Where lottery winners give away their money

Here are some more interesting facts about lottery winners:

#1. Lottery winners are more likely to declare bankruptcy within three to five years than the average American, with nearly one-third of lottery winners eventually declaring bankruptcy​​.

#2. Among those who play lottery games at least once a month:

• 55% have incomes of $55,000 or more

• 44% of lottery players nationwide fall into this income bracket.

• 20% of lottery players account for 71% of lottery income​​.

#3. About how lottery winners spend their money:

• 37% invest in stocks, bonds, or real estate

• 17% use the money to liquidate debts

• 23% buy a house

• 20% remodel their house

• 37% use winnings for vacations​​
  

  Source: Ryan Hart