Mark Cuban has advice for $1.4B Powerball jackpot winner

Saheliroy Choudhury
Best time to play the Powerball could have been $600M ago

The Powerball jackpot has been increased to $1.5 billion as of Tuesday.

With a $1.4 billion Powerball jackpot up for grabs on Wednesday, billionaire Mark Cuban has some tips should a winner emerge.

Get a tax attorney, avoid the lump sum and decline requests for cash from friends and relatives, are among the tips the Dallas Mavericks owner dished out, according to a Dallas Morning News report.

He pointed out that a $1.4 billion treasure chest won't guarantee happiness or make someone a smarter investor, saying, "You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won't lose money."

The jackpot prize, handwritten on a Powerball sign, is displayed at a corner store selling lottery tickets along the U.S. Mexico border in San Ysidro, California, January 12, 2016.
Tallying the big tax bite of a $1.5B Powerball win

Cuban is a rags-to-riches story himself, going from broke bartender to the owner of an NBA basketball team.

Read the full Dallas Morning News report here.

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