5 Things in Rockford to Spend Your $700 Million Powerball Jackpot on
With no one winning Wednesday night's Powerball jackpot, the estimated windfall for Saturday Night's drawing is $700 million, and that amount could go up between now and tomorrow.
Saturday's drawing will be the largest jackpot of any lottery game in U.S. history.
Now, if you win the jackpot, and are the only one with the matching digits on your ticket, you would receive an estimated lump sum payment of $428 million, before taxes.
...Ahhh, those darn taxes take another bite out your fortune, so that brings the amount you can deposit at the bank down further. So let's do the math for those of you in Illinois:
Federal tax will gobble up 25%
Illinois State Income tax will cos you an additional 3.75%
Deduct an additional $123 million, you end up with a $304 million dollar payday after all is said and done. So let's go shopping.
So what can you buy in the Rockford area with $304 Million? Let's check out some stops:
Portillos: Big Beef Combo for 22.6 million people (Big Beef $7.69, Lg Fries $2.25, and a large Diet Coke $2.29 = $13.45)
Rockford University: One year tuition, room and Board for 7,824 Students. Based on a an average cost of $38,853.00, according to smart-class.com
Klehm Arboretum: Admission for 18.9 million families of four. based on admission price of $6.00 per adult and $3.00 per child
Country Thunder: 4 day passes for 2.1 million of your closest friends to hang out with Eric Church, Chris young, Florida Georgia line and more in Twin Lakes, WI.
Forest City Queen Riverboat: You could give out 42.5 million rides on the Rock River. Rides are $8.00 each.
So, what would you add to the list of things you'd spend your money on in the Rockford area if you win the big money?