AUSTIN, Texas — What would you do with $550 million in the bank?

"I don't know what I would do with it, honestly,” an Austin resident said.

It's a simple question, but not always easy to answer. With no winner after Wednesday night's Powerball, the prize is now the eighth largest in history.

"I walked into the store and I just felt like I had to get one today,” Alan Ortega said, after buying a ticket.

Ticket sales are expected to skyrocket leading up to Saturday night's drawing. The chances of winning are slim, about one in 292 million.

"A lot of us are trained to see the winnings as a gift or a bonus,” Kacie Swartz, a financial planner, explained.

Swartz said extra money can make even a frugal person toss it away and it's no coincidence that many lottery winners end up bankrupt after a few years.

"If this is the money that was also going to fund you for the rest of your life, you have to be pretty thoughtful about giving it away,” she said.

As strange as it sounds, you'll need help spending all those millions without going broke. Swartz encourages lottery winners to assemble a team that includes a tax professional, an estate planner and financial advisor.

"Use those people to help you establish a plan for spending the money and remember to carve out a certain amount for fun,” said Swartz.

A game of chance that could make or break even those lucky enough to win big.

"I'm not going to be that guy,” Ortega said, laughing. 

After taxes, the winner of the $550 million jackpot will take home an estimated $347.9 million lump sum.