This is from my research about playing the powerball in Pennsylvania and also being a Pennsylvania resident...
(also not an attorney ;-) )
A) SIGN the ticket.
B) On the PA Lottery website,they list a phone number that you can call and ask what you need to do next. They WILL release your name/hometown/amount won/where you bought it... you CAN however refuse photos and the press conference/cardboard check ceremony.
C) Check to see if your bank participates in CDARS, this will allow FDIC insurance in a large Certificate of Deposit for up to 30,000,000, standard bank accounts allow for only 100,000 insurance. IF they do, ask them for an electronic transfer number, you will need that at lottery HQ.
D) IF you are preparing a revocable trust, you need to have it notarized and completed, I think you can sign the ticket as
"XYZ Trust... your name TRUSTEE"... they STILL release your name, but if you are creative with naming the trust you might fool some into thinking it's a group of people rather than an individual ;-)
you get to lottery HQ
E) You need proof of ID, your electronic transfer number, the winning ticket(of course),and a COPY of the trust. I don't know if you need anything else as I got that from correspondence with the PA lottery, but when you call they can tell you what else you need.
F) You will fill out form IRS1099G, you WILL owe more than the 25% they withhold, but you have to pay that later with a different IRS form, not sure of the number of that form.
G) You WILL leave that day empty-handed, so MAKE A COPY OF FRONT AND BACK OF THE TICKET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Before you go. (And AFTER you sign it) In Pennsylvania the "validation" process can take up to 8 weeks, so you can't just quit your job... BUT the boss might axe you when your name is announced (THIS is but one of the many issues I have with PA's policy of announcing the name before paying up). During this process, they WILL check to see if
...1)You owe any back child support
...2)You are required to pay back any welfare
...3)You have judgement against you for any crime that would require monetary reimbursement
that will be deducted before you get a dime.
H) GIFTS... anything over 12k in one tax year will require BOTH YOU and the recipient to pay a gift tax.
There are a number of things above that will require at minimum an Attorney and a Tax Specialist, so be sure to consult with them before doing anything (but of course AFTER you sign the ticket... that is the important part)