Lottery, a gambling form which allows its bettor withdrawing lots for prizes, has been around for quite some time. The existence of lottery can be traced back to ancient Chinese days around 205-187 BCE. During the Han Dynasty, lottery in the form of keno slips helped the country’s government to finance building projects such as the Great Wall of China. Lottery then spread to other parts of the world including Europe, America, and Australia.
In countries like the United States, during early 1900s, lottery was associated with less unfortunate people. Many stories were around about how homeless people got rich suddenly because of winning lottery and then relapsed to poverty as they couldn’t manage the money they had received lottery sambad . While lottery can help people in bettering their financial states, it can be harmful as well. To prevent bad things happen following the winning of lottery, here are some tips a lottery winner can follow.
People who win lottery and are announced in the local newspaper are easy target for criminal act such as robbery or theft. If possible request the authority to maintain your identity anonymous to lessen the criminal risk. If you name is already written in the news, do some preventive act such as changing address and phone number.
Instead of cashing your slip right away, wait for several days (at least a week) to claim your prize. This is performed to lessen the winning euphoria and prepare to arrange plans for the money management. Prior to cashing the lottery, make back-ups of your ticket in the form of hard copies and digital copies in case you encounter problems.
Dealing with lots of money along with its tax and other elements to follow might not be your everyday cup of tea. Here, the role of a professional is highly needed. The accountant will help you taking care of the taxes as well as managing the money you received. You will probably also need financial consultant to decide the right thing to do with the lottery prize.