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Steps to take
- Don't announce that you won the lottery... to anyone.
- Seek the advice of both an attorney and an accountant.
- Decide on taking either the lump sum or installments.
- How should I spend my winnings?
- •Should I take the money as a lump-sum or in installments?
- •Who should I contact for legal and financial advice?
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What should you do if you win a lottery ticket?
What should you do if you win the Mega Millions jackpot?
How do I claim a jackpot if I win a lottery?
How do you win a Powerball jackpot?
- Establish proof that it’s your ticket. While signing the back of the ticket is one step a winner will want to take, Robert Pagliarini of Pacifica Wealth Advisors once told TODAY it would be smart to take another step in case you ever need to prove it’s yours.
- Keep it on the down low. That selfie or video clip isn’t for bragging on social media. While no one would blame you for wanting to shout from the rooftops that you’re the latest member of the billionaire club, Pagliarini added, “You really want to keep this as private as possible.”
- Hire a team of professionals to manage your money. In fact, a man who won $20 million from a Quick Pick ticket in 2014 considers getting professional help his own top tip.
- Don’t accept the prize money right away. No matter how excited you are to deposit that huge check into your bank account, Kathleen Jacob, public affairs specialist at the North Carolina Education Lottery, suggested holding out as long as possible.
Nov 10, 2022 · Lottery officials put the odds of drawing the winning number at 1 in 292.2 million. To win the jackpot, a player must match all five white balls, in any order, plus the final red Powerball...
Do you take the lump sum or the annuity paid out over time? How much will you give to charity, friends and family? First things first, according to experts: Keep your mouth shut.
Jan 31, 2024 · If you win a jackpot, you will claim it at your state’s lottery office. Before you do so, there are things you should do: 1. Safeguard the ticket. Sign the back of the ticket immediately...
Feb 7, 2023 · A ticket matched all six numbers Monday night to win the $754.6 million Powerball jackpot. If it's you, here's what you should do (and not do) today.
Jul 20, 2023 · Lock up your ticket and go hide. What to know if you win the jackpot. Medora Lee. 0:00. 0:56. Editor’s Note: This story was originally published on July 20, 2023. While the general financial...
Mar 19, 2024 · If you win the Mega Millions jackpot, be quiet. Then, do this. Medora Lee. USA TODAY. 0:03. 0:54. Lotto fever is rising again, with the Mega Millions jackpot surging after a win-less weekend,...