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What to Do If You Win $1 Billion – Lottery Lawyer Explains | Kurt Panouses

Timothy Schultz

1,846,942 views

What should you do if you win a $1 billion lottery jackpot?

Powerball winner and podcaster Timothy Schultz interviews top lottery lawyer Kurt Panouses, who has represented winners of hundreds of millions — including the historic $1.05 billion Mega Millions jackpot.

Kurt shares the biggest mistakes jackpot winners make, the legal and financial steps you need to know, and behind-the-scenes stories from his decades of experience. Whether you dream of winning or want to understand what really happens after a billion-dollar Powerball or Mega Millions jackpot, this interview has the answers.

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Website: https://www.lotterylawyercpa.com/
TikTok: TikTok: lotteryattorneycpa

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▶️ What the Lottery Investigator Knows That You Don’t: What the Lottery Investigator Knows That Y...

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Lottery Experts and Advisors

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Dreams & Fortune — Full Interviews

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🎼 Ending Music Credit: Panorama / Triple Scoop Music via iStock.com

Timestamps:
0:00 Meet Lottery Lawyer Kurt Panouses
0:21 Claim vs. Plan | Advice Most Winners Ignore
5:01 Can You Claim Lottery Winnings Anonymously?
7:30 Representing Billion-Dollar Jackpot Winners
11:09 How to Tell Family You Won & Handle Taxes
16:26 Cash or Annuity? Choosing Wisely
22:02 How Lottery Winners React After Winning Millions
23:10 Lost, Stolen, or Damaged Tickets Explained
34:43 Scratch-Off Tickets | What Players Don’t Realize
37:04 Where & How to Secure a Winning Ticket
38:05 Taxes & Investments | Deductions, Lump Sum vs. Annuity
45:43 Inspiring Stories of Lottery Winners Giving Back
49:33 How Winners Handle Money Requests & Staying Anonymous
54:58 How Life Changes After Winning the Lottery
57:36 How to Contact Lottery Lawyer Kurt Panouses
1:01:57 Claiming a Jackpot Worth Hundreds of Millions
1:03:51 Final Lottery Advice + Good Luck
1:06:57 Watch Next | Lottery Security Whistleblower Interview

If you play the lottery, always play responsibly and never spend more than you can afford to lose.

#lottery #lotto #lotterywinner #powerball #megamillions

20 Comments

@TimothySchultz Creator 1 year ago Pinned

What would YOU do if you won $1 BILLION?
Kurt Panouses has represented winners of some of the biggest jackpots in history. His advice could save you from costly mistakes.

Next up: Reid Galbreath — Lottery Security Whistleblower Reveals Secrets: https://youtu.be/-sK3uJDq_8g

Subscribe for more real lottery winner stories & expert interviews: https://bit.ly/2SwFecc

@chipricks-mc7eq 9 months ago

If I win. My #1 rule is if I haven’t talk to you in 6 months then I’m not talking to you after

@jayviveiros5745 1 year ago

Not me sitting here intently watching this video like its about to apply to me lol

@paulhodge9134 1 year ago

Watching this while it’s 2 in the morning when I have to get up at 6 for my paycheck to paycheck job 🤣🤣

@Lollmfao-m5x 1 year ago

Winners should be allowed to be anonymous in any state, etc.

@Martinko_Pcik 1 year ago

Wow. 400k viewers planning to win a lottery. Good luck to all 👍

@wishfulthinker9350 1 year ago

When I won $4, I only told two people. I didn't want people to treat me any differently. You know, money can change people. I wanted to quit my job but I needed an extra two bucks to buy the drink to go with my burger and fries. 😂

@angelisa368 1 year ago

That 40% gift tax is ludicrous!! After all the income tax hit. The same money should not be taxed so many times!!!!

@1wide9111 1 year ago

It not just a zero or two, The difference between a million and a billion is vast. One million seconds is 11 days, one billion seconds is 32 years to put it into a better perspective.

@marcycooper6151 9 months ago

I always scan tickets before throwing them away.

@jamesomahoney2181 1 year ago

Happy story: old man living in a shed in my friends abandoned house... hit 5 g's a month for life, not much in tri-state area.. but he went to rehab for alcohol and moved down south where 5 gives you a home and a life... he escaped his bad friends and there "we" one b.s.

@DarrellEarwood 1 year ago

Someone out there needs this advice. It would be awesome if it was a member of this channel . I can imagine using Kurt myself. Thanks again Timothy

@daricefisher 1 year ago

My elderly mom once won a small jackpot ($50K prize, she was one of 2 winners that day) She happened to be close friends with the owner of the shop where she purchased the ticket. In fact, he was the one who called her to let her know that she won. He recognized her numbers because she always played the same ones. Even though it was a small prize, I remember the feeling when we went to his shop to discuss next steps. I had this weird fear that people in the parking lot and in his shop were going to somehow hurt my mom because she was carrying the ticket. Not sure what i was afraid of exactly (being robbed? befriending her to steal from her? i don't know). But i was so uncomfortable being out in public with her holding that little piece of paper. I can't imagine what it would have felt like if it had been a large prize. She still plays occasionally and I love watching these kinds of interviews because it makes me feel like I'd be more prepared if she ever were to win a big one :-)

@IResonateWithU 1 year ago

Hoping I need to hire Kurt , I literally imagine calling him up to make an appointment 😂

@samme1024 1 year ago

A lady who works at my local grocery store told me someone bought a whole book of scratch tickets costing $1-2k. He thought for sure he'd be guaranteed to win and at least earn his money back.
He only won $50! 😮

@sudan01cs 1 year ago

The first thing you do is go to a lawyer and a state lawyer and set up a living trust for your winnings. Next you talk to a financial planner. Take his advice. The most money you can put in a bank is 250,000. You can do that set up a high-yield savings account because why not make a little money from the 250 you’re putting in the bank get a debit card and leave the rest of the money in the trust for now. Now you’re sad. No one can swindle you out of your money. You can pre-pay your taxes. You only pay interest on the money in the trust. You don’t pay it multiple times just on capital gains. Don’t go crazy and buy fancy houses and cars take on new friends that are in it for the money. Stick with your existing friends and keep quiet. You’ll be happier that way. You can help out family and friends, but don’t tell them why you have extra money. They don’t need to know. Now go out and do some good. Enjoy your life.

@bstewartexecutivecarcare3797 1 year ago

Great time to put this video out the day before the drawing of a 1 billion power ball 👍

@antboesd6889 1 year ago

I love listening to this lawyer. After I win this PowerBall. I will be calling him first.

@LeMerch 1 year ago

I won $68m a number of years ago and it was heavily taxed, and then getting it into a bank, and having people in the bank contact outsiders who start contacting me with questions and proposals constantly.. life changes immediately and so many weird things start happening fast