What Financial Advisors Think About Winning The Lottery

Mark Cuban, the Dallas Mavericks owner and an investor on “Shark Tank,” advises that taking the prize in installments is more advisable. That way, the winner won’t be tempted to spend all the funds in just one go or spend it all in one place.

His next advice may be controversial, but he believes the winner shouldn’t become an investor. Cuban thinks the prize should be left in the bank, and the owner can live off it comfortably for the rest of their life. Trying to multiply the won earnings could lead the winner to lose everything, so they must be careful.