If you’re wondering how many people win the lottery each year, you’ve come to the right place. Almost 70 percent of lottery winners go broke within five years of winning the jackpot. While the odds of you going bankrupt are low, it’s important to understand what happens to lottery winners who win large amounts. Among the most common reasons for bankruptcy is that the money won was not spent wisely or invested well.
When someone wins a lot of money, they naturally want to share it with family and friends. Unfortunately, this can lead to guilt-tripping and empty wallets. During these times, lottery winners must make tough choices. Some people will go after their closest friends and family, and demand more than they should. Guilt-tripping can quickly deplete the funds. Fortunately, it doesn’t have to happen.
A recent example of a tragic outcome involving a lottery winner is the tragic case of Keith Gough, who died two years after winning $11 million in the British lottery. His wife had a secret affair with him, and the couple spent the money lavishly. Unfortunately, one of them ended up killing themselves two years later. There was no way to determine who killed him or why he committed suicide. However, the mystery surrounding the death of this lottery winner is far from over.
In addition to giving away millions of dollars, 3,000 British lottery winners have reportedly spent their money on vacations. In addition, they bought more than 17,000 new cars. In Florida, 70% of lottery winners spent their jackpot within five years. Those lucky ones are not letting the lottery ruin their lives. But they still believe that winning the lottery can change their lives. If they do, they’ll continue to exercise, eat well, and stay away from smoking.