4 Things You Shouldn't Do When You Win The $900 Million Lottery Jackpot

Here's how to avoid losing your winnings!

October 18, 2018
Adam Cash

Jay Edwards

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You might not have won the big Powerball jackpot last night, but dont worry because there's $900 million out there waiting for you! 

You have a 1 in 300 million chance of hitting the Mega Millions jackpot tomorrow, but at least if you get a ticket, you're in the running! And if you do win, make sure you immediately call us and secondly, avoid these four things that could make you lose your winnings.

1.  USA Today says to make sure you don't forget to sign the back of the ticket.  It protects you in case someone steals it, so you should sign it immediately.

2.  Don't tell anyone!  You'll have family, friends and complete strangers come out of the woodwork looking for handouts.  But an even bigger concern is who they'll tell.  We've seen horror stories before about people hitting the lottery, then having their house broken into or even worse.

3.  Taking the lump sum payout is tempting, but don't automatically do it.  As long as you're smart with the money, it makes sense because you can use it to make even more money with invesments and savings. However, the problem is most people aren't smart about that much money.  Roughly 70% of people who get a huge windfall of cash lose it or spend it all within a few years. 

4.  Don't start backing all your friends and family's business ideas.  Remember that sports bar your Uncle Larry has been talking about for years or  that invention your neighbor Jane has? Well, slow your roll don't start buying people cars and houses.  It's amazing how fast you can burn through cash, especially if you take the cash payout.