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With a huge $100 million up for grabs in Thursday’s Powerball draw 1475, it’s no wonder as many as half of Australia’s adults could buy a ticket. The jackpot is the one of the biggest the country has seen and comes after four weeks of no division one winning entries.
” It adds: “We strongly suggest seeking professional financial advice for major lottery wins to ensure you receive the maximum benefit from your good fortune.” Lottery officials also advise that winners need to be wary of how their prize may affect other sources of income. “If you currently receive a social security benefit from Centrelink, your prize may affect your entitlement,” it says. “This will be dependent on the amount of your prize and the current value of your assets.
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