What To Do If You Win The Mega Millions Jackpot

Customer buys Mega Million tickets

Markell DeLoatch, Public Opinion

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PITTSBURGH (Newsradio 1020 KDKA) - The Mega Millions lottery jackpot has now reached 1.6 billion dollars.

The next drawing will be Tuesday night at 11:00 p.m.

Drew Svitko, Executive Director of the Pennsylvania Lottery, joined KDKA Radio on Tuesday to talk about what the winner needs to do. 

Tickets are being sold right now faster than ever before. “We’re selling tens of millions more tickets now, as opposed to a regular jackpot,” Svitko said.

If someone wins, he or she need to stay calm. “Sign the back of your ticket and put it somewhere very safe. Then take your time to seek professional help.”

Related: No Mega Millions winner, jackpot climbs to $1.6 billion

This way, your name is clearly on the ticket if anything happens.

It is also important to talk to a lawyer or financial advisor before the ticket is turned in.  "Do your homework before you come and see us,” Svitko added. One little error could be a costly mistake. “The decisions you make when you come to see us at lottery headquarters, influence the finances associated with that huge payout,” Svitko tells KDKA Radio.

So, be prepared if your name is called.

Around 1/3 of the winnings will be taxed. “We are by law required to collect federal taxes of about 25%, and then state taxes apply as well, and that’s a couple percent,” Svitko explained.

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