Why Winning the Lottery Isn't Always a Good Thing - NECN
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Why Winning the Lottery Isn't Always a Good Thing

That $970 million prize may sound like a dream, but there are plenty of cautionary tales of past lottery winners who have lost it all — and more

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    Why Winning the Lottery Isn't Always a Good Thing

    Winning the $970 million Mega Millions jackpot may sound like a dream come true. But if you purchase a lottery ticket, buyer beware: Coming into that much wealth can easily become a nightmare, NBC News reported. Trina Orlando reports. (Published Thursday, Oct. 18, 2018)

    Winning the $970 million Mega Millions jackpot may sound like a dream come true. But if you purchase a lottery ticket, buyer beware: Coming into that much wealth can easily become a nightmare, NBC News reported.

    "You assume money makes you happy or takes care of all your problems. But money doesn't do that," warned financial planner Jim Shagawat, president of Windfall Wealth Advisors in Paramus, New Jersey, a firm that specializes in helping people navigate large sums of money they have received. "And it can cause friction with family and friends."

    Friday's Mega Millions drawing is the second-largest lottery prize in U.S. history. With odds at one in 302.6 million, chances of winning are slim — but if you do somehow manage to correctly pick all six numbers and claim that jaw-dropping prize, you can bet your life will be different, although not necessarily for the better.