Winning a lottery did happen to some people. There’s nothing wrong with taking a chance on a lotto ticket! If you are fantasying of winning a jackpot, read the following awesome eyepopping lottery facts compiled by Cheeky!
- Richard Lustig won seven state-sponsored lottery games
Contrary to the lottery myth that winning lottery is one in 175 million, Richard Ludwig instead won seven times from 1993 to 2010. Ludwig at the first time won $10,000 and got his biggest prize in 2012 by hitting $842,000 jackpot.
- Americans spent a total of $73.5 billion on traditional lottery tickets
According to the North American Association of State and Provincial Lotteries, Americans in total spent $73.5 billion in 2016 alone. Bloomberg Researched reported that the average lottery player in America loses roughly $0.40 for every $1 in tickets purchased.
- Lottery taxes are high
Please note that lottery winnings are generally taxed like income. And for that, you need to pay the tax. If you won more than $5000 lottery, 25% of the chunk will be automatically withheld by the government for withholding tax. This tax will increase to 39.6% if you won more than $400,000. This can be higher if you are not a citizen or resident with a Social Security number who can get taxed of 28-30%.
- 60% of winners continue working
Surprisingly, the statistics show that 60% of lottery winners continue working after winning the lottery. Only 15% of them move to a new job and 45% of them start their own companies. How about the remaining 40%? Those in this group chose to retire early!
- 55% of lottery winners are happier after winnings
According to Statistic Brain Research Institute, 55% of lottery winners feel happier after the winnings while 43% of them said winning a lottery does not have any impact to their happiness. Only 2% of the winners said that they are not happy.