What Not to Do If You Win a Multimillion Dollar Jackpot

What Not to Do If You Win a Multimillion Dollar Jackpot

December 17, 2015.

We’ve seen hundreds of players win millions at online casinos over the years. And they all have one thing in common: they never expected it! So before you go hunting for that elusive jackpot, make sure you know what NOT to do if millions fall into your hands.

1) DON’T blab about your windfall


What’s the first thing you want to do after you win big? Scream, jump, and yell hallelujah. Then you’ll be tempted to share your fortune.

Our advice? Keep it to yourself – at least until you’ve put some thought into it.

If you start broadcasting that you’re millions richer to everyone you know, nothing good can come of it. So-called “fr­ien­ds” and long-lost relatives are probably going to come out of the woodwork asking for some cash. The money could make things a little tense between you and your family.

Plus, you never know how far word will spread. And no one wants to be a target for a burglary!

2) DON’T trust an amateur (even yourself) to handle it


When you’ve got millions to work with, the last thing you’ll want to do is mismanage it. This is what accountants are for. So don’t call up a friend to handle your funds or do it alone: trust someone with the right knowledge to help you with taxes, investments, and all the things that come with a sudden increase in your net worth.

3) DON’T write off your budget


A big jackpot is nice, but it’s not a replacement for your income. So don’t base your spending habits on your windfall. It’s okay to treat yourself to something, but don’t go crazy. The best way to get the most out of your win is to keep yourself to the same budget you had before your win.

4) DON’T focus on what you want to buy

Gold jewellery

It might be tempting to blow your cash on a new car, home improvements, and gifts for your loved ones. But keep those urges under control. Managed right, a big jackpot can be the gateway into true financial independence. So start by paying off your debts and setting up a proper investment scheme – with the help of a qualified professional, of course.

5) DON’T become a human ATM


Even if you keep news of your win to your closest family and friends, there still might be a little tension. It’s important to stay firm. The best way to do this? Decide what you want to give them before you tell them about your jackpot. Establish that you don’t want your relationship to change and need the money to secure your own financial future.

6) DON’T alter your lifestyle dramatically

Houses and cars

You might be tempted to make a big change with your cash. But the truth is, it will probably do more harm than good. It’ll establish poor spending habits and may take you away from the people and places you love. Consider the cash a tool for improving your life, not for completely redoing it.

7) DON’T lose sight of who you are

Posh person

You know what they say: money doesn’t buy happiness. No matter how much you win, the best things in life are always going to be free. The money itself won’t make your life more fulfilling: it’s all about what you do with it. Keep it real, and don’t forget that the people who are most important will always be there no matter how much you have in the bank.

Being prepared for fortune

The only thing better than a jackpot is a jackpot used responsibly. It’s unfortunate, but there are plenty of examples of big winners whose lives were ruined because of the cash. Don’t become one of them. Keep yourself grounded, know who your real friends are, and focus on what’s really important.

Now that you know what not to do if you win big, all that’s left for you to do is win a jackpot. Good luck on Mega Moolah, Mega Fortune, or whatever other game you decide to play!