Five friends from Yonkers pooled their money together in September of 2015 to purchase Mega Millions lottery tickets, and each of them ended up with over $25 Million each! Although these windfalls will undoubtedly change their lives forever, winners should keep certain things in mind before spending their winnings.

Before depositing their check, lotto winners need to decide where they’d like their funds deposited. A typical bank may suffice; there may also be specialty accounts specifically created for lotto winners that allow them to avoid unnecessary taxes and fees while protecting themselves against spending all of it too quickly.

Assembling an emergency fund is also critical to making sure the winner can pay bills and respond to emergencies when needed. Furthermore, this money could also be used to pay off debt or invest in investments with increased value over time for greater returns – helping ensure their winnings don’t disappear too soon!

Another excellent investment option would be investing the money in a business. Doing this will allow the winner to see an immediate return on their initial investment while helping others at the same time, plus teaching them how to run and manage a profitable enterprise on their own.

Are You Feeling Confused by How to Spend Your Winnings? One great option for those unsure what they should do with their winnings is investing them in business ventures – however if this option is taken, make sure it is properly registered as this will protect against scams and fraudulent activity.