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Lottery 10 February 2016

Steps To Take If You Win A Big Lotto Bet

So What Happens When You Win The Lottery?

You've dreamed of this moment for years but now it's finally happened – you won! But now what? What's the next step? What do you do, who do you tell? How do you collect? All these questions can be summed up in one big question – what happens when you win the lottery?

What Happens When I Win The Lottery?

For the sake of this article we're going to make a huge assumption – that you've beaten overwhelming odds and won a fortune on the lottery. What comes next, however, is as daunting as it is exciting. And, as with any important decision, you need to think carefully about the choices you make.

Of course the specific steps you take will vary, depending on whether you've played the lottery the traditional way, by purchasing a ticket, or if you've opted to bet on the results here at Lottoland.

Whichever way you do it, however, the same careful consideration will need to be taken to ensure you do right by yourself and your loved ones.

Now this is hardly a new topic, we've written about this before in our article on what to do when you win the lottery. Though this was more about advice on things you should do, rather than the things that simply happen.

This time around we're going to outline the actual occurance itself and, as expected, the first phase is...

Shock

The first thing that you'll experience is shock – shock of a magnitude you have never felt before. You will be the centre of a swift and powerful emotional implosion – all emotions hitting you at once. Shock comes first, then joy, but also nerves and fear, a sense of the unknown, and sadness, mixed in for no apparent reason. We're human, we're weird like that. Suffice to say the whole thing can be quite overwhelming, to say the least, but you'll cope with it and soon move onto the next phase.

Verification

Now that the emotions have passed it's time to channel your inner Spock – it's time to check and double-check to make sure you've got the numbers correct and they correspond to the draw before coming forward.

This is all done automatically at Lottoland. Smaller prizes will be credit to your account straight away, whereas for large prizes we'll contact you by phone to congratulate you and speak to you about your win and what arrangements are to be made.

We will also discuss how you wish to claim your prize. At Lottoland we respect your right to privacy, and if you wish to claim anonymously your payment and other arrangements will be made accordingly.

That said we do like to invite all our large winners to celebrate with us, at an official ceremony. As a jackpot winner you will also be congratulated, in person, by our VIP team.

 
 
 
£45 million
 
 
 
 
 
 

Arrangements

Now it's time to make arrangements and plan your new future. Again we recommend you look in detail at our article on this subject which outlines all the steps you ought to take – finding advisors on financial and legal issues, plus other important matters you will need to attend to.

We recommend you do this first, before making any large announcements. And of course, after your big win, the first arrangements you might want to make are travel arrangements – nothing like a well-deserved holiday first, and a rest, so you can clear your head and make plans for your future all in your own good time.

The Rest Is Up To You!

From here in on, of course, it's all up to you. As you've no doubt noticed we write a lot about lottery wins, and winners, from around the world. We also feature regular stories about winners who win equally large prizes by betting on the results here at Lottoland. 

Well now it's your turn. It's time to write your story! Nobody else can write this – it can be as public or as private as you wish, because it's your story to tell how you please.

The first chapter begins by picking numbers!

N
by Niall
Niall


Your next chances to become a millionaire:
KeNow £1 million
Millionaire GO! £45 million
Keno 24/7 £10 million
Austrian Lotto £3.8 million

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Lottoland and this website is operated by EU Lotto Ltd (company number 109514 and registered address Suite A, Ocean Village Promenade, Ocean Village, Gibraltar GX11 1AA) which is licensed and regulated by the Gambling Commission for customers in Great Britain under account number 38991.

Lottoland is not an official lottery operator. Instead, Lottoland allows Customers to make bets on different lotteries and, if a Customer wins a bet, then they will be paid directly by Lottoland and not an official lottery operator.

All jackpots are estimates and subject to currency fluctuations. Tier 1 winning bets on the US Powerball and US MegaMillions are paid out as 30 year annuity or discounted lump sum at Lottoland’s election, and Tiers 1 – 3 are also subject to 38% reduction as per T&Cs . Tiers 1 - 3 for winning bets on SuperEnalotto are subject to 20% reduction as per T&Cs.

Lottoland is committed to supporting Safer Gambling. Underage gambling is an offence.

What Happens When You Win The Lottery? Lottery Winners FAQ - Lottoland UK

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Prize Tier Information

PowerBall & MegaMillions
Tiers 1-3 are subject to 38% reduction as per T&Cs. Tier 1 winning bets are paid out as a 30 year annuity or discounted lump sum at Lottoland's election.

Payout Information

US Power & US Millions
Tier 1 winning bets are paid out as a 30 year annuity or discounted lump sum at the player's election.

Prize Tier Information

SuperEnalotto

Tiers 1-3 for winning bets are subject to 20% reduction as per T&C's.


Prize pool breakdown

El gordo (Christmas Lotto)

The total Christmas Lotto prize pool, that is to say the total cash up for grabs for all prizes, across its 193 series comes to £2.3 billion*.


When you bet with Lottoland, you’re in with a chance for:


First Prize: £3.5 million*

Second Prize: £1 million*

Third Prize: £0.4 million*


And additional 15,000+ prizes!


When you Double Your Jackpot for the Christmas Lotto, winning bets DOUBLE for not just one, not just two, but the THREE highest prizes!

*subject to currency fluctuations


Prize pool breakdown

El Gordo de Verano

El Gordo de Verano features a prize pool of €120m (approx. £103m*), that is to say, the total cash up for grabs for all prizes.


When you bet with Lottoland, you’re in with a chance for:


First Prize: £1,77 million*

Second Prize: £530,000*

Third Prize: £177,000*


And a host of additional prizes up for grabs!


*subject to currency fluctuations


Prize Tier Information

Keno 24/7
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £3,or bet up to £10 on ten numbers for a maximum prize of £10 million.

Prize Tier Information

Kenow
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £1.50,or bet up to £10 on ten numbers for a maximum prize of £1 million.

Prize Tier Information

Multi Keno
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £0.84,or bet up to £10 on ten numbers for a maximum prize of £430,000*

(*subject to currency fluctuations).

Prize Tier Information

German Keno
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on TWO numbers for a maximum prize of £5.37,or bet up to £10.75 on ten numbers for a maximum prize of £830,000

(subject to currency fluctuations).

Prize pool breakdown

El Niño


First prize is €2,000,000 (approx. £1,800,000*),

2nd prize is €750,000 (approx. £680,000*)

3rd prize is €250,000 (approx. £230,000*).


If that wasn’t enough, there are another 37,000 awards up for grabs. That gives you a great 1-in-3 chance of landing a prize.


*subject to fluctuations