When you win a lottery jackpot, your life is going to change in many ways. You’ll find that people will treat you differently, and your family will be especially happy about the extra money. You’ll also have the chance to give back to those you love. But what is the secret to winning a lotto jackpot? Is it luck or a combination of proven lottery strategies?

Typically, when a lottery winner wins a prize of more than $95 million, they’re given the option to receive their prize as an annuity or a lump sum. On average, more than 90% of winners choose a lump sum payment. However, if they choose the annuity option they’d receive about twice as much, paid out in 30 graduated payments over 29 years with an interest rate of 5%.

If you do opt for the annuity, it’s recommended that you seek financial advice from a reputable professional, even if they’re charging by the hour. This will ensure that you fully understand the tax or other legal implications of your prize.

It’s also a good idea to limit contact with those who don’t have your best interests in mind, especially in the early stages of the windfall. It’s virtually guaranteed that you’ll be approached by distant cousins, long-lost friends and college roommates, not to mention investment advisers and lawyers with questionable ethical moorings. So be prepared to come up with a ready-made excuse when people try to pressure you or use threats.