Lotto winners who frittered away their lottery winnings
Winning the lottery is the dream of any lottery player. In fact, most lottery players immediately start planning for what they will do with their lottery winnings immediately after the purchase of the lottery tickets. There are lottery winners who were lucky enough to win millions of dollars in lottery money but later squandered away their winning in lavish lifestyles.
The following are such lottery winners.
Michael Carroll: Garbage Man to Millionaire then to Garbage Man
Michal Carroll is the classic example, how winning the lottery jackpot can make your life more miserable. Michael got lucky and took home $15 million worth of lottery winnings. Before winning the jackpot he was a garbage man making roughly £45 a week and now four years after the winning he jackpot he is unemployed and desperate to have his old job back.
Surprisingly, Michael Carroll prefers living by his peanut earning compared to the million dollar lifestyle he was accustomed to.
Evelyn Adams: Gambled away 5.4 Million dollars worth of lottery winnings
Gambling is a very destructive habit. Winning the lottery does not necessarily mean that whatever you will bet on in the future will lead to high returns. Evelyn Adams learnt this lesson the hard way. Lady luck smiled on her not once but twice and she took home an accumulative total of 5.4 Million dollars in lottery winnings.
She was an avid gambler and she chose to ‘invest’ her winning in the Atlantic City Casinos. Her ‘investment’ never leads to any returns and she went from millionaire status to a resident of a trailer park. Her comment to her life story was ‘winning the lottery is over rated’
William ‘Bud’: From Millionaire to living disability checks
This is a sad story of how winning the lottery can lead to hopelessness. William ‘Bud’ won $16.8 million in the Pennsylvania lottery and this lead to nothing but misery. His brother tried hiring a hit man to kill him and his wife blackmailed him to give him one third of this lottery winnings. These events culminated to him living off a $450 per month disability check by the time of his death.
