Michael was an unemployed 26-year-old Brit who blew a £9.7 million jackpot he had won in 2002. At the time it was estimated at about $15 million. After losing it all, he was hoping to get his old job back as a garbage man.
Carroll generously gave many gifts on friends and family, however he would soon start spending on less exemplary causes such as cocaine, parties, cars, etc. As a result, he said that the party had ended and it was back to reality. He added that he found it easier to live off £42 dole than a million. Lottery winning numbers
Even though Carroll’s relaxed attitude could be rare, it’s not that unusual for lotto winners to lose their cash.
Money can buy happiness and William “Bud” Post knows it. After having won $16.2 million in the Pennsylvania lottery in 1988, he had it made, however that was hardly the case for the shotgun-toting rough rider of Erie, PA.
Apparently he had several problems. For instance, a brother tried to hire a contract murderer to kill him and his sixth wife; a landlady forced him to give her one-third of the jackpot. Additionally, he had a conviction on an assault charge, after Mr. Post fired a shotgun at a man attempting to collect a debt at his decaying dream house in northwestern Pennsylvania.
In 1996, the former millionaire had to auction off the rights to his remaining lotto payments. When he repaid his lenders, he was once more in the clear. Then he bought two homes, a truck a luxury camper, computers and a $260,000 sailboat. He said he had been much happier when he was broke.
In a strange twist of luck, New Jersey resident Evelyn Adams won the state’s lottery twice. Nevertheless, she managed to spend lavishly her $5.4 million total winnings. Adams was a compulsive gambler, therefore she spent the bulk of her payout at Atlantic City casinos. Right now she lives in a trailer.
Janite Lee, a wigmaker who had immigrated from North Korea to St. Louis, won an $18 million lotto jackpot in 1993. She employed her winnings to improve her community, and she spent several millions into the construction of a nondenominational church and a reading room at Washington University. In addition, she donated so much to the Democrat National Committee that she was ranked 31st on a list of “soft money” donors, right beneath Boeing. Many of her investments turned sour and she spent a lot of money on gambling. Lee filed for bankruptcy in 1997.