What Really Happens After You Win the Lottery?

Video Description

Winning a big ticket lottery very often isn’t all that it cracked up to be and despite a windfall of cash, a surprising number of winners have gone on record as saying winning the lottery was the worst thing that ever happened to them. And some could never end up saying it because of the surprising amount of murder that occasionally happens after, as we'll get into. But as to the more normal non-murderous awful, this is something that might have a lot to do with the fact that lottery winners (at least in the US) often receive little to no advice on how to adjust to their newfound wealth, which may sound obvious and easy to some, but there are a number of pitfalls we're guessing most have not considered that have nothing to do with having well managed investment accounts. But we're getting ahead of ourselves. Simply put, if you win the lottery in the United States, after confirming with whichever lottery authority issued the winning ticket that it’s genuine, there’s pretty much only a single thing you need to do before the money will be paid out- choose whether you’d like the jackpot paid out in a single lump sum or in annual payments spread over the course of several years. While the standard for Powerball and Mega Millions - the two largest and best known lotteries in the US - is for these annual payments to occur over the course of 29 years, some smaller state lotteries offer more flexible payment options. This is an excerpt from our video: So What Happens Exactly When Someone Wins the Lottery? https://youtu.be/lfY94JZsYYM