dollar bet is a bad one.  But if you do win, you need legal and financial experts before you claim the money.  You'll need tax advice, and a go-between when friends and relatives show up with their hands out.
 
"I think good advice would be to turn over those issues of requests over to your CPA your financial advisor, your lawyer, your trustee and tell the relative that those requests are being decided by someone else and I have apportioned a certain amount of money for donations and that person is going to decide how those donations are made."
 
Piccarreta says whether you take the smaller lump sum or space out payments with the annuity is a question for a good financial advisor.  A lot depends on your personal situation, your taxes and so on.
         
But he says there are plenty of cases when people get big legal settlements for example and blow through it quicker than they ever imagined. So if you do win move carefully.