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TopicAre you gonna play the big Mega Millions lottery?
Aristoph
01/22/21 6:12:33 PM
#17:


KazGT6 posted...
life ruined?

https://www.youtube.com/watch?v=4GCO9k1FKaE
https://www.cnbc.com/2017/08/25/heres-why-lottery-winners-go-broke.html
https://www.businessinsider.com/lottery-winners-lost-everything-2017-8

These are mostly just anecdotes in these articles, of course. But there have been more rigorous studies about lottery winners that I unfortunately can't find the links to anymore. If I remember correctly, it was around the $10 million mark where the scale tips past 50% chance for the winners of large sums of money to end up destitute, dead, or in prison within a few years. It's been a while since I read the study, though, so I might be a bit off on the numbers.

Still, the fact remains that winning a large lottery is more likely than not to make your life miserable, not better.

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