It's Friday the 13th, but possibly one American will be the lucky winner of the next Mega Millions Jackpot after the drawing on Friday night. The prize is $1.35 billion, the second-highest in the game's history, and the sheer size of the winnings is pushing some reluctant gamblers to buy a ticket.
"To be honest, I'm not much of a lottery guy, but I'm jumping on the bandwagon this week," said Tom from New Rochelle, New York, from a deli counter.
What will he buy if he wins? "A couple of Lamborghinis… maybe the New York Giants."
But figuring out your first big purchase is just one of many things to consider if you hit the jackpot. Rebecca Walser, a financial planner and author of Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death, offered three tips.
— "Number one, tell nobody and do not sign your ticket. Make sure you take selfies with it and make copies of it, but put it in a secure location. Only tell potentially your spouse."
— "Number two, come up with a financial budget. Most lottery winners actually declare bankruptcy within three to five years of their winnings." (Check out this MIT study from 2011 if you need any convincing.)
— "Number three, make sure that you hire a team of legal experts, tax lawyers, and financial experts to not only implement your legal strategy for accepting your winnings but also to come up with a financial budget."
In short, she said, "seek professional and legal help immediately."
UW-La Crosse Chancellor Joe Gow. Wisconsin-La Crosse fired Gow on Wednesday, Dec. 27, 2023, after learning Gow and his wife have been producing and appearing in pornographic videos. Gow maintains the firing violated his free speech rights.
The U.S. military is now putting independent lawyers in charge of its investigations of sexual assault and other major crimes, what Secretary of Defense Lloyd J. Austin III has called the "most important reform" to the military justice system in recent history.
A decades-old law bans Medicare from paying for weight loss drugs. Now, drugmakers and a wide-ranging bipartisan coalition of lawmakers are gearing up to push for that to change next year.
Barring a court order, in March Texas police will start being able to arrest people they suspect have entered the U.S. illegally, but increases in border crossings since a 2021 law authorizing some arrests shows the limits of that approach in the face of desperation that causes people to risk everything and travel thousands of miles to the U.S.
Mexico began clearing tents, both occupied and unoccupied, from the encampment in the border city of Matamoros, across from Brownsville, Texas, starting Tuesday.
Police in Indiana say a man was rescued after being trapped for six days in his crashed pickup truck and drinking rainwater to survive.
A caravan of thousands of migrants continues to trudge through southern Mexico, with some saying they expect nothing good from a planned meeting between American and Mexican officials about the migrant surge at the U.S. border.
The Powerball jackpot is sitting right now at $620 million ahead of Saturday night's drawing and depending on which state you live in, you may have a little bit of extra luck on your side.
Friday is set to be one of the busiest days of the holiday travel season.
