In the United States, there are almost 80 billion lottery tickets and scratch-off cards sold every year.

And overnight the winners of the many lotteries and draws all over the country find themselves in charge of a huge fortune.

Many succeed in managing their enormous riches, but some fall prey to overspending, bad habits and fake friends.

It needn’t be that way of course, and careful financial management isn’t an impossible dream.

Knowing the risks in advance from videos like this one means you will not end up broke in 3-5 years as others do, simply because you are prepared.

David and Erica won US$62 million and instantly became the richest people in their county in a matter of seconds.

As self-proclaimed ‘redneck millionaires’, they were determined not to let their newfound wealth cut them off from reality.

But others have taken the opposite approach. When 51-year-old nurse, Jack, won the lottery, he immediately quit his job and began spending frivolously.

Watch as these and other winner’s lives unfold and learn how they coped with their newly found wealth.