What to Do With a Winning Lottery Ticket
Take a breath. Before you do anything else, secure the ticket and give yourself time to plan. If the jackpot is soaring (Powerball is currently huge), run your numbers in our Lottery Tax Calculators to see an after-tax estimate—then follow the checklist below.
Immediate Checklist (10 Minutes)
- Preserve the ticket: Place it flat in a clean sleeve (no bending, no heat). Avoid wallets and pockets.
- Photograph both sides: Take clear, well-lit photos; include today’s date on a note in the image.
- Make paper copies: Photocopy both sides and keep the copies separate from the original.
- Store securely: Use a safe place only you control. Consider a small fireproof home safe for short-term protection.
Should I Sign the Ticket?
Often yes—signing claims ownership and deters theft. Use a permanent pen and let ink dry fully. However, in some states signing immediately could complicate claiming via a trust or preserving anonymity.
Find vetted help: Lottery Lawyers & Advisors
Protect, Don’t Damage
- Keep it flat and dry: No wallets, no back pockets, no heat or sunlight. Thermal inks can fade.
- Use rigid storage: Slip the ticket in a clear document protector or top-loader sleeve; then into your safe.
- Separate storage: Keep photocopies and digital photos in different places from the original.
Helpful gear on Amazon:
document protector sleeves
fireproof safes
Don’t Rush the Claim
Most lotteries give you weeks or months to claim (check the back of the ticket and your state’s lottery website). Use this time to:
- Assemble your team: attorney, CPA/tax pro, and fiduciary CFP® (Maintaining Control After a Win).
- Run the numbers: Compare Lump Sum vs Annuity and estimate with our calculators.
- Plan your privacy: Ask about anonymity or claiming via trusts where allowed. Prepare a short “no-details” statement.
Where to Store the Ticket
Best: A bank safe-deposit box or a quality home safe you control. If using home storage, consider a fire- and water-resistant safe. Avoid leaving the ticket in a car, office desk, or shared spaces.
Next Up
- Read: Maintaining Control After Winning the Lottery
- Decide: Lump Sum vs Annuity
- Estimate: Lottery Tax Calculators
Responsible play: Information only; not legal, tax, or investment advice. 18+ (or 21+ where applicable). Call 1-800-GAMBLER. In NY, call 1-877-8-HOPENY (467-369) or text HOPENY (467369).