There are numerous benefits to buying lottery tickets. For one, they’re considered a low-risk investment, with the potential to win hundreds of millions of dollars. Plus, they contribute billions of dollars to government receipts. However, those same people may have been saving for a college tuition or retirement, instead of buying Lottery tickets. Those foregone savings may amount to thousands of dollars. It’s easy to see why lottery players’ decisions are often fraught with legal and ethical issues.

For many lottery winners, the dream of winning the jackpot is so great that they choose to quit their jobs and go on spending sprees. But this newfound wealth often leads to scammers, who take advantage of the newfound wealth. In order to avoid being a victim, here are some tips on how to keep your name out of the news:

There are over 350,000 winners each day. You could be one of them. Find out which big winner you might be among. You never know, you may be the next big winner! Just remember to play the Lottery to ensure that you don’t miss the chance of winning big! While you’re at it, be sure to share your winnings with friends and family. It’s never too late to try! While you may be too old to play the lottery, it’s never too late to try it. You can always donate to charities, so you’ll also help support worthy causes.

Tax implications: While winning the lottery jackpot is a great feeling, it also means a huge tax bill. While the federal government withholds 24% of the winnings, lottery winners must still pay the rest of the taxes. Withdrawals can range from as little as $20 to as much as $1.337 billion over 30 years. You’ll also likely owe state income taxes. The top federal income tax bracket is 37%, and is projected to increase in the future.