Largest Lottery Wins and What the Winners Are Doing Now

Investments and hard work are the most common ways of making money and becoming wealthy. It is however not the only way. Playing the lottery is the other way of guaranteeing you riches without a hassle.

Although many people out there have no idea how to win the lottery, there have been tons of  lottery winners who struck big only to lose it all, some translating into losing hundreds of millions of dollars.

Considering the amount of money capable of being won, the winners can choose between receiving their winnings as a lump sum, minus federal and state taxes or as annual allotments.

Regardless, the whole idea is that money has been won and is at your disposal in terms of how you intend to make use of it.

Here is a review of four of lotto winners who bagged some of the largest lottery wins in history and what they are doing now

$1.586 billion (Powerball)

Three players made Powerball and lottery history after winning a record-breaking jackpot amounting to $1.586 billion, after drawing on January 13.

The three lucky winners will each part with a pre-tax total of $528.8 million.

They came from different states including, Florida, Tennessee and California. John and Lisa Robinson of Munford, a couple from Tennessee, were the first to come forward to claim their share of the prize.

The family opted to go for the cash lump sum amounting to roughly $327.8 million before taxes. Despite this, John and Lisa decided to keep their jobs as a dermatologist and warehouse supervisor respectively.

They however declared to engage in numerous investment opportunities with the help of their financial and legal consultants.

David Kaltschmidt and Maureen Smith from Melbourne Beach, Florida was the second couple to come forward and claim their share of the prize.

Maureen, who has played the same numbers for over thirty years, said that she only realized that she had won, a day after the drawing.

The couple also opted for the lump sum pay, which they plan to use in investments, tax strategies and charity.

Marvin and Mae Acosta of Chino Hills, California were the last to claim their prize.

The couple also settled for the lump sum, which they intend to use to support a trust and charities sentimental to them.


$758.7 million (Powerball)

 

Mavis L. Wanczyk, a 52-year-old woman from Chicopee, Massachusetts broke the record after winning a total sum of $758.7 million from the Powerball lottery.

Her win  is the single largest lottery win after the $1.6 billion was shared amongst the three players.

The mother of two had been working as a nurse at the Mercy Medical Center in Springfield for over three decades.

According to her, she employed easy to use lottery strategies, since the winning ticket comprised of numbers she derived from the birthdays of some of her family members.

Mavis opted for a lump sum pay amounting to $480m before taxes. She intends to use her newfound wealth to support her two adult children, engage in investments and support various charities and organizations.



$656 million (Mega Millions)

lotto winners merle bultler

Besides Powerball, Mega Millions lottery also has its share of people who turned into mega-millionaires. Merle and Patricia Butler, a couple from Illinois was one amongst three lottery winners of a whopping $656 million.

Merle, who worked for General American Life Insurance in St. Louis for 25 years and Patricia, who worked as an IT expert opted for the lump sum pay of $218.6 million before tax.

They intended to use the money to support their children and grandchildren as well as a number of charitable organizations and trusts that are dear to them.

They also intend to buy a few properties and engage in a few investment opportunities.

A group of three, calling themselves The Amigos, working as school employees in Maryland State were the other winners of the lotto jackpot.

They opted for the lump sum pay but declined to offer any insights on the intended use of the money.

The third winner from Kansas claimed the prize but remains anonymous.


$590.5 million (Powerball)

Gloria Mackenzie, an 84-year-old woman from Florida became the second largest winner of lottery jackpot after winning a record $590.5 million.

The mother of four, grandmother and great-grand mother opted for a lump sum pay amounting to $370.8 million before tax drew her ticket almost 40 miles away from home to win the jackpot.

She intended to use her newfound wealth to support her entire family, invest in various fields and support trusts and charities.

Considering that she lived in a somewhat filthy abode and drove an old Ford Focus, Gloria also intended to upgrade herself by purchasing a new home and car.

Her neighbors praised her as a quiet and happy woman who deserved to win.

How to Win the Lottery – Best Lottery Strategies

how to win lottery dreams

If you’re like many of us and have had no luck on the lottery, than look no further!

I plan to show you how to win the lottery by providing some of the best lotto strategies to help you win it all next time you decide to give it a go, before playing please make sure you are eligible to play depending on your state or country.

Try a Scratch Off!

lottery scratch offEvery state has a variety of different lottery games and each have different odds of winning, it is important to check the odds before spending a crazy amount of money.

Big games such as the Powerball and Mega Millions are considered to be national lotteries and are very difficult to win. Scratch offs have smaller winnings but have better odds compared to national games.

Buy Multiple Tickets

The more tickets you have the better chances you have of winning, you would be surprised how many people buy one ticket and expect to have good luck.

If you have a group of friends or coworkers it would be a good idea if everyone chipped in some money to buy tickets, this would increase your odds of winning and will cost you a lot less money.

If you do win you’ll have to share the earnings but you would still be getting a lot of money in the long run.

Play Second Chance Drawings

Super Lotto plus offers second chance drawings if there is no jackpot winner, billions of lottery prizes go unclaimed so it would make sense to give it a second chance just in case. There may be other games in your area that offer second chance drawings so be sure to ask before you purchase a ticket.

Double Check your Numbers

win the lotteryA Mega Millions ticket worth over $300,000 went unclaimed, and it happens very often. When you first buy a ticket keep it in a safe place even though it might not be a winner.

Set an alarm for the day of the drawing so you don’t miss out, double check the numbers and also check for the correct date on the ticket.

Asking a store employee to check your ticket could be dangerous and gives you the chance to be scammed of your winnings.

Winners Don’t Depend on Luck

Picking the right numbers is the most important key to winning and is often overlooked, a strategy used by many players is called the Even/Odd strategy.

Players do this by either picking the same amount of numbers, for example 3 even and 3 odd or even the opposite such as 3 even or 2 odd. If you have your own strategy then you should use that too. Be smart about your numbers and avoid picking the same types of numbers as much as possible.

Not everyone is going to be a winner and it can even be frustrating at times, but as long as you stay patient, choose good numbers, and not waste too much money on tickets than you should have good odds of winning.

The lottery strategies you have just read will not guarantee you a winner every time, but it will give you an advantage over other players.

 

A Typical Lottery Strategy