How to break the jackpot and stay a millionaire.

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Gambling Jackpot

Dreams of wealth drive millions of people around the world to dedicate their lives to climbing up the career ladder or looking for fresh ideas for their own business. Such people know the price of money, and often, having achieved success, abandon the common attributes of luxury life. But sometimes big money falls on a person literally like snow on his head. Lottery winners do not know how to properly dispose of large jackpots, and make many mistakes.

Poor lucky man

Jack was the victim of his own naivety and short-sightedness
Jack was the victim of his own naivety and short-sightedness
  • Name: Jack Whittaker
  • Age: 55 years
  • Country: USA
  • Winning: $315 million
  • What I spent on: expensive gifts to relatives and charity.
  • Life after winning: addicted to alcohol and lost all his money as a result of thefts and ships.

At the end of 2012, the jackpot of the American PowerBall lottery reached $300 million. Newspapers trumpeted about the record winnings, and lottery tickets sold out like hotcakes even by people who had never been lucky enough to play for money before. One such participant was Virginia native Jack Whittaker. He was the one who managed to guess all 6 prize numbers and become the owner of $315 million.

Jack made his first mistake when he found out he’d won the big time. He chose to take all the money at once, which automatically reduced the amount of the prize. According to the rules of the largest U.S. lotteries, multi-millionth jackpots are paid out in equal installments over 30 years, and only then the lucky one can expect to get the full jackpot. In the event of a lump sum payment, interest is calculated and tax deducted. Thus, Whittaker’s winnings were “terrified” up to $112 million. For an ordinary Virginia resident, this amount still seemed incredible, and he literally began to shit money. Gave homes and expensive cars to their relatives and friends, rested at expensive resorts and did not deny himself any entertainment, sent a lot of money to charity. He donated hundreds of thousands of dollars for education of needy children and allocated $5 million for construction of churches in his native state.

Six months later, Jack was robbed for the first time, dragging a half-million-dollar case from the front seat. The police tracked down the kidnappers and returned the money to the lottery winner, but hundreds of crooks found out about the disorderly lifestyle of the lucky bastard. The sad experience has taught Whittaker nothing. Soon, 100 thousand dollars were stolen from the same car, and the new millionaire was dragged to the courts. Women demanded compensation for sexual harassment, men for attacks and threats. Jack started drinking a lot and soon left the family, leaving his wife a solid part of the winnings. In less than two years, he managed to wind up $112 million.

You shouldn’t joke about luck

The lucky ones who ripped off the jackpot are often passionate about gambling.
The lucky ones who ripped off the jackpot are often passionate about gambling.
  • Name: Evelyn Adams
  • Country: USA
  • Winning: $5.4 million
  • What did you spend it on: playing at the casino.
  • Life after winning: lost all the money and lives on social security benefits.

New Yorker Evelyn Adams won big money prizes in the lottery twice: in 1985 and 1986. This happens very rarely, and the woman believed in her exceptionality. She decided that if luck is so favorable to her, the best way to use the received $ 5.4 million – to bet in the casino and increase wealth. That plan proved to be a failure. Quite quickly, Evelyn spent all the money in the casino Atlantic City, and returned to her hometown with nothing. Today she lives in a trailer park for food stamps.

Only necessities… and a horse.

Elaine Thomson has managed to manage her money properly and doesn't regret shopping.
Elaine Thomson has managed to manage her money properly and doesn’t regret shopping.
  • Name: Elaine Thomson.
  • Age: 58 years
  • Country: United Kingdom
  • Winning: £2.7 million
  • What I spent it on: studying for kids, a luxury house and a horse.
  • Life after winning: the balance of the winnings is deposited in the bank and every year it withdraws interest.

But there are as many good stories in the world as there are bad ones. The story of Eileen Thomson is a prime example of restraint. In 1995, she won a huge sum. Most of the money the woman immediately put aside for the education of her children in the best schools, and also bought for her family a luxurious, but small house. The only excess that the winner allowed herself – a real racehorse. The rest of the family put it in the bank to withdraw the annual interest.

Happy numbers and miserable fortunes

Cynthia and Terry never understood whether or not fate favored them.
Cynthia and Terry never understood whether or not fate favored them.
  • Name: Cynthia Jay and Terry Brennan.
  • Country: USA
  • Winnings: $35 million
  • What they spent it on: giving money to their relatives and getting married.
  • Life after winning: Cynthia had an accident and Terry still hopes that she will recover.

Cynthia and Terry considered the day of their acquaintance as the greatest gift of fate, so with special trembling were among the 27. On January 27, 2000, during their trip to Las Vegas, they decided to spend $27 on a casino and… broke the jackpot. The money was immediately a great use – the couple played a magnificent wedding. However, soon fortune turned its back on the newlyweds. Two months later, the woman was in a car accident, lost her sister, and remained paralyzed for life.

Money doesn’t change the essence…

Mike tried to pretend he was special, but it didn't work.
Mike tried to pretend he was special, but it didn’t work.
  • Name: Mike Carroll.
  • Age: 19 years
  • Country: United Kingdom
  • Winning: £9.7 million
  • What I spent on: expensive shopping, drugs, prostitutes.
  • Life after winning: Back to the garbage man’s job.

A typical scavenger from a poor family, Mike Carroll, hit the jackpot in 2002 when he was only 19. After he got rich, the guy declared himself “king of the chow.” That’s what they call themselves in England, teenagers from working families who like to drink and bully. The new millionaire went to all the trouble. He spent crazy sums on drugs and protuberances, bought himself a few houses, two villas in Spain and a couple of expensive cars. It seemed that life would never be the same, but because of its wastefulness soon Mike had to admit bankruptcy. In 2010, there were reports in the press that Carroll was living on unemployment benefits for a while and then returned to work as a garbage man.

“We don’t need anything!”

Allen and Violet were happy to win, but they said they didn't want the money.
Allen and Violet were happy to win, but they said they didn’t want the money.
  • Name: Allen and Violet Large.
  • Country: USA
  • Winnings: $11 million
  • What was it spent on? Donated to charity.
  • Life after winning: the old way of life.

Born in Canada, the Large wives made a huge score in the lottery. They gave almost all the money to organizations in their hometown – churches, fire stations, and the Red Cross. The retirees kept a few hundred thousand for a rainy day and did not change their lifestyle in any way. 75-year-old Allen likes to repeat that he and his wife are enough and everything, and they do not need anything extra.