I can’t even imagine winning this much money. 
It’s the biggest pay-out ever, $363 million was the highest before but that was two winning tickets. According to CNN.com ‘the cash option is $177.8 million, or $124.46 million after taxes. On the installment plan, over 30 years, the first payment would be $6,507,986 after taxes.’
As long as you you don’t blow it, it seems like you’d be better off taking the $124 million and earn the interest over the 30 years. Not even factoring in the compounding if you could get 5% a year return on $100 million you’d get $6 million a year, that’s pretty much the payment you’d be waiting for (if you did a little better on the interest it’d be a lot more). Over 30 years that’s $150 million more. Even if you didn’t get that interest rate you’d still get significantly more even at 3%.
What to buy for family and friends:
I’d be reasonable in all this stuff, the new homes and cars wouldn’t exceed peoples ability to pay property taxes, insurance, utilities, maintenance and stuff like that (unless it was $300 million, then they wouldn’t have to worry about that…).
I keep adding to this list but that’s ’cause it’s all they keep talking about it on CNN…
Eight Winners Spilt the $365 Million
So eight people at a meat packing plant split the $365 million PowerBall prize. After taxes it was about $15 million a piece! That’s great I’d hate to see one person get all that (unless it was me) it’s just so much money. It’s going to affect so many …
You forgot “Money bath!”
:)