KANSAS CITY, Mo. - If you were the one who purchased Missouri’s winning ticket in Wednesday night’s $579.9 million Powerball jackpot, one thing is certain. You have some options.
SHOW-ME THE MONEY | Missouri ticket hits Powerball jackpot http://bit.ly/V5bU5G
If you accept the Missouri portion of the lump sum payout of $379.8 million, you’d be looking at a check for about $134,829,000, according to the 25% federal tax and 4% state tax rates.
If you were so inclined, a winner in Missouri could line the route from New York to Los Angeles (2,777 miles) with $1 bills back and forth almost two and a half times.
Chances are though, you’d be up to something a little more practical.
A common theme heard on the “if you won” posts on social media sites is a hefty donation to charity.
So we set out to see just how much good you could do in Kansas City if you won Missouri’s portion of the jackpot and went with the cash option of more than $134 million.
At City Union Mission, Kansas City’s biggest homeless shelter, that much money would feed the city’s homeless for the next 205+ years ($2 a meal, 900 served each day).
At the Mission’s annual Christmas store, you could provide holiday gifts for Kansas City’s needy (average cost: $20) for just under 27 years (the store projects to go through about 25,000 gifts this year).
At the American Red Cross, you and 99 of your closest friends could donate $10 each to disaster relief by sending a text message to 9909 once an hour each day for the next 15 years. You might want to check with your wireless carrier before you do that, though.
Again, not very practical. Instead, based on numbers provided by the Kansas City Chapter of the Red Cross, you could cover food and shelter costs for 10 different families displaced by disaster for one day in a Red Cross shelter for the next almost 185 years ($1,000 per five families per night).
According to Catholic Charities Foundation of Northeast Kansas, the money would provide more than 449 years of safe, stable housing for 100 different needy families. The money could also provide vital medications for more than 6.7 million uninsured people.
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