Mega Millions jackpot jumps to $970 million and Powerball prize is $730 million. Avoid these mistakes if you win

A buyer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, August 23, 2017.

Brendan McDermid | Reuters

The Mega Millions jackpot has continued its march towards $1 billion.

With no ticket matching all six numbers drawn Tuesday evening, the highest prize is now an eye-popping $970 million for the following drawing, set for Friday evening. And Powerball’s jackpot is not too far behind for Wednesday evening’s drawing: $730 million. 

Both jackpots, which rank among the many prime 10 largest ever, have been rolling greater since September by means of twice-weekly drawings with no winner.

Of course, sooner or later that can change. And whoever finally ends up holding the successful ticket in both recreation may even uncover their life is about to change dramatically. While the windfall opens up a world of prospects, it can also imply leaving your pre-winning life behind. 

“On one hand, it’s a fantastic experience but, on the other hand, it may come with necessary changes that can cause anxiety,” mentioned Walt Blenner, an legal professional and founding father of Blenner Law Group in Palm Harbor, Florida.

Here are some mistakes that winners ought to keep away from.

Telling too many individuals

Rushing to declare prize

Depending on the state the place you purchased the successful ticket, you get anyplace from three months to a yr to declare jackpots in each Powerball and Mega Millions.

In different phrases, it is price exploring your choices — each when it comes to shielding your id if potential and how you plan to obtain the cash.

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And, usually, it is not so simple as wiring that a lot cash to your checking account. When Blemmer helped a jackpot winner, the monetary establishment receiving the cash wanted to put together.

“They had to notify the federal government that they were getting that big check and that it wasn’t coming from a foreign country,” Blenner mentioned.

Going it alone

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