The Mega Millions jackpot is now sitting at $1.6 billion. It is the largest jackpot ever in the history of the United States. The odds of winning the jackpot are certainly not in your favor at 1/302.6 million. Even though the odds are staggering, many people are dreaming about what they could purchase after they won the lottery.
Let’s assume for a minute that you have already won it and you are ready to collect the money. You can either have the money sent to you as annual allotments over the course of 30 years or you can get a lump sum, although it will be smaller. If you opt for the lump sum, you would receive $904.9 million and the federal taxes on a single winner would be approximately $217.2 million, which is about 24%. In other words, you will be holding $687.7 million, although you may have to pay additional taxes, including the possibility for state taxes.
Now that you are ready to spend all of that money, we have a few ideas to help get your creative juices going.
Buy 118 Bugatti HyperCars
If you are in the market for a Bugatti hypercar, you can expect to shell out about $5.8 million. The sports car is able to go from 0 to 62 mph in 2.4 seconds. You can also top out the speedometer at 236 mph.
All 40 of the limited series cars manufactured by the company have been sold. Now that you have won the entire Mega Millions lottery, you can purchase the collection. You can then ask Bugatti to fire up the assembly line for a total of 118 cars. You will still have over $3 million left over for gas and the inevitable speeding tickets.
Pay for 2544 Students to Attend Harvard University
In order to attend one of the most expensive colleges in the United States, Harvard University, you would have to pay approximately $67,580 per year. That price would pay for your tuition, room, board and additional fees. If you plan on staying at Harvard to get a four year degree, the cost would be $270,320, as long as the price doesn’t increase.
Now that you have won the entire Mega Millions lottery, you can pay for 2544 students to get their degree.
Take a Trip to Space with 3438 Friends
It is amazing that you can pay to take a trip to space and now that you have won the lottery, you might just have the opportunity to do it.
You have some different options available with all of that money. You can try out Jeff Bezos’ Blue Origin , as he is going to start his plans for between $200,000-$300,000 per ticket in 2019. That money would get you an 11 minute suborbital spaceflight. The other option is a $250,000 ticket on Richard Branson’s Virgin Galactic. You won’t be able to get the first ticket however, because it has already been snatched up by a Japanese billionaire. He plans on taking a trip around the moon but nobody knows how much he is paying for it.
Since you just won the Mega Millions lottery, you can purchase 3438 Blue Origin tickets or you can pay for 2750 friends to take the Virgin Galactic
Space Adventures also offers another option, although it is more expensive. You can consider them to be an intergalactic travel agency that matches people with the Russian space program if seats are available. The cofounder went to space for 12 days in 2008 and it cost him $30 million. If you decide to go that route, you could still take 21 friends to space.
Purchase 625 Bottles of Million-Dollar Whiskey
Although you might have a hard time finding the inventory, you could purchase over 600 bottles of whiskey at $1 million each. A 1926 bottle of whiskey from Macallan Valerio Adami sold at auction in Edinburg, Scotland earlier this year for $1.1 million. It had aged 60 years in sherry casks after being distilled in 1926. The bottle was released in 1986.
Now that you have won the jackpot, you can spend all of that money on cocktails. If you could possibly find $625 worth of that booze, you would still have ever $200,000 left in the bank to help treat all of those hangovers.
Stay 9169 Nights Most Expensive Hotel Room
The most expensive hotel suite in America is the Mark Hotel in Manhattan, New York. you can expect to pay $75,000 a night for that 10,000 square-foot penthouse.
If you want to break it down in years, you could stay 25 years at the hotel.
By 10 Islands Plus Necker Island from Richard Branson
Richard Branson purchased a 74 island in the Caribbean for $180,000. Considering that they were asking $5 million for the island, he got quite a bargain. The island is estimated to be worth $60 million according to Business Insider. When hurricane Irma came through, the island was devastated but it is almost rebuilt and ready to accept visitors.
Even though the island has increased in value 12 fold, you could still buy it and 10 others just like it, provided you could find them for sale.
By 384,353 Amazon Shares
Amazon reached an all-time high of a $1 trillion market cap for a brief amount of time. It is only the second company in the United States to reach that level. Since you have now won the Mega Millions, you can afford to get a piece of the pie.
On Monday, a share of Amazon was worth $1789. Doing the math, you can afford 384,353 shares with some pocket change left over.
Purchase 2 of the Most Expensive Houses in the United States
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The Los Angeles neighborhood of Bel Air has the two most expensive houses for sale in the United States as of last July. The Wall Street Journal reported that one was for sale for $188 million and the other was being sold at a bargain for $180 million.
Since you have won the Mega Millions and are looking to spend it, you can purchase both houses and still pocket $319 million to pay for furniture. The more expensive mansion is still up for sale and the 38,000 ft.² estate has elevators lined with crocodile skin, an infinity pool and 12 bedrooms.