How lottery winners spend their money
Lottery winners: What separates the ones who live happily ever after from the ones who, five years later, wind up drunk, broke, in jail or hounded by the IRS?
Stephen Danish knows. In fact, the Virginia Commonwealth University professor of psychology is such an expert on the subject that the Virginia Lottery has hired him to counsel winners. Asked how many winners he has helped, he puts the number is in the double digits.
He once told the Roanoke Times that he can tell how well (or badly) ...
Dec 15, 2012, 12:41 am - Lottery News forum
Big lottery winners offer advice, cautionary tales as $500M Powerball drawing approaches
So you just won the $500 million Powerball jackpot, the second highest in lottery history. Now what?
Perhaps it's time for a tropical vacation or a new car. There are bills to pay, loans to settle, debts to square.
Past winners of mega-lottery drawings and financial planners have some more sound advice: Stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster of joy, anxiety, guilt and distrust.
I had to adapt to this ne ...
Nov 28, 2012, 9:08 am - Lottery News forum
Life after winning the lottery
Haven't we all dreamed about winning the lottery at least once? It happened to Roy and Barb Hamer of Leesburg, Indiana. They hit the jackpot and it was BIG.
Barb says we checked our ticket, my eyes went blank, he looked at it and said, 'oh, my god! they all match!'
There was some initial confusion over how much money they won.
We thought, we'd only won ten million. We thought we were poor millionaires, Barb Hamer said with a laugh.
But in fact, the Hamers won $41.5 million playing ...
Nov 9, 2012, 7:49 am - Lottery News forum
Australian teen lottery winner still goes to work
By Allison Cooke and Beverley Hadgraft
Seven months ago, I was a typical 19-year-old working in a Melbourne [Australia] warehouse, packing books and earning $17 an hour to help pay my way through university. Then, suddenly, I was a millionaire.
Have I been partying ever since? No. I'm one of four kids from a single-parent family doing it tough and Mum has instilled in me the value of a dollar.
I won my prize last November after buying two tickets for a BoysTown lottery a charity that he ...
Jun 24, 2012, 9:06 am - Lottery News forum
N.Y. lottery winner's gain hurts his home town
One Green Island, New York, resident's Lottery bonanza could be a financial nightmare for the village's tiny school system.
John Kutey's $28.7 million share of the $319 million Mega Millions prize in 2011 may lead to a mega cut in state aid for the Green Island Union Free School District.
At risk are the district's staffing and educational programs. Saving them may mean another double-digit jump in property taxes.
The village has the second largest tax levy rate hike in the state this y ...
May 30, 2012, 6:31 am - Lottery News forum
$102 million lottery winners - 17 years later
Includes video report
Playing Powerball tonight? You may want to hear what a Phoenix woman has to say she won Arizona's biggest Powerball jackpot nearly 20 years ago.
On March 4th, 1995, part time secretary Shirley Pence stopped by a 7/11 store near 24th Avenue and Greenway in Phoenix to buy a Powerball quick pick ticket. Turned out she had a winner.
Oh we just grabbed each other and held each other, she said. And I cried and shook.
Don, a self employed house painter, and his wife ...
May 23, 2012, 10:02 am - Lottery News forum
Lottery winner buys golf course
Recent lottery winner Wally Markham isn't just a member of his local country club he owns it.
Markham, 65, won the Iowa Lottery Hot Lotto jackpot in November, netting about $3.5 million after taxes. The retiree invested most of his winnings, but first set aside enough to buy the faltering La Porte City Country Club.
Markham was already a member of the country club and even volunteered there, mowing the greens and doing odd jobs.
It was going downhill, and they were financially in troub ...
May 14, 2012, 7:57 am - Lottery News forum
Britain's youngest lottery winner still broke, but expecting twins
A lottery winner who frittered away her 1.9 million (US$3 million) fortune on drink, drugs and luxury items is expecting twins and she says the feeling is even better than when she hit the jackpot.
Callie Rogers, who was 16 when she matched all six numbers to become Britain's youngest lottery winner, is pregnant with two boys and due to give birth next month.
She said it meant she can finally live life to the full, having learned the hard way that money cannot buy happiness.
(See Now br ...
May 12, 2012, 8:58 am - Lottery News forum
Lottery winner recounts harassment after claiming prize
The shock of winning $21.4 million in a lottery was nothing compared to the jolts Craig Henshaw felt later.
They were not pleasant.
The story of Craig Henshaw, multi-millionaire, began one day last September when Craig Henshaw, high school teacher, went digging through his pockets for the $35 he had left to pay for some groceries. He had just enough cash to get him through the rest of the week, before the first paycheck of the new school year would come through.
He handed over the cash, ...
May 8, 2012, 8:21 am - Lottery News forum
Mega Millionaire 'Bunky' Bartlett offers advice to winners
Bunky reflects on mistakes (and successes) since winning $32.6 million
A Tarot card might have foretold that Ellwood Bunky Bartlett would win $32.6 million in the 2007 lottery.
Unfortunately, the spirit world provided no omens that might have helped the 45-year-old practicing Wiccan better manage his good fortune.
This week, as much of the East Coast is waiting for the winners of the record $656 million jackpot to step forward, Bartlett of Westminster agreed to talk about the things tha ...
Apr 4, 2012, 9:41 am - Lottery News forum