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- Sandra Grauschopf
- Take Your Time Claiming Your Prize. The first thing you should do after receiving the news that you've won a jackpot is to check the rules for claiming your prize.
- Get Good Legal and Financial Representation. After you've verified your options for claiming your lottery prize, focus on getting solid legal and financial advice.
- Lump Sum or Annuity? Powerball jackpot winners are given a tough choice: accept a smaller amount of money as a lump sum, or receive the entire amount of the jackpot spread out over 30 years.
- Protect Your Privacy, Control Your Story. It's important (though excruciatingly hard) to keep your big win private. Although it's tempting to shout your news to the world, as soon as people hear that you're about to become a multi-millionaire, you become a target.
Oct 4, 2022 · Lottery player buys car without even asking for the price after massive win; Lottery player wins $1,000 a day for life, opts for multimillion dollar lump sum; Stop, think, and breathe. So, you just found out you have a winning lottery ticket? Before you go to claim your prize, Desbiens advises you to stop, think, and breathe.
- Isabelle Docto
- What It Feels Like to Win A Multi-Million Dollar Jackpot
- Winning Comes with Major Drawbacks
- Debunking The Curse of The Lotto Win
- If I Had A Million Dollars … It's Not Enough
- Advice For Canada's Newest Multi-Millionaire
Randall Rush, of Lamont, Alta., won a $50-million Lotto Max jackpot back in 2015. "I woke up and it was a Saturday morning," Rush recalled. "I ran my cat out of food which is not a good thing [since] he's a 28-pound Maine Coon." "It was the very last ticket in the stack," said Rush, "it just lit up on the screen [saying] it appears you've won fifty...
While the $50 million jackpot allowed Rush to immediately retire from his job as a heavy equipment salesman, he felt it also made him a marked man in some respects. The same year Rush won the lottery he invested millions in a tech startup launched by the son of his then-best-friend. The relationship went south soon after and Randall ended up taking...
The idea that lottery winners wind-up emotionally broken and financial broke traces back to two sources. One study published in 1978talked to a small sample of 22 lottery winners about their everyday happiness. When compared to a group of traumatic accident survivors and a control group of everyday people, researchers found the lotto winners weren'...
If winning the lottery won't ruin your life, it's time to get out your calculator to determine how much money is enough to settle you for the rest of your life. According to Tim Cestnick, a Toronto-based financial planner and CEO of Our Family Office, one million dollars isn't enough. "It used to be that a million dollars … 20, 30, 40 years ago was...
"As tough as it may be, just get out of dodge right away," said Rush, who suggested heading to a resort. But the lottery winner also had some cautionary words. "Don't think your life won't change, because whether you like it or not your life has changed. You can't go back to your job. You see a lot of people say, 'well you know it's just business a...
Mar 3, 2024 · 4 | If you win, keep it private. GaudiLab / Shutterstock. When Manuel Franco, then 24, won the $768,000,000 Powerball Jackpot in 2019, he was afraid to collect his winnings. "When I won I wasn't ready for it. I got that paranoia that you get when you think the whole world is after you," he said in a news conference after claiming the winning ...
- Brooklyn, NY
- Freelance Writer
Jan 14, 2022 · The OLG has revealed the identity of the Brampton, Ont. man who was the lucky Lotto Max jackpot winner worth $70 million — and scored big from a “quick pick” ticket.. The Ontario Lottery and ...
- Gabby Rodrigues
Mar 15, 2024 · Before you play the most winning lottery numbers and study which state has the most lottery winners, read up on what past lottery winners have to say about life after lotto. It may be much ...
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Lottery winners often find themselves facing a sudden loss of privacy as their identities become public knowledge. They may be inundated with requests for interviews, financial advice, or even ...
