Why Lotto Winner Takes Time To Claim Their Rewards, What's The Point?

[Baofeng]

Here in our country, if you hit the jackpot, you are given one year to claim your rewards. There is also a security feature on the back of the lotto ticket where you can write your name and sign it, so you are the only person who can claim the jackpot prize, and you have a year to claim it.

I read that some lottery winners take weeks or even months to claim their rewards, but what's the point?

What if you keep it and will surprise your family after a month, but you have an accident and you get into a coma?

Or you let it know to your family, but you decide that you will claim it after a month but some members of the family spread the news will this put your family and yourself in jeopardy

Do you think it's a good idea to claim your winnings a day after hitting the jackpot or wait a few weeks?

How about you? When do you think is the right time to claim your winnings?

I can only think of several reasons why lotto winners delay their claims.

1. they don't want to create a stir in their neighborhood. We all know that there are a lot of free loaders, or suddenly a long lost relative of yours suddenly resurfaces and wanted a piece of that winnings or at least give them free money

2. stay low profile but make the necessary adjustment so that when you suddenly disappear no one will suspect that you have won the lottery

[Assface16678]

Here in our country, if you hit the jackpot, you are given one year to claim your rewards. There is also a security feature on the back of the lotto ticket where you can write your name and sign it, so you are the only person who can claim the jackpot prize, and you have a year to claim it.

I read that some lottery winners take weeks or even months to claim their rewards, but what's the point?

What if you keep it and will surprise your family after a month, but you have an accident and you get into a coma?

Or you let it know to your family, but you decide that you will claim it after a month but some members of the family spread the news will this put your family and yourself in jeopardy

Do you think it's a good idea to claim your winnings a day after hitting the jackpot or wait a few weeks?

How about you? When do you think is the right time to claim your winnings?

I can only think of several reasons why lotto winners delay their claims.

1. they don't want to create a stir in their neighborhood. We all know that there are a lot of free loaders, or suddenly a long lost relative of yours suddenly resurfaces and wanted a piece of that winnings or at least give them free money

2. stay low profile but make the necessary adjustment so that when you suddenly disappear no one will suspect that you have won the lottery

Well, that's mostly the case, winners will of course want to make themselves safe, its becauss if they make any sudden movement and quickly claim the price then people with malicious intents will wait for the winner to claim the price and we never know what might happen next, so its better to pick a right timing when to claim the price, a winner should be more cautios because the bad guys might be one of the authorities in the lotto that is blinded by the money, even I will take some time before I will claim my price I will make the news laylow first then claim it and of course be in lowkey so no one will know I win a lottery, but yeah it will be a dream for now. In conclusion its better to take time before claiming the price but of course dont take it for too long because there may be a downside of it also.

[aioc]

I will claim it right away and put it in the bank and do my planning later I can wait for 2 days but more than that is not good it is preferable to plan everything when the money is already in your hands, some people aren't ready to become multi-millionaire because they will be living a new life. a full life of uncertainties because of financial illiteracy.
This is why they took time to claim the price but they will have to decide fast because they will have a big regret in life in case something happens with the winner or the ticket.

[coin-investor]

@everyone

I did not this article right away when I created this discussion and waited for members' opinions some opinions are somewhat similar to what this guy did back in 2010 It is understandable because the jackpot is very huge but will you go to the extent of doing a stake out in the lottery office and wait for three months to get the price, have you not think of the risks.

Based on the article two winners did a stakeout already.

https://www.philstar.com/headlines/2010/12/05/635982/grand-lotto-winner-faces-tough-security-check

[wheelz1200]

Haven't read through each one of the responses but most of the times if it's a huge amount people usually like to get finaixlcial advisors and lawyers to draw up a plan.  There's tons of pitfalls and tax hits involved when you win so much money.  It's not a bad thing but something that you need a solid plan so you don't screw yourself.  I'd do the same thing and wait until I got an exact plan of what I'm going to do with that windfall.