What to Do After Winning a Lottery Jackpot

Lottery jackpot

A super-sized Lottery jackpot is one of the most popular ways to draw attention to a lottery. It drives up sales and generates free publicity on newscasts and websites. In addition, a larger jackpot increases the chances of a jackpot carryover, increasing stakes and attracting public interest.

If you want to play the lottery, there are many different games available. There are $2 games, like The Addams Family Fortune, and $5 games, like the LOTERIA(tm) Extra. You can also play for a top prize of $10 million. You can even play for a smaller amount by choosing tickets in a lower-cost game.

There are many legal and financial issues to consider after winning a lottery. A good attorney can help you claim your prize and structure your assets for maximum benefit. A licensed financial advisor can help you manage your investments, pursue charitable causes, and achieve other financial goals. You will likely be approached by multiple advisors, so it’s important to choose the right ones for your situation.

The next step is to decide whether you want to take a lump-sum or a series of payments over time. The former is better for people who have trouble handling their money. It will give you a more stable income and can help you budget your spending. It also eliminates a significant tax burden.