You Win Some, You Lose Some: Lottery Winners Who Lost Everything

Google “what are the chances of winning the lottery,” and the results might just send you running for the hills. The Huffington Post puts your chances of snagging a winning ticket at one in 175 million and Forbes has urged its readers to not even try playing the lottery.

While your chances of getting struck by lightning may be greater than striking it rich in the lotto, people win big jackpots on a fairly regular basis. But what happens after someone wins the lottery is shocking. The Certified Financial Planner Board of Standards says nearly one-third of lottery winners declare bankruptcy after a big win. Whether it’s $1 million or $100 million, a lot of people are ending up far worse off after they get lucky. These are just a few of those people.

What Would You Do If You Won The Lottery?

We’ve all daydreamed about what we’d do if we won the lottery. Some of us might use our winnings sensibly, while others would live by the you-can’t-take-it-with-you motto. Read on to learn notable times that lottery winners squandered their amazing wins. You won’t believe who spent $28 million in just a few years!