Mega Millions lottery nears $1 billion — what to know if you win

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The Mega Millions lottery is nearing $1 billion. It's currently the third-largest jackpot in the game's 20-year history. So what if you win? Here's what you should immediately do:

The Mega Millions estimated jackpot has surpassed $800 million — the lottery board’s third-largest jackpot in its 20-year history.As players pick their numbers in 45 states plus Washington, D.C., and the U.S. Virgin Islands — and dream about their chances of winning — few know how they’d protect themselves if they actually won.Financial experts have resources available for lottery hopefuls.

Scammers can also ask for personal information or payments that they claim are for "taxes" or "fees."DePaul University finance professor Lamont Black talks about the massive Mega Millions jackpot and offers some tips. The lottery board recommends that winners look into resources, financial planning tools and personal specialists from the American Institute of Certified Public Accountants, a national professional organization that has more than 428,000 CPAs affiliated with it.Seek help if gambling is a problem

These copies can be shown to lawyers or accountants while the original ticket remains stored in a personal safe or bank deposit box. "Be sure to change your phone number and set up a new P.O. box beforehand to avoid being inundated with requests," State Farm writes.

 

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