Valley stores braced for crush of Powerball purchases - WFSB 3 Connecticut

Valley stores braced for crush of Powerball purchases

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(Source: CBS 5 News) Karen Bach with the Arizona Lottery correctly predicted the Powerball jackpot would increase Wednesday. It increased by $50 million to a total $550 million for the night's drawing. (Source: CBS 5 News) Karen Bach with the Arizona Lottery correctly predicted the Powerball jackpot would increase Wednesday. It increased by $50 million to a total $550 million for the night's drawing.

Convenience store shoppers were bypassing the candy and soda and instead reaching for a chance at millions - more than 500 million.

The Powerball grand prize stood at $550 million Wednesday morning, an increase of $50 million from the previous day. And the demand for tickets is so great some retailers were bringing in extra hands to help.  Places such as the Chevron convenience store at 44th Street and McDowell Road in Phoenix.

"We're bringing in extra people this afternoon so that way, we can push the little buttons all day," said store employee Michelle Ripley.

Karen Bach with the Arizona Lottery correctly predicted the Powerball jackpot would increase Wednesday. It increased by $50 million to a total of $550 million for the night's drawing shortly after talking with CBS 5 News.

Those taking their chances said they have big dreams if they win.

"Buy the company I work for and everybody stays," said Cody McCloskey. His grandmother told him how big the grand prize was and convinced him to buy a ticket.

Not only did he buy himself one, he bought one for her as well. "Everybody's got a chance. We'll see how we do," McCloskey said.

While most people were dreaming big for themselves, one lady had big dreams for her sick sister. 

"I'm gonna pay all my sister's medical expenses and anything that she needs for her treatment so that she can live," said Carole Rakow.

And as tempting as it might be to want to tell everyone if you win, Valley attorney and financial planner Morris Callaman warned to not say a word.

"You should definitely resist with all your might to go on Twitter or Facebook and say, 'Guess what? I just won $326 million,'" Callaman said.

Instead, he said you should only tell one person about your prize - an attorney.

"You'll need accounting, you'll need financial planning, you'll need estate planning. Make sure that you've done your homework because this is a very large sum of money."

And it's money that most everyone can only dream about.

"That's a dream that can easily turn into a nightmare if we haven't done our homework on how to handle the money," Callaman said.

Copyright 2012 CBS 5 (Meredith Corporation). All rights reserved.

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