Got a minute?
Got a minute?
Monday seems like the perfect time to do some daydreaming about winning the lottery. However, as this Casino.org infographic reveals, it isn't quite the life-changing event one might expect.
An astounding 44 percent of lottery winners will have spent their newly found fortune within the first five years. Multimillion-dollar winner Michael Carroll was broke, living back in his old house and working as a garbage man eight years later. He spent his fortune on cars, women and drugs. He is said to be "glad it's over."
That doesn't mean the lottery is a curse for everyone. Winner Brad Duke did it right. He took home an $85 million lump sum and today, he is worth $130 million. How did he do it? $45,000,000 went to safe, low-risk investments. He also created a foundation, paid off his debt and drives a used VW Jetta worth $14,500.
Check out the infographic below for more insights on the lottery's biggest winning losers.
We want to hear from you! Do you think that winning the lottery would change your life for the better or for the worse? Share your thoughts on Twitter or in the comments!
More From PayScale
Learn to Keep Your Clients Happy From the Restaurant Industry
Learn How To Get More Retweets [infographic]
Thanks! We'll send you a welcome newsletter as soon as we can.
In the meantime, check out our research center.
Looks like your email already exists in our database.
Please log in here.
You are already logged in.