Cheryl Kahla
Deputy Online News Editor
3 minute read
29 Dec 2021
1:41 pm

Powerball: Here’s how to spend the year-end R60 million jackpot

Cheryl Kahla

Bookmark this article and come back if you win the Powerball Jackpot on Friday, or stay and daydream with me about buying a private island or a €1 fixer-up in Italy.

Photo for illustration: iStock

What better way to exit this treacherous 2021, than walking into 2022 like a boss?

And one way to do that would be to take your swipe at winning the R60 million Powerball jackpot on Friday.

Powerball Jackpot – 31 December

Shoot your shot

The estimated R55 million draw on Tuesday evening went unclaimed and rolled over to the R60 million jackpot, ready and waiting for you on 31 December 2021.

Now that the countdown to 2022 has begun, you have the chance to be the lucky winner of this massive jackpot, and just imagine the things you could potentially do what all that moola.

If you do happen to end off the year as a millionaire, here are a few ideas.

Won the Powerball jackpot? Make good choices

Once you go down the rabbit hole of how to spend your millions, you’ll probably be inundated with ideas – everything from paying off your debt to investing in business and property.

In all seriousness, you’ll most likely be better off talking to an expert, investing your money to make it work for you, and doing something important with the gift you’ve been given.

From setting your loved ones up for a comfortable life to founding an educational trust or a non-profit organisation to uplift your community, your options are endless.

Ensure all your debt is settled and that your children’s education is provided for. You could even the entrepreneurial route and start your own business.

ALSO READ: One in Two South Africans are drowning in debt

Buying a house in Italy for €1

There’s always the option of buying a villa in Italy for €1 – R17.85 at the time of publishing – but there’s a caveat: The Italian government would expect to renovate the place within three years.

The going rate for renovations in Italy seems to be €500 per square meter. I’ve had my eye on this one beauty, a 109 square meter house fixer-upper; meaning I’d have to fork out just under a million.

powerball jackpot
Photo: Case1euro

As per the listing, the house is located Cortile Catabba Street – an “inner hilly area” in Mussomeli, a city in the heart of Sicily, east of the Platani River.

Buy an island

You could always buy an island. Ironically, a small island is cheaper than some houses in Sandton. Blowfish Island, for example, is currently on the market for $79,000 (R1 252 395,69).

This six-acre undeveloped mangrove island is located near Punta Tigre in the Bocas del Toro Archipelago, Panama. The closest town, Bocas del Toro, is 27 kilometres away.

The current owners say it’s perfect for a dream vacation home “on the hard ground or over the water”. It could also offer a “great rental income opportunity if several cabins are built over the water.”

 island powerball jackpot millions millionaire
Photo: Private Islands Online

How to be a millionaire

All you have to do is purchase your tickets from participating Lotto retailers, the National lottery website, or using the National Lottery Mobile App

You can also get a ticket from participating banks – FNB, ABSA, Nedbank, and Standard Bank – or via USSD. Ithuba CEO Charmaine Mabuza said they are “excited to have come this far in our journey”.

While the lottery operator congratulates “all the multi-millionaires that have won jackpots this year”, they hope to have the opportunity to create many more.

Winners who receive winnings of R50 000 or more will receive trauma counselling, followed by extensive financial advice to assist them with their financial planning.

ALSO READ: PowerBall and PowerBall Plus results: Tuesday, 28 December 2021