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How Do You Go About Claiming a Major Lottery Win?
Author: Neha Agrawal
How do you go about
claiming a lottery win
? Well, of course, it depends greatly on what lottery you are playing and where you are playing it. But, as a general rule, there is a specific method that is most commonly adopted by all lotteries for people seeking to claim their winnings.
First, you need to know how much your win is worth, or at least have an inkling of an idea. Winnings that are generally less than five hundred pounds can be claimed at the shop, kiosk, or news agent where you bought the ticket. Simply fill out the information on the back, take your
back to where you bought it and they should be willing to pay you on the spot.
If not, or if your winnings are over five hundred pounds, but under five thousand pounds; you can call the nearest lottery centre. These
will then ask for your bank information and confirmation of your win, they may also ask you to drop by their nearest branch to hand in your ticket. Any winnings you have accumulated will then be sent to you via transfer to your current bank account.
Should you win over five thousand pounds, and rather obviously, up to the
maximum lottery jackpot
, which can range into the hundred million pound mark, you have absolutely no choice but to contact the lottery headquarters. The people from lottery headquarters will then arrive at your home with a massive cheque for you and ask you if you wish to go public with your win.
Massive lottery winnings are then either paid in installments or one big lump sum, depending on how your lottery works, for each one varies. Most lotteries in Europe pay in one big lump sum, while
lotteries in America
tend to pay out in monthly installments. Although, it is not uncommon for the bigger American lotteries to pay out one lump sum if the player requests it.
But what about
online lottery winnings
? Again if they are small enough in size, the site where you purchased the ticket will send a bank transfer to your account on the site, and from there you can withdraw your winnings to your personal bank account.
If it is massive amount of money, you will again have to get in touch with the lottery headquarters, although they will almost certainly know of your win through the site. Your massive winnings will then follow the same procedure as the large winnings described above.