Powerball is arguably one of the most popular lottery games worldwide. It has resulted in multiple iterations spanning worldwide, including in Australia. Most people dream about winning the big Powerball jackpot, and rightly so. The Powerball jackpot usually begins at a few hundred million, but it has gone as high as $1.5 billion. Naturally, winning such a large prize can be a life-altering moment for nearly anyone. As a result, people love to try their hand at the Powerball. However, winning the Powerball can cause your life to become chaotic if you aren’t well-prepared for it. Hence, we’ve prepared a list of things you should do before you claim your Powerball jackpot.
Things to Do Before Claiming Your Powerball Jackpot
Here are some things you need to do before you claim your Powerball jackpot. They include:
Protect Your Winning Lottery Ticket
You must ensure that you protect your winning lottery ticket. Since no one keeps track of who owns the Powerball tickets, your only chance of claiming your prize is by showing identification that matches the signature on the back of your ticket. If you lose your ticket, someone else could claim your prize instead. In addition, we also recommend taking pictures or scanning the ticket so that you’ve got a backup method of verifying your ownership of the winning ticket.
Check The Time for Claiming Your Prize
Rules regarding how long winners have to claim their Powerball prize vary. Depending on the jurisdiction, you could have a few days or a few weeks. Generally, your Powerball ticket will include a date for claiming your prize. However, if the date isn’t written, you can contact your local lottery. Ask them about their prize claims policy.
Anonymity
In some states, they’ll announce the jackpot winners to show they’re fairly distributing the prize. However, in some jurisdictions, that’s not the case. You’ll want to research the possibility of staying anonymous because your life is going to change drastically. Some states allow Powerball winners to stay anonymous, like Delaware, Kansas, Maryland, Ohio, etc. If you’re in any one of these states, you’re in luck.
Go Incognito
Once you win the Powerball jackpot, you’re going to be entering a new world. You’ll find reporters and other press members at your doorstep. Likewise, TV channels will likely reach out to you, inviting you to their shows. While this might all seem enjoyable, it can also become overwhelming. If you’re not interested in the spotlight, it would be a better idea to ensure no one can reach you. You can try to change your telephone number. In addition, setting up a P.O. box for your mailing address might also be an excellent idea. Consider deleting your social media accounts or making them private to protect yourself from prying eyes.
Managing Your Wealth
Winning the Powerball jackpot means you’re going to receive a massive amount of money. It can often be challenging for winners to deal with their newfound wealth. You’ll want to make sure that you’re using your money wisely. Hence, it’ll serve you well to hire a team of professionals who can help manage and grow your wealth.
We’ve partnered with Turner Little to help our winners manage their wealth. Consider checking out their services to learn how they can help you.
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