Powerball's jackpot prize is now $875 million—4 things you should do if you win

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Powerball's jackpot prize is now $875 million—4 things you should do if you win
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Powerball's projected jackpot is $875 million — the third-highest ever – ahead of Saturday's draw.

Advertising your good fortune could also bring you unwanted attention from friends and relatives while you're still figuring out what to do with the prize.

There are some states that allow you to remain anonymous even after you claim the prize, but most states will disclose your name when the prize is awarded. In that case, you'll want to work out a plan for what you'll do with the money before the ticket is claimed.Keep your winning ticket in a secure location, preferably in a safety deposit box at your bank, or in a personal safe. Short of that, consider a locked desk drawer or filing cabinet.

It's no small decision: For Powerball, you can choose an upfront cash lump sum that's worth about half the listed jackpot amount, or you can opt for the full jackpot that's paid out as an annuity over 30 years.

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