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Fortune
Fortune
Alicia Adamczyk

The 3 big mistakes financial advisors say that the $1.2 billion Powerball winner should never make

The Powerball lottery has reached the 1 billion mark with an estimated $1.04 billion jackpot, for the next drawing on Monday night after no grand prize winner in Saturday's drawing. (Credit: Francine Orr—Los Angeles Times/Getty Images)

The Powerball jackpot has once again surpassed the 10-figure mark—that’s the third billion-dollar lottery prize this year—promising potential winners riches beyond their wildest imagination. And while that kind of prize can help winners fulfill many dreams, there are a few grounding rules they should follow.

The $1.2 billion Powerball jackpot comes just after one ticket holder in California won a $1.08 billion prize in July, and a single winner was drawn for the $1.6 billion Mega Millions pot in August.

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