"Financial Expert's Advice: How to Safeguard and Enjoy Your Lottery Jackpot"

A single ticket sold in California has won the $1.08 billion Powerball jackpot, making it the third largest Powerball jackpot and sixth largest U.S lottery jackpot ever. Winners are advised to keep their win quiet, as scammers and financial planners will likely target them. It is recommended to get a tax attorney, tax accountant, and financial advisor to create a plan. Winners can choose between an annuitized prize or a lump sum cash payment, but should consider taking the winnings in installments to learn investment lessons over time. Taxes on the winnings will depend on the winner's residency and where the ticket was purchased. Claim periods vary by jurisdiction, but winners should check with the lottery in their state for the applicable claim period.