As of this second, the current estimated jackpot for the Powerball is $1.5 billion, yes that is billion with a “b”. The winner has two options; take the annuity and get the lump sum paid to them yearly for the next 30 years, or take the cash out option and receive significantly less payout amount (but still more than enough for one person). There’s also an individual state tax on both payout choices depending where the winner lives.
For example, lets take a look at California. If the Powerball winner is a CA resident, there lies the benefit of no state tax withholding on lottery prizes, which means if they select the annuity option over 30 years, they would receive $37,500,000 a year with the ending total being a whopping $1,125,000,000, however, if he or she decides to cash out and take it all at once, after the federal tax is taken out, they would receive only $697,500,000 — still a ton of money.
You could buy plenty of things and items with such a large amount of money, but us sports fans have a different mindset. Sports fans would love to be able to own their favorite team, which would bring the question, which sports franchises could I buy? We’ll use the cash out option to evaluate the answers.
For the football fans, there’s not a lot of franchise purchasing options. The Dallas Cowboys have been rated by Forbes to be the most valuable sports team in the world with a value of $4 billion. The cheapest value in the NFL is the Buffalo Bills which would cost someone $1.4 billion. Overall, the average NFL team is valued at $2 billion, which is valued at more than the Powerball itself.
For basketball fans, there’s a little more opportunity. Values have been reported for all NBA teams by Statista.com. The Milwaukee Bucks are the least valuable team, costing $600 million, Minnesota Timberwolves ($625 million), and New Orleans Pelicans ($650 million). Only three teams would be available to buy with the cash out option. The Los Angeles Lakers ($2.6 billion) and New York Knicks ($2.5 billion) take the top two spots on the list.
For baseball fans, there is a little less opportunity than basketball. The Tampa Bay Rays are the least valuable franchise in baseball, with a price tag of $625 million. The last team one could buy with the Powerball is the Miami Marlins, which cost $650 million. The most expensive team in baseball, as reported by Forbes, is the New York Yankees which would cost $3.2 billion.
Hockey fans can rejoice that there is more opportunity to buy a franchise. The least expensive team is the Florida Panthers which are valued at $186 million –Above them are the Arizona Coyotes which are valued at $220 million. The Carolina Hurricanes have a price tag of $225 million, while the Columbus Blue Jackets have a value of $226 million. Just above the Blue Jackets is the Nashville Predators which are valued at $255 million.
List of Hockey franchises and the estimated value –
- Tampa Bay Lightning – $260 million.
- St. Louis Blues – $270 million
- Buffalo Sabre’s – $300 million.
- New York Islanders – $325 million
- New Jersey Devils – $330 million
- Winnipeg Jets – $350 million
- Colorado Avalanche – $360 million
- Ottawa Senators – $370 million
- Minnesota Wild – $380 million
- Anaheim Ducks – $400 million
- Calgary Flames $435 million
- San Jose Sharks – $445 million
- Dallas Stars are – $450 million
- Edmonton Oilers – $455 million
- Pittsburgh Penguins – $560 million
- Washington Capitals – $565 million
- Los Angeles Kings – $580 million.
- Detroit Red Wings – $600 million.
The last franchise option for Powerball winner who opts for the cash out option could buy in the NHL is the Philadelphia Flyers which cost $660 million. I think we all can agree that the Powerball jackpot is a lot of money, and one could buy virtually anything. And for us sports fans, this gives a little insight into which franchise one could buy.