Eventually, somebody is going win the biggest jackpot in lottery history. If that happens to you, here are five things you should do.
, it's hard to pass up a putting a few dollars behind a monumental long-shot and mind-boggling payoff. "From a purely logical sense, it's not a good financial decision," said Jacob Robbins, an assistant professor of economics at the University of Illinois at Chicago."But humans are not logical. We don't think in terms of probabilities and returns. We think in terms of ideas, and dreams, and thoughts about what we would like to do with the money.
Make several copies of the front and back and put the original in a secure place, like a home safe or bank deposit box. You'll want to show these to your attorney for review before you sign the ticket. In some states, signing it right away may prevent you from creating a blind trust to protect your privacy. Don't tell the world that you just won hundreds of millions of dollars--or even much less, for that matter. Keep that news as private as possible.
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