We have all fantasised about winning the lottery jackpot. Maybe you’ve even dreamed about what you’d do with all that money or how it would feel to become a millionaire overnight. What happens if your dreams come true? What should you do if you win the jackpot?

Here at Lotto Social, we have a bird’s eye view of what happens to jackpot winners, and we want to help you avoid making the big mistakes should your numbers come up. So here is your complete guide to show you precisely what you need to do after winning big.

Accept the prize anonymously if you win the jackpot

When you win, there will be pressure to go public. Everyone from the Daily Mail to your local paper will be interested in your story. If you decide you want to go public this is a personal choice, but as a default we suggest staying private. 

But if you do decide to go public, it’s important to consider both the pros and cons. Your friends, family as well as strangers will be aware of your win.

Set yourself boundaries if you win

It may be difficult to hide your win even if you decide to stay private. If you decide you want to give. It’s important to sit down and think about who you want to give money to before this happens and how much to give. Be preemptive. Tell the people you will give them money; however, you are not a piggy bank. Practice telling people no. Above all, remember this – it is YOUR money.

Speak to a financial advisor