Historic Powerball win: what exactly will $70m buy you?

A lucky Queensland couple has scooped the largest win on a single ticket in the competition's history. But what exactly will $70,000,000 buy you?

$100 Australian dollar notes, pictured in Brisbane, Tuesday, Aug. 20, 2013. (AAP Image/Dan Peled) NO ARCHIVING

What would you do? Source: AAP

The news that a mystery winner of the biggest ever powerball jackpot could not be contacted had many of us scrambling to check tickets, even those of us who hadn't bought them.

It's since been revealed a couple of Queensland grandparents who "never win anything" took out the prize.

Your chances of winning the lottery are, let’s face it, pretty slim.

Still, daydreaming about how you would splash the cash can be fun. From the luxurious to the more humanitarian, we’ve compiled a short list of some of the best and worst ways you could spend $70,000,000.

Crack the property market

House prices are on the rise, with the median price in Sydney reaching $1 million last year. For the most bang for your buck, you can consult our map of median house prices across Australia. Alternatively, set your sites on a DIY project overseas.

Buy a chateau in France

At the reduced price of just under $47 million (30,000,000 EUR), this chateau in France is a bargain. A convenient 10 mins to Geneva by chopper, so you might want to use your spare change on one of those, or invest in some DIY improvements.

Bath in Dom Perignon

A bottle of Moët & Chandon Dom Perignon White Gold will only set you back about $2,467 (£1,475), so if a bottle to celebrate is not enough, why not draw a bath full of the stuff - or perhaps a small pool?

Try your luck on a second win

You were lucky once - why not try for a bigger windfall. You could spend your prize money on approximately 2,692,307 (system 8) tickets. Problem is, there's a high chance you'll end up worse off. Do the maths.

Give it to someone who needs it more

Even a portion of your $70 million could go a long way to helping those in need. As a guide, a donation of this size to UNICEF could see more than 3 million children vaccinated against polio, or provide emergecy relief kits to more than 625,000 people in need.
Note: this quiz was published in August 2015.


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