Most people wish for major lottery winnings such as the Euro Jackpot prize. It’s human nature to want the millions of cash prizes on offer. However, what many people don’t realize is that money can be lost so easily if you don’t have a plan.
Is it possible to lose all the lottery money?
Yes, it is possible to lose all the money, including a major jackpot prize that is on offer at Eurojackpot, the 90 million euros. It has happened in the past and it can happen again if you don’t take the precautions required. This is why LottoPark provides you with amazing tips about spending your lottery winnings.
Have you ever heard of the stories of lottery winners who lost it all? These stories are quite heartbreaking but worth reading to prepare and guide you on proper usage of the cash prizes won on a lottery. However, the stories should not deter you from playing the lottery, you should play Eurojackpot online today and stand a chance to win the millions and then use the tips offered by LottoPark about using the money wisely.
List of Lottery Winners Who Lost It All
Here are the top 5 lottery winners who won huge cash prizes and ended up losing it all.
- Jack Whittaker – $113 Million
On the Christmas day of 2002, Jack Whittaker won the Powerball jackpot prize of $113 million. Just like many other lottery winners, he opted to walk home with a lump sum payment, foregoing the annuity option.
With over 100 million dollars in his account, Jack Whittaker become a sudden philanthropist. He participated in many charity events, even setting up his foundation. He also donated lots of money to the poor and local churches. However, he wasn’t mindful of his expenditure and became excessively careless, losing a lot of money, pretty fast. He lost all his money and blamed it on his inherent greed after winning the jackpot.
- Curtis Sharp – $5 Million
Before winning $5 million, Curtis Sharp was a dishwasher who never dreamt of having such a huge amount under his name. After winning the money, he changed his lifestyle suddenly became overly expensive. He bought everything and even married a new wife in a colorful and expensive wedding ceremony. He could not sustain his lifestyle and ended up losing all the money he got.
His winning story was a perfect example that anyone can win a huge lottery prize. So, if you want to win some amazing money – check the list of the best lotteries online and select at least one for yourself. Play at LottoPark and win today! You could become like Curtis Sharp, but with a different way of spending the money.
- David Lee Edwards – $27 Million
After winning the jackpot prize of $27 million, David Lee and his wife started spending the money at an alarming rate. In their first three months of winning, the couple had spent $3 million in high-end cars and mansions.
Five years after winning, they had squandered everything and got themselves into drug addiction.
- Mickey Carrol – $11.8 Million
The 19-year-old Mickey Carrol was the surprise winner of an $11.8 million jackpot prize in Britain. With no idea of what to do with the money, he started spending his fortune at an astonishing speed. Much of the money he won went to parties and drug-related pursuits. The rest went to buy high-end cars, jewelry, and other expensive items. He blew off his money so fast, ending up as a worker in a slaughterhouse.
- William Post – $16.2 Million
Despite winning $16.2 million, William Post died a broke man. He won his money in 1988 and used it all in less than a year. By the end of the first year of his winning, he was already in debt of $1 million. Lavish spending is to blame for his fast dwindling of his fortunes.
Can You Avoid Losing Your Lottery Money?
Yes, you can avoid losing the lottery money you’ve won. Visit LottoPark.com and learn practical ways of spending your lottery winnings.
Attention! It is also worth reading our article about Eurojackpot. You can win a lot of money thanks to Eurojackpot and LottoPark! Be careful not to copy the mistakes done by the lottery winners mentioned above.
