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Benzinga
Benzinga
Business
Jeannine Mancini

Mark Cuban Says If You Win The Lottery, Don't Take Lump Sum Or Invest It. And Remember No Friend Needs $100K —'Anyone Who Asks Is Not Your Friend'

Lotto,Ticket,With,Pencil,On,Wooden,Table

Who doesn't dream when the lottery jackpot hits a billion dollars? The thought of waking up the next day and never worrying about bills again is irresistible. But Mark Cuban, who went from sleeping on the floor of a tiny Dallas apartment to billionaire status after selling Broadcast.com to Yahoo, says most people have the wrong idea about what to do if lightning strikes.

In January 2016, when the Powerball jackpot ballooned to $1.6 billion, Cuban gave The Dallas Morning News a list of no-nonsense tips for anyone lucky enough to win. His advice wasn't about yachts or private islands — it was about avoiding disaster.

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