The First 10 Moves to Make After Winning the Lottery.
Stay Calm and Keep It a SecretYour excitement is natural, but sharing the news too soon can attract unwanted attention. Keep your win private until you’ve planned your next steps.
Double-Check Your TicketBefore celebrating, verify your ticket through the official lottery website or at an authorized location. Losing out due to an error would be devastating.
Sign the Back of Your TicketThis prevents anyone else from claiming your prize if the ticket is lost or stolen. It establishes your ownership legally.
Consult a Financial AdvisorA financial expert can help you manage your sudden wealth, ensuring that taxes, investments, and spending are handled wisely.
Hire a LawyerA lawyer with experience in handling lottery winnings can guide you through legal matters, including taxes and estate planning.
Stay Anonymous if PossibleSome states allow winners to remain anonymous. If allowed, this can protect you from scams and unwanted attention.
Pay Off Debts FirstEliminate any outstanding loans, credit card debt, or mortgages to secure your financial stability.
Set Up a Trust or LLCPlacing your winnings in a trust can protect your money and provide long-term financial security.
Avoid Impulsive SpendingMany winners go broke due to reckless spending. Take time to make a budget and invest wisely.
Make a Long-Term PlanThink about your future—whether it’s investments, real estate, or charitable donations, having a solid plan will ensure lifelong financial security.