What NOT to do if you win the Powerball jackpot

- The current jackpot for the Powerball lottery is a record-breaking $1.5 billion. The cash value amounts to $930 million. The next drawing is Wednesday night. 

If you win, attorney Jason Kurland, the "lottery lawyer," who has had several major lottery winners as clients, says there are things you should NEVER do.

1. Don't take the annuity despite what others might say.

"You will do better investing yourself than letting the lottery do it for you, but you need an expert advising you," said Kurland.

2. Don't immediately give away money to needy family or friends.

"Take a deep breath. I see what their goals are and go from there. Grow into it," said Kurland.

3. Don't invest all your winnings right away.

"Start investing slowly. You will earn $21 million a year if you invest conservatively," said Kurland.

4. Don't go out and buy houses for everyone.

"We set up trusts so you can do that the right way," said Kurland.

For more tips, visit TheLotteryLawyer.com

Up Next:


  • Popular

  • Recent

WATCH FOX 7 NEWS LIVE

FOX 7 News streams at the following times (all times Central):


Monday - Friday

4:30 a.m. - 10 a.m.

12 p.m. - 12:30 p.m.

5 p.m. - 6 p.m.

9 p.m. - 10:30 p.m.

Saturday

6 a.m. - 8 a.m.

6 p.m. to 6:30 p.m.

9 p.m. to 10 p.m.

Sunday

6 a.m. - 8 a.m.

5 p.m. to 5:30 p.m.

9 p.m. to 10 p.m.



Schedule subject to change in the event of network sports coverage.

We also stream press conferences and other breaking news coverage from time to time. When we are not in a live newscast, you will see replays of the most recent broadcast.

To enter full screen Mode click the button.

For closed captioning, click on the button while in full screen mode.

Desktop/tablet users: To choose the stream's video quality, click on the button (while in full screen mode) and choose from 432p or 270p.

Mobile users:The video quality default is to your phone's settings.

Please allow time for buffering. If the stream stalls, refresh your browser. Thanks for watching

Stories You May Be Interested In - Includes Advertiser Stories