Mark Cuban Says If You Win The Lottery, Don’t Take The Lump Sum And Tell People Who Ask for Money No, But Be Nice. No One Likes a Mean Billionaire’ Caleb Naysmith Thu, August 13, 2026 at 8:31 AM PDT 4 min read Mark Cuban at TechCrunch Disrupt via Wikimedia Commons There's a certain point when a lottery jackpot gets so big that people start spending it in their heads. Buy the house. Buy the cars. Help the family. Pay off every bill. Never worry about money again. More News from Barchart A $20 Billion Reason Why Intel Stock Is in Focus Marvell Technology (MRVL) Stock Might Offer a Quick Bounce Before Earnings Most Analysts Still Aren't Bullish on Tesla Stock, Even After Recent Selloff. Here's Why. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! It's a pretty great dream. With the Powerball jackpot recently reaching an estimated $1 billion, there's plenty of reason to imagine what life would look like after hitting the winning numbers. And while most people would probably have a long shopping list ready, billionaire entrepreneur Mark Cuban has a very different idea of what should happen next. His advice? Slow down. Read more: Unlocking $2.1T in Energy Potential. See Why Investors Are Watching 'FASF.' Cuban knows a thing or two about suddenly having a whole lot more money. He made his fortune after selling Broadcast.com to Yahoo for $5.7 billion in stock in 1999. He later became a familiar face as a star investor on ABC 's "Shark Tank." So when Cuban offered advice to a potential Powerball winner in 2016, it was worth listening to. First, Call a Tax Attorney When the Powerball jackpot was nearing $1.6 billion in 2016, Cuban shared his advice with The Dallas Morning News . The first thing on his list was simple: Hire a tax attorney. Not a personal shopper. Not a financial guru. Not the friend who suddenly has a "really good investment opportunity." A tax attorney comes first. Cuban also had a strong opinion about how the winner should collect the money. Don't take the lump sum. Read more: Uber Turned Cars Into Jobs. Airbnb Turned Homes Into Income. This $0.50 'Mystery Disruptor' Is Pioneering The Same With 7 Billion Smartphones "Don't take the lump sum. You don't want to blow it all in one spot," Cuban said. He favored the annuity, which spreads the prize money over roughly 30 years. The thinking is pretty straightforward. A giant pile of cash sitting in one account can disappear a lot faster than expected when everyone involved suddenly has a reason to spend it. Winning Doesn't Make Someone an Investor This might be the most interesting part of Cuban's advice. He told potential lottery winners not to suddenly start investing just because they had won. Story Continues "You don't become a smart investor when you win the...
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