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Topicif you won the Powerball, do you think you would go broke?
pegusus123456
09/05/25 9:20:04 PM
#19:


There is actually an interesting reddit post giving what seems like good advice for lottery winners. It includes some stories of people whose lives were ruined when they won. Not just by losing the money, just in other ways.
https://www.reddit.com/r/AskReddit/comments/24vzgl/comment/chba4bf/

You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money. Or perhaps money is the root of all evil. Either way, you are going to have to be careful. Don't believe me? Consider this:
Large jackpot winners face double digit multiples of probability versus the general population to be the victim of:
Homicide (something like 20x more likely)
Drug overdose
Bankruptcy (how's that for irony?)
Kidnapping
And triple digit multiples of probability versus the general population rate to be:
Convicted of drunk driving
The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand?
A defendant in a civil lawsuit
A defendant in felony criminal proceedings


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