Powerball

On Wednesday, the Powerball lottery reached a record $587.5 million. So far two winning tickets have been announced, one in Arizona and one in Missouri. But there's at least one more guaranteed winner: the Internal Revenue Service.

Whether you're a frequent Powerball player or you only play when the jackpot is enormous, you want the best chance of winning. Consider this, the odds of winning an Academy Award are better than winning the big jackpot. But you're still going to play, right?  So, here are some tips to help better your chances of becoming an instant millionaire.