Hit the Jackpot? Here’s What to Do First

When jackpots skyrocket into the hundreds of millions—or even billions—it’s hard not to daydream about what life might look like with that kind of money. Would you quit your job the next morning? Post your win on social media? Or maybe start mapping out the kind of future only lottery money can buy?

Last weekend’s $1.8 billion Powerball slipped past Pennsylvania players, but there’s still plenty of action ahead. Mega Millions is sitting at an estimated $358 million, and the state’s Match 6 jackpot has climbed to about $4.5 million for Tuesday night.

But here’s the real question: What should you actually do if you win big?

The First Moves After a Win

• Tell your spouse, partner, or close family first.

• Then, get the right team around you: an attorney, an accountant, and a financial planner.

• Be cautious about who else you share the news with.

Chester County attorney Sam Cortes, who has worked with lottery winners for years, puts it simply: surround yourself with the best advisers. That way, you keep your money safe, maximize what you actually get to keep, and avoid common mistakes.

Why a Team Matters

• Taxes, estates, privacy issues, and paperwork all come into play right away.

• You’ll need to decide whether to take a lump sum or an annuity—and the best choice depends entirely on your situation.

• Even with smaller wins, say a few million, the advice stays the same: protect your money before spending it.

Cortes has seen what happens when winners skip planning. Some walk away with millions only to find themselves broke a few years later. A little caution and smart strategy can make the difference between a short-lived windfall and long-term financial security.

Don’t Rush, Don’t Wait Too Long

You typically have a year to claim your ticket, but don’t let excitement push you into quick decisions. A few days of planning won’t cost you the prize—but it could save your fortune.

At the end of the day, whether you’re holding $5 million or $1 billion, the smartest play isn’t just picking the right numbers. It’s making the right moves once the jackpot is yours.