How to Secure Your Identity If You Win a Lottery Jackpot

lottery jackpot

Winning a lottery jackpot is the dream of many people. But you must take steps to protect yourself and your identity, even if you do win the jackpot. This will keep your name and winnings out of the news and protect you from scammers and long lost friends. Here are some tips for securing your identity:

Lottery winners should consider the tax implications of their lottery winnings. In the U.S., winnings are taxed at Federal and state levels. Depending on the lottery, the prize may be taxed either as a lump sum or as an annuity. In the former case, you may have to pay taxes on your winnings, which can be as high as 30%. In addition, you may be required to pay state and local taxes.

Mega Millions jackpots have been growing for more than three months. The chances of winning the top prize are about one in 302.6 million. The last winner of the Mega Millions jackpot claimed the top prize of $20 million. If the current jackpot is won, it will be the fourth largest lottery prize ever won in the U.S.

In the Low Countries, the first known public lottery with a money prize was held in the 15th century. Different towns held lottery draws to raise money to improve their towns and to help the poor. According to the town records in Ghent, there may have been lottery games even earlier. One record from L’Ecluse, dated 9 May 1445, mentions a lottery where 4304 tickets were sold. Each winner received 1737 florins, which would be equivalent to over US$170,000 today.