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**UPDATE**: Nobody won the big jackpot on Wednesday so now the Powerball is the highest it's ever been at $700 million! The next drawing will be Saturday, January 9th.

The Powerball is currently worth $450 million and is going to be drawn at 10:59 p.m. today. Your chances of winning are one in 290 million but if you do find yourself as the lucky winner these are the four things you should do before collecting your cash prize, according to ABC News.

  1. Sign the back of the ticket - That way no one can steal it and claim THEY won.
  2. Stay Anonymous - Or tell as few people as possible (those that are closest to you)
  3. Hire a money manager (or team) -  Hire an estate planner, financial planner and an accountant before you claim the ticket.
  4. Don't start buying stuff right away - Experts suggest waiting 6 months or even a year before making any purchases.

    According to a 2015 study by the Camelot Group, 44 percent of winners spend their entire winnings within five years."

Good luck!