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Mark Cuban Suggests Powerball Winner Focuses Winnings on a Singular Investment
  • 22nd Jul 2023

Mark Cuban Suggests Powerball Winner Focuses Winnings on a Singular Investment

A downtown mini market in Los Angeles has sold a winning Powerball ticket worth $1.08bn. Although the buyer has yet to step forward, many have speculated about how their life is about to change. The majority of winners opt to receive half of the jackpot in an immediate lump sum payment. The National Endowment for Financial Education has previously shown that up to 70% of lottery winners spend all their winnings and go broke within a couple of years. Mark Cuban, billionaire investor and star of ABC's "Shark Tank", advises winners to hire a tax attorney and wealth manager to help them make informed decisions about their newfound wealth.

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