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Disappointing Stories Reveal What It’s Really Like to Win the Lottery

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Many lotto winners end up squandering their money.

Mega Millions lottery tickets and a wager slip are displayed, Friday, Jan. 6, 2023, in Derry, N.H. An estimated $1.1 billion Mega Millions jackpot drawing Tuesday, Jan. 10, 2023, has people lined up at convenience stores nationwide to buy tickets in longshot hopes of winning a massive prize, but shop and gas station owners selling the tickets also have a chance at a big-figure bonus.

Mega Millions lottery tickets and a wager slip are displayed, Friday, Jan. 6, 2023, in Derry, N.H. An estimated $1.1 billion Mega Millions jackpot drawing Tuesday, Jan. 10, 2023, has people lined up at convenience stores nationwide to buy tickets in longshot hopes of winning a massive prize, but shop and gas station owners selling the tickets also have a chance at a big-figure bonus.


Charles Krupa/AP


Some winners lose big time after hitting the jackpot, even faring worse than they did before.

One winner in Canada, Sharon Tirabassi, spent most of her $10 million jackpot on extravagant homes, cars, designer clothes, parties, vacations, and handouts to family and friends. Within a decade, she was riding the bus again to her part-time job and renting a house.

A Texas man, Billy Bob Harrell Jr., won a $31 million jackpot in 1997. He spent it on things like vacations, homes, and cars, but he also obliged too many money requests. He eventually squandered all his money.

Another winner, Michael Carroll, won a $15 million British jackpot in 2002 but lost it all within five years.

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