What would you do with a million dollars? Would you pay off that student loan, buy your mama a house, or go on that dream vacation? With a million dollars you could probably do at least all of those things. Now imagine you had $768 million? That’s the question that everyone is asking 24-year-old Manuel Franco, who just won the third largest lottery jackpot ever.
If you’re shaking your head right now, thinking that this millennial from Milwaukee is just going to go insane, splurge it all away, and then be broke by next year, you are so wrong. Despite his young age, Franco has his head on straight. He knows exactly how he’s going to handle his new wealth.
“I’m not sure what the next chapter is gonna bring for my life, but I have been setting up the best legal team,” Franco said in a news conference, according to CBS News.
Impressive! Franco definitely understands the power and pressure that comes with acquiring loads of money in a very short time. “I simply just can’t believe an ordinary guy like me could win the Powerball,” he added.
He also said that he’s not just going to look after himself, but wants to do something positive for everyone else. He can do both, and then some.
“I want to take a break, let it sink in,” Franco said, according to CNN. “I do want to help out the world, but I want to make sure my future is secure.” He did, by the way, quit his job the following day after realizing he had the jackpot. We’d totally do the same. Wouldn’t you though?
According to CBS News, Franco’s jackpot win, the third largest payout in lottery history (in 2016 three people won $1.6 billion jackpot, and last year a person won $1.5 billion). Franco has the option to take $768 million prize and get a choice of being paid in portions over the next 29 years or choose a $477 million cash option. CBS News reports that most jackpot winners choose the cash option. He will still need to pay millions of taxes on that prize. His state of Wisconsin will get about $38 million. He still has plenty left, that’s for sure.
For most of us who will never win millions in a jackpot lottery, we’re wondering what it must feel like to see those numbers add up to the winning ticket. Franco explains that exact feeling: “I was going insane,” Franco said about that first moment realizing the numbers were adding up perfectly. “I looked back at the three other numbers, they all matched. My heart started racing, my blood started pumping. I felt warm. I started screaming.”
What a rush! Congrats, Manuel, and if you need help spending those millions, let us know!