Due to players winning large jackpots, the Euromillions and British National Lottery prize draws have seen more millionaires than ever before. One lucky winner in the British National Lottery, for example, won more than PS6million. A European prize draw winner took home over PS37million. Other draws have seen other winners win much larger amounts. Indeed, these two lotteries combined have created thousands of millionaires. Similar records are also found for other global lotteries.
Although such examples can be a source of hope for many, it is also a reminder that not all winners are lucky enough to win such huge amounts of money. What should a lottery participant do if they suddenly win the top prize money?
1. Check the Ticket
It may sound obvious but players have mistakenly believed they won large amounts of money. It is best to go to the official website of the lottery administrator.
Many winners admit to having checked multiple sources before believing that they were winning.
2. Hold on to that ticket
Now that little slip of paper has value, it is worth money. Lottery managers need to see your ticket. Find a safe place to store it. It doesn’t necessarily have to be with the bank. However, it should be somewhere safe and easily accessible.
Many winners just keep it in their purses or wallets. Others hide it in a safe place at home. Others may hide the money in other places, like in a bible, freezer, or even a clock.
You have to be able again to find it. Imagine what you would feel if a winning ticket was lost.
If the prize is smaller, the winner should return the ticket to where it was bought. For larger prizes, the winner must call the lottery administrator at the telephone number located on the ticket. If you are part a syndicate, you will be contacted by the administrator.
A lottery administrator company is usually experienced in handling big winnings so they will have a professional team ready and waiting to assist. Usually, you will visit the regional office to get assistance.
3. Are you making your win public?
This is an important question. Colin and Chris Weir’s July 2011 win of PS161million was the largest in Euromillions. Their win was made public by the couple, but they were forced to conceal their identity for some time to avoid any attention. One other winner from this year won PS113million, but nobody knows who it was. My personal choice is to be quiet.
Winners in Israel, the Far East and elsewhere have begun to wear masks to protect their anonymity.
Again, a lottery administrator would advise you and respect your choice.
4. Get Good Financial Advice
You need to be skilled in handling large amounts of money. It is important to open a bank account for electronic lottery funds. One of the first people you will meet is a bank official. Lucky lottery winners will find a trusted financial advisor that will manage your money’s day-to-day administration.
5. What Should You Do with Your Money?
Everyone has their own idea of what they want, but lottery administrators encourage winners to take a vacation right away. This is to help you relax and adapt to the changes in life. It will allow you to take a step back and help you make more rational decisions about the future. Lottery winners often feel more content when they don’t have to rush into changes a9play apk download.
Another benefit to a holiday is that you can let your excitement about winning die down. If there are any begging mails or calls, you can have someone take care of them while you are away and redirect your post. This task is already done by the lottery administrators.
Would you quit your job? This is often their first decision and often it’s not as simple as you think.
French Loto winner Alexandre, who was simply called “Alexandre”, quit his job to buy the transport company that he had worked for and save it from financial collapse.
Three years back, a supermarket worker won a prize of more than APS2,000,000 from the British National Lottery. Nicky Cusack decided that she didn’t like her colleagues so she went back to stacking shelves.
6. Enjoy Yourself
The best thing about winning the lottery is having fun. Not being happy with your money will not make you happy. There are many good things you can do with your money, but everyone should be allowed to have a little fun.
Although it all depends on the amount you win, getting your dream car and house would be possible if there was enough money. After you have the money in your system, it’s time to decide what to do next. Don’t forget about investing responsibly or giving to others who might need it.
Lotto winners now have access to professional and extensive experience so the experience isn’t stressful. Let’s take a moment to imagine what we would do if we won the lottery. Next, buy your tickets. With luck, you will be able put this advice into motion.