MANY don't imagine they will ever win the lottery, but when it happens, there are specific rules you must follow to collect your earnings.
The winners are required to pick up their jackpot in person, but can they conceal their identity to the public?
Can you remain anonymous after winning the lottery?
After getting lucky and winning the lottery, winners are plagued with the task of coming forward and revealing their identities.
Winners can remain anonymous depending on the state they live in.
Only 11 states allow lottery winners to maintain their anonymity: Arizona, Delaware, Georgia, Kansas, Maryland, New Jersey, North Dakota, Ohio, South Carolina, Virginia, and Texas.
Six states also allow people to form a trust to claim prize money anonymously.
On the other hand, states like California entirely forbid lottery winners to remain anonymous.
It is advised to read your state’s regulations regarding lottery winnings before playing for cash.
How can you remain anonymous after winning the lottery?
There are various ways to remain anonymous to claim a lottery prize.
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Buying a lottery ticket in a state that does not require winners to come forward is an effective way to conceal your identity.
Another way is to not tell anyone you scored the jackpot or change much of your lifestyle to avoid having your identity revealed.
Deleting social media accounts, changing phone numbers, and addresses can also be an alternative to remaining anonymous.
Experts advise setting up an LLC or trust to make large purchases without revealing your identity.
Getting a lawyer and financial advisor is important in ensuring privacy and managing funds for lottery winners.
Some also wear a disguise to claim their hefty checks and do press conferences, a tactic that is legal depending on the state you reside in.
What are the odds of winning the lottery?
The odds of hitting all six lottery numbers are one in 13,983,816.
According to Lottery USA, the odds of winning the Mega Millions jackpot are one in 302.6million and the odds of winning the Powerball jackpot are one in 292.2million.
Lottery players have greater odds of becoming president of the US or a Hollywood star, getting killed by a bee, or having conjoined twins.
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