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How winning $1.5 billion Powerball jackpot could still lead to bankruptcy

Written by Jay L. Zagorsky, Clinical associate professor, Boston University

Got the winning ticket? AP Photo/Julio Cortez

The latest Powerball jackpot swelled to US$1.5 billion on Nov. 2, 2022 – just shy of the record amount – after another drawing passed with no winning ticket. The next drawing will be held on Nov. 5.

The prize is now the third-largest lottery the world has ever seen, behind a $1.6 billion...

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