STEPHEN A. Smith is hoping to land a mega payday like the rest of the US by winning the $950MILLION Powerball jackpot.
The Powerball jackpot soared to an incredible $950m this weekend after nobody won the grand prize on Wednesday.
Smith entered the lottery in a recent video on his Instagram[/caption]
Smith, 57, is one of many Americans who will be hoping to be the lucky winner of that eye-watering figure.
And the iconic sportscaster shared his dreams of the cash hitting his bank account in an Instagram video shared with his 5.1m followers.
Smith, who earns a pretty penny in his role with ESPN, filmed himself entering a local gas station to buy his lucky ticket.
While filling out his ticket, Smith joked: “It’s rigged against us, I’m picking my own numbers”.
Asked why someone already earning big money would want to win the Powerball, Smith explained that taxes means he wouldn’t be seeing the whole $950m anyway.
He said: “What they don’t understand is that Uncle Sam takes half of it before you see it.
“Do you understand? And then the bills take another third. So you really end up with about a quarter, if you’re lucky.”
Smith is right in his assessment, with the $950m jackpot actually only worth a one-time cash payment of $428.9m to the winner.
Smith signed a $100m five-year deal with ESPN earlier this year[/caption]
Stephen A. Smith signed a $100m five-year contract with ESPN earlier this year.
Aware of his fortunate position, Smith said: “Now, if I was fortunate and bless enough to do this [win the Powerball].
“I must confess, although I would keep a lot of it, I have loved ones that I would look out for.
“And, of course, charity. Because those who are fortunate and blessed enough to receive, we must give back. We must always give back – I would do that.”
Smith might be waiting a while until he is able to do that, however, with the lottery website currently telling that the odds of winning the jackpot are one in 292.2million.
