Why is winning the lottery bad




















She even took possession of his home. But apparently, stealing from Shakespeare wasn't enough for Moore, who killed Shakespeare and buried his body under concrete slabs at her boyfriend's house. She took extreme lengths to try to make it seem as if Shakespeare were still alive, sending fake texts and attempting to bribe his family to say they had seen him. Moore's crime was discovered and she was convicted of first-degree murder.

Billy Bob Harrell, Jr. He was very generous with his winnings, helping his family, his church, and needy parishioners. But the requests for money didn't stop coming. His bad investments and the constant demand for more, more, more from outsiders put a strain on his family.

His marriage ended and other family members were at odds with each other. He said, "Winning the lottery was the worst thing that ever happened to me. On a day when he was scheduled to go to dinner with his ex-wife, Billie Bob Harrell, Jr.

He put a shotgun to his chest, pulled the trigger, and killed himself. He died less than two years after his miraculous lottery win. You can read Billie Bob Harrell, Jr. Many lottery curse victims fall on hard times because they overspend or flaunt their money, but Jeffrey Dampier, Jr. Dampier moved to Tampa Bay along with his parents, his second wife, and her family.

He invested in a popcorn business that he named after his daughter, and the business thrived. But despite paying for an apartment, a car, holidays, and more for his sister-in-law, Victoria, and her boyfriend, the two of them hatched a scheme to get their hands on Dampier's money. Victoria asked Dampier to come to her apartment to help her with car trouble. When Dampier arrived, her boyfriend tied him up and they stole thousands of dollars in cash from him.

The couple then took Dampier into an alley and shot him in the back of the head with a shotgun, killing him. The crime didn't pay off, however. Victoria and her boyfriend are each serving life sentences for murder, kidnapping, and other charges. Although these lottery curse stories make it seem like winning money is the worst thing that could happen to you, remember that the media loves a riches-to-rags story.

Lottery curse stories are often blown out of proportion. Remember that most lottery winners don't make big news because they handle their money responsibly and use it to enjoy an easier life. Want to know what steps to take to avoid becoming a victim of the lottery curse, should you ever win big? Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Subscriber Account active since.

Becoming substantially wealthier thanks to a tiny piece of paper would make your life so much better, right? In fact, recent research has suggested that lottery winners are more satisfied with life than those who lost the lottery and that this happiness is lasting, Business Insider previously reported.

In reality, though, your chance of winning is pretty slim — you have a better chance of getting struck by lightning than you do of winning a Mega Millions or Powerball contest.

If the winning numbers are listed on your ticket, your next step is to turn it into the local lottery commission. Winning is understandably a life-changing moment that can cause stress or excitement, which can lead to rash decisions.

But there are a bunch of precautions to take before you even turn in your ticket. Robert Pagliarini, a financial adviser, told Business Insider that taking "a very deep breath" should be the first thing you do if you win a large jackpot, followed by hiring an attorney, a tax specialist, and a financial adviser. For example, they can help you decide whether you want to receive payouts over a certain number of years, or collect the prize up front as a lump sum , which is considerably lower than the official jackpot amount.

And even when you do win in a draw, sometimes others do as well — meaning you have to split the prize. Other winners have landed themselves in hot water for not splitting the jackpot with colleagues or friends who contributed to the winning ticket purchase.

They took him to court, where Lopes was ordered to share the prize money. Many lottery winners experience what Pagliarini calls "the honeymoon stage of sudden wealth. Money stress and mental health: 5 ways to cope Financial instability can take a toll on your mental health.

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Your credit cards journey is officially underway. And you never know who will try to take advantage of you. The cash value of the Jan. Moore eventually got him to trust her to manage his money and allegedly swindled him out of his remaining winnings. She was later found guilty of murdering Shakespeare. Several other lottery winners have been robbed, kidnapped and even killed for their winnings.

In , Illinois lottery winner Jeffrey Dampier Jr. In addition to media swarming her neighborhood, police reported that people had been knocking on doors in her area trying to find out where she lives, CNBC reported. This is not too surprising given that about one-fifth of divorces are caused by money-related issues.

They spent their winnings on a dream home, a Porsche, a Lexus and private school for their kids. But the Griffiths soon found themselves arguing constantly about money, and six years later their marriage had crumbled, the Daily Mail reported.

Karen Doyle contributed to the reporting for this article. Read More.



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