What to Do if You Win the $100M Powerball Jackpot Tonight

Winning the $100 million Powerball jackpot is the stuff of dreams. The thought of having that kind of wealth at your fingertips is exhilarating—and maybe a little overwhelming. But as countless winners will tell you, the thrill of a life-changing windfall can quickly turn into stress if you don’t have a plan.

In fact, one past lotto winner offered this golden piece of advice:

"Run—don’t walk—to see a financial adviser."

So, what should you do if you’re holding that lucky ticket? Here’s our expert guide for Powerball winners, designed to help you navigate your new reality with confidence and clarity.

1. Don’t Tell Anyone (Yet)

Winning $100 million is bound to draw attention, but your first step is to stay as discreet as possible. As tempting as it might be to shout it from the rooftops, keeping your win private can protect you from unwanted requests, scams, and pressures from friends or family.

A sudden upgrade in lifestyle—like buying a multi-million-dollar home or jet-setting around the world—will eventually tip people off. Until then, take your time to establish boundaries and decide who you want to share the news with.

2. Take a Breather

Emotions will be running high after a win of this magnitude. Excitement, anxiety, and even guilt can cloud your judgment. Resist the urge to make snap decisions.

You have time—about two weeks—before your winnings are even paid out. Use this provisional period to process your emotions, seek advice, and start planning.

3. Assemble Your Dream Team

Your financial windfall requires expert guidance. The right team will include:

A Financial Planner: Newcastle Advisors will help you create a comprehensive plan to protect and grow your wealth while ensuring you can live the life you envision.
A Tax Accountant: While lottery winnings in Australia are tax-free, the income from investments isn’t. A tax accountant will ensure you stay compliant and minimise liabilities.
A Lawyer: Protecting your assets and setting up trusts for your family or charitable giving is essential to preserving your wealth.
It is important your dream team are on the same page and are working together for you. This is where Newcastle Advisors can support with becoming the project manager bringing your team together for your common goals.

4. Plan for Your Future

Winning the Powerball gives you an opportunity to design the life you’ve always dreamed of. Here’s how to make the most of it:

Invest Wisely

Let your money work for you. Investing a portion of your winnings can provide a steady income for life. For example, $50 million invested at an average return of 7% per year could generate $3.5 million annually.

Protect Your Wealth

Life changes rapidly after a big win. Establish trusts, review your will, and consider asset protection strategies to safeguard your money from legal disputes, divorces, or poor decisions.

Give Thoughtfully

Many winners choose to share their good fortune by supporting causes close to their hearts. Setting up a foundation can ensure your charitable contributions make a lasting impact.

Provide for Loved Ones

Consider creating a legacy plan for your family to enjoy financial security for generations. This might include funding education, buying homes, or setting up inheritance trusts.

5. Dream Big, but Stay Grounded

Financial freedom is about more than money—it’s about living life on your terms. Ask yourself:

What will give me purpose and fulfillment?
How can I balance enjoying my wealth with securing my future?

From ticking items off your bucket list to spending quality time with loved ones, take time to reflect on what truly matters.

6. Beware the Pitfalls

It’s easy to get swept up in the excitement of a Powerball win, but here are some common mistakes to avoid:

Overspending: Even $100 million can disappear quickly without a plan.
Emotional Decisions: Avoid committing to major purchases or handouts while emotions are running high.
Neglecting Professional Advice: Managing significant wealth is complex; don’t go it alone.

7. Enjoy the Freedom

Financial freedom means waking up without an alarm, traveling anywhere, and spending time with the people you love—all without worrying about money. But it also comes with responsibility. By working with experts, you can enjoy your newfound wealth without the stress.

Winning the Powerball is a life-changing event, but it’s just the beginning of a new journey. At Newcastle Advisors, our experienced financial planners specialize in guiding people through transformative moments like this. If you’ve hit the jackpot (or just want to prepare for your own financial success), we’re here to help.

Ready to plan your dream life? Contact us today to start building your future.

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