Man Who Won $1 Million On A Scratch-Off Lottery Ticket Explains

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An estimated one third of lottery winners later go bankrupt Even those people who won the lottery who manage their finances effectively can find they lose

Won $1 million in the Michigan lottery He moved to California, and invested in a car business with his brothers Five years later, he was bankrupt and back Here, myths abound; the National Endowment for Financial Education is often cited as the source for a claim that 70 per cent of lottery winners

d2h login It's a sad truth that many Lotto winners are broke just years after winning big  £9m lottery winner 'almost broke' BBC News 13 July 2006 Retrieved 21 Lottery 'n Go Retrieved 7 January 2021 ^ Lotto winner Michael Carroll