Bobbi Hubbard of South Pittsburg, Tenn., likes to work on community projects such as trying to start a free medical clinic in Marion County. In addition, she has lived in the same house for about 18 years.
She hit a $25.5 million Powerball jackpot in 2005, and that made her the state’s all-time big winner as Powerball marked its seventh anniversary in Tennessee. Hubbard and her family decided to have a smooth transition and they are spending their money prudently wisely.
Powerball has become one of the most popular lottery games in the state. The $1 tickets have accounted for over $1 billion in sales in Tennessee, and 243 Powerball tickets worth $100,000 or more have been sold in Tennessee. Twenty-five were worth at least $1 million. US lottery
Hubbard said that the first thing they did was get a trustee to manage the money.
They paid off bills and their mortgage and they invested the rest.
She added that they lived off the interested and they were trying to be careful about it.
Evidently, the jackpot allowed her family to do a little splashy splurging, but not too much.
They purchased a red Dodge Durango so six family members could travel 100 miles to Nashville to claim their winnings. They took home $13.8 million in a lump sum payment.
They also bought a four-bedroom, two-and-a-half-bath home a block from the beach in Panama City, Fla.
Hubbard said that they went there about once a month.
Then, she purchased a red 2009 Dodge Challenger, and husband Richie bought a blue 2010 one.
The Hubbards sold their auto parts store and repair shop. They had won a $25,000 bonus for owning the retail shop that sold the winning ticket.
Richie Hubbard enjoys tinkering with vehicles. Before his ticket matched all six Powerball numbers on March 30, 2005, he’d been an auto mechanic specializing in electrical systems and transmissions.
Their three sons are well grounded despite the family fortune. One wanted to become a minister and was in Israel on an exchange program. Another was a police officer in Kimball, Tenn., fulfilling a lifelong dream to work in law enforcement. The third worked at an auto parts retailer with sidelines at a fitness center and renting recreation equipment.
Richie Hubbard said that he thought they had all got work ethics.