At some stage of our lives we’ve all fantasised about winning the lottery – whether we play the lottery online or buy lottery tickets at the corner store. Part of this amazing day dream, we conjure up an image of all our lucky lottery numbers matching up and changing our destinies. However, what we don’t really give much thought to is what happens afterwards. Do you know what to expect?
This article will shed some light on what you could expect if you win the lottery. Financial advice, special bank accounts and friends are some of the most important things to consider.
Imagine it happens. All the numbers you played come up and you have won the jackpot.
One thing we are prepared for is going on that fantasy shopping spree. Upgrading your home to the exact dream home you have always wanted, the dream car, children squealing in delight that they can receive anything their little heart’s desire and so much more.
However, for lottery jackpot winners there’s a lot more to consider than just buying everything you’ve ever wanted. Certain protocols will need to be adhered to. You won’t just get the whole lot of cash plonked into your account. Thankfully either the governing body you purchased the ticket from or the company you purchased the lottery ticket online through has a team of ‘ Winning Advisors’. These highly-skilled individuals will be there to help you.
Winning the lottery if you buy your EuroMillions lottery ticket from the corner shop
If you are lucky enough to win the EuroMillions jackpot prize, there are a number of steps you need to go through before the money ends up in your bank account. The first thing you need to do is sign the back of the ticket. Once you have done so, you need to contact the National Lottery Customer Care Team. The number is on the back of your ticket.
The phone operators are used to receiving all sorts of lottery queries. They will start by asking you to provide some information about your ticket; not just the winning EuroMillions numbers but also various other numbers which help to identify when and where it was sold. They will be able to check their records and tell you whether or not it looks like you have a valid claim. They will then arrange for a validation appointment to take place at a time and place that suits you.
The whole process is extremely easy and you will receive assistance along the way, but it is useful to know exactly what to expect.
In the event that you won a smaller prize, you can go into any authorised retailer to claim your prize.
Winning the lottery if you buy your EuroMillions lottery ticket online
If you have won a substantial prize or the jackpot, your winnings will automatically be allocated to your winnings balance as soon as the draw results have been announced.
Smaller winnings are commonly redeemed for play credits while larger winnings are withdrawn.
How long can you take to claim
For those purchasing EuroMillions tickets from the corner shop, you have 180 days to claim EuroMillions prizes in the UK. If you prefer to take your time to let the win sink in and first seek advice from financial advisors, we suggest that you work out when the prize will expire so you don’t miss out on any winnings.
Just like claiming your winnings offline, if you win a really large amount online, our support services will be in touch with you to ensure that your winnings arrive as safely and smoothly as possible.
It’s important to note that withdrawals can take up to two weeks, but can also be as quick as a couple of days depending on which method you choose for your withdrawal.
Deciding to go public or opting to stay anonymous
With lottery jackpots getting bigger and bigger, more and more lottery players are opting to keep their identities private if the law says they can.
Lottery players purchasing their tickets from a lottery retailer the UK, can choose to go public or stay anonymous. For those playing the American lotto games in the various States, each State has their own laws on the subject.
If you do however, choose to go public with your EuroMillions jackpot win in the UK, it’s important to note that you will have to fulfil various media obligations, including a winner’s ceremony, during which your name will be released to the wider world and you will be asked questions about your life and plans for the money.
Winning the lottery online automatically means that your lottery win will stay private. Of course, the option to go public is still an option but the choice will be yours and yours alone.
Will there be any continued support?
Absolutely! Whether you decide to go public or not, the National Lottery or the lottery company you purchased your tickets through will continue to be on hand to provide support.
Most people take time to adjust to life as a big jackpot lottery winner, which is why they will be available to offer advice for as long as you want it, but they will always emphasise that it is up to you to do whatever you want with your money.
As life goes on and you adapt to your new financial circumstances, there are a few tax implications for you to keep in mind. While lottery winnings in the UK are not taxed, the interest on your win will be subject to income tax in the country you reside in.
Play the lottery online right here at PlayEuroMillions.com today and stand a chance of changing your destiny forever. Above all else, we look forward to seeing you become a millionaire!