How to deal with a $347 million Mega Millions Win

Will the next Mega Millions draw produce a jackpot winner? Tuesday January 18 sees a massive $347 million top prize. Could a ticket purchased from Lottery24 make you a multi-millionaire? If so, how is it best to deal with this newfound wealth.

It was back on October 20 last year that we had our last Mega Millions jackpot winner. That was a $108 million prize won by three family members from Arizona. January is a lucky month to play this lottery.

Last year, a four-strong lottery club from Michigan won a staggering $1.05 billion Mega Millions jackpot. Such a win totally changes your life and help is needed to adapt to your new life. Take some time to cope with the fact you have become a multi-millionaire. A trip away for a few days is a good idea.

Big decisions to make

With a lottery such as Mega Millions, there are two ways of accepting your winnings. You need to decide whether to receive your prize as an annuity. One payment will be received and then 29 more annual payments, each 5% higher than the previous one.

The most common occurrence though is accepting the jackpot win as a one-off payment. This is currently $239.4 million but will be subject to federal and state taxes.

Should you let everyone know about your win or remain anonymous? Going public will totally change your life, so a great deal of thought is needed.

Get some financial advice

It’s important to get help with how to deal with your Mega Millions win. Find a financial advisor who is experienced with helping lottery winnersThis could be making investments or perhaps starting that business you’ve always dreamed of doing.

It’s vital you use your Mega Millions winnings to improve your financial situation for years to come. Don’t go out and spend like there’s no tomorrow. Use your winnings responsibly in ways that will improve your life. Paying off your mortgage is something many winners do. Putting money aside for your children is another excellent idea.

Buy your Mega Millions tickets from Lottery24.