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Twelve things not to do if you win the lottery

Topic closed. 126 replies. Last post 3 years ago by fastball 9.

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Pita Maha's avatar - 940d8157 d1fb-4f70-a715-6ad04d915489.jpg
SW Florida
United States
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August 11, 2013
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Posted: September 10, 2013, 3:00 pm - IP Logged

Thanks for that informative explanation, KY Floyd Thumbs Up

So when you say to "keep your mouth shut if you win" - you mean to not tell everyone where you bought the ticket and when?  But don't the lottery people state where the winning ticket was sold? If someone wanted to cheat you out of your winnings, they could say they bought the ticket there too, no?  What if there's no security video of the winning ticket being sold at that store and at that time? Just curious, thanks.  It seems like such a worry, not that I'd really mind being in the lucky position to worry about that Smile

    Jill34786's avatar - Lottery-006.jpg
    Windermere, FL/Franklin, TN
    United States
    Member #50210
    March 1, 2007
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    Posted: September 11, 2013, 12:49 pm - IP Logged

    In Florida the state is only obligated to disclose the winner(s) name, city of residence, game won, date won and amount won. I am sure this is similar in other states that do not allow anonymity. There is nothing that mandates you disclose your age so don't!   If you have to give a press conference then have an attorney or spokesperson speak for you. You can hide behind a mask and a full body costume as there are no rules that disallow that behavior.

    Your residential address is confidential so the lottery can't disclose it to third parties. Prior to claiming your prize, I would also suggest the winner seeks temporary residence and a new driver license in a different state. After you have received your payout then purchase a home of your choice under a land trust...hopefully in state without an income tax.

    ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

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      NY
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      October 16, 2005
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      Posted: September 11, 2013, 2:33 pm - IP Logged

      Thanks for that informative explanation, KY Floyd Thumbs Up

      So when you say to "keep your mouth shut if you win" - you mean to not tell everyone where you bought the ticket and when?  But don't the lottery people state where the winning ticket was sold? If someone wanted to cheat you out of your winnings, they could say they bought the ticket there too, no?  What if there's no security video of the winning ticket being sold at that store and at that time? Just curious, thanks.  It seems like such a worry, not that I'd really mind being in the lucky position to worry about that Smile

      My advice if you win is to not tell anybody anything you don't have to. If anybody is going to try and get as hare that they aren't entitled to there's no point in giving them any info that might be useful. Don't even people that you won, let alone where and when you bought the winning ticket.

      As for what the lottery tells the public, there's nothing you can do about that. In some states they release general information, such as the town or county where a winning ticket was sold. In New York, where they apparently have a moron in charge of lottery security, they print the exact time of purchase on the ticket. The retailer is also listed, as a 5 digit number. If you know the general location you might figure it out by buying a few tickets, depending on how big a town it is. I don't think there's much risk if you haven't made promises, shot your mouth off, or played in a pool that's too stupid to have a good set of written rules, but being overly cautious isn't going to cause any problems.

        maximumfun's avatar - Lottery-030.jpg
        Lavender Rocket

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        Posted: September 14, 2013, 1:58 am - IP Logged

        I like #11... why oh why would anyone get celeb envy when they could enjoy the life of their dreams?

          sully16's avatar - sharan
          Ringleader
          Michigan
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          October 28, 2009
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          Posted: September 14, 2013, 10:08 am - IP Logged

          I like #11... why oh why would anyone get celeb envy when they could enjoy the life of their dreams?

          Good point

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"

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            Texas
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            September 4, 2012
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            Posted: September 17, 2013, 7:27 am - IP Logged

            I agree this article is very informative. Winners should keep the given advice in their minds so they will not be able to commit the same simple mistakes. Winners should be wise when it comes to spending their money. They should also learn how to invest so that they will not end up broke again. Once I win I will definitely follow these advice.

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              Dolce, Illinois
              United States
              Member #26462
              November 18, 2005
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              Posted: October 1, 2013, 12:49 am - IP Logged

              I think the article had a bit of 'tongue in cheek' aspect to it.  At least that's how I read it.

               

              Seriously enough it did point out errors winners had made (I recognized several).  The tone of the article was pretty much 'don't do that' and you'll be ok.

               

              I still have problems with rules states have for claiming the prize, and not allowing winners to remain anonymous.  Having to go public gets most winners off to a bad start and habits.  If you can claim anonymously at least you can get a jump of handling the money and protect your family, yourself and your interests.  Someday I hope players will become so outraged they'll demand the changes.  Until then, states will do whatever their lottery contractors tell them to, which always includes public winners.

               

              Don McNay has some good stuff on the lottery and down home ideas on how to handle a win.  Besides his efforts there is actually little out there on how to deal with a win.  Some books deal with 'sudden wealth' from other sources.  A few books talk about personal winners experiences.  A couple cover general investments, however, none really cover the topic from A to Z.  I know only a super minority of people actually win any lottery, but enough of us are interested in the topic to create a market.

               

              In the meantime, I'm still waiting for biographies from David Edwards and 'Lotto' Jack Whittaker, both famous winners from 11, 12 years ago who had wild rides after the big day.  If someone out there knows Edwards wereabouts today please fill us in.  The most recent thing I heard was that he's still kicking out in Kentucky.  Whittaker can't seem to stay out of the news.  Most of it relates to his troubles (his wife divorced him 2008, his daughter died from an overdose in 2009 and at last count he had been sued about 300 times over various business deals and personal poor judgement).  Besides those Jack has avoided people, the media (he charges $10,000 for interviews at last count (2011) and public places.  He maintains that he wishes he'd tore up the winning ticket.  He'd didn't.  Maybe someone out there in Hurricane, West Virginia knows how he's been doing.