How To Spend $5 Million If You Won The Wyoming Lottery
It's always been my dream to win the lottery. For as long as I can remember, my grandma has bought lottery tickets multiple times per week.
She's never really won anything big, but she's consistent and plays regularly.
I'm quite a bit different. As much as I'd like to win, I only play the lottery when the jackpot is big enough to take it seriously—you know, more than $500 Million.
Even if you don't play often, you've probably thought about what you'd buy if you won a big multimillion-dollar jackpot.
You've already figured out who will get money and where you're buying houses or islands. You know how many cars and trucks you'll own and how long you'll continue working until you retire.
Depending on where you live, that big jackpot isn't going to spend the same. For instance, let's say you win a measly $5 Million. If you live in Wyoming, you can stretch it much further than in Hawaii.
How much further will it stretch? Good Question.
Remember, the government will get their portion, but you'll have a good amount of money even after that.
BetMGM analyzed how far you could stretch your lottery winnings based on a $5 Million jackpot, and being a Wyomingite would put you in a good position. They figured out how many houses you could buy, the largest sq. ft. home, number of cars, how many people you could send to college, how many other Wyomingite's debts you could eliminate, and how many years of groceries you could buy.
When I looked at these numbers, I realized I should begin playing the lottery even if the jackpot is a measly $5 Million.