hey guys what's up it's Charlie here and today we're going to be looking at
11 secrets lotteries don't want you to know do you ever play the lottery if
you do have you ever won in a thin and has it been more than what you've spent
on lottery tickets well in this video we're gonna break down some secrets a
lot of recent wish you didn't know but before we hit the jackpot why not
subscribe and press the notification bell - coming up first we have
expiration date we'll know and expect an expiration date on things like milk and
meats but when it comes to lottery tickets they're just a piece of paper
right they don't need an expiration date well that's how many people do think as
they're unaware that every lottery ticket has an expiration date if you
knew about this I'd be very very impressed seeing as many tones including
lottery winners now typically if you win the lottery you have around two to three
months to claim your winnings otherwise it either rolls over to the next winner
or is kept by the lottery company this almost happened to a man named Jimmy
Smith his ticket won him 24 point 1 million dollars but he couldn't find his
ticket and therefore couldn't claim it the New York lotto put out various
posters saying that his date was expiring soon luckily he found his
ticket and claimed the money two days before it was drawn on May 23rd 2017 but
just imagine if he literally lost 24 point 1 million dollars legally now
lottery companies have to make people aware that they've won that's why they
spend tons of money advertising winners who haven't claimed yet so guys if you
buy a lottery ticket just remember where it is and remember to cash in if you win
the largest amount ever unclaimed was 1.5 billion dollars somebody won the
Mega Millions lottery jackpot of 1.5 billion and they didn't even claim it
either Bill Gates is the person who won this ticket or someone is just really
really dumb next up is illegal and anama t if you ever won the lottery would you
want anyone to know if you're really smart the answer should be absolutely
not many people do publicize that they've won the lottery by choice but
this is usually a terrible it means everyone will want a piece of
your money scammers will come after you and people will try and sue you for
crazy things now in most countries you're actually allowed to be anonymous
if you win the lottery but in some US states this is actually illegal and you
must declare whether you've won the lottery or not if you're a private
person if then say goodbye to that as the media love to pick up on lottery
winners and document their every move state lawmakers say that if people who
won the lottery were anonymous this would be very very untransparent but
putting people's personal details out there and saying how much money they
have isn't usually a good idea in 2015 at craigory birch jr. had his home
broken into the criminals then took his life and stole from him sadly his family
was in the house at that very moment craigory had won the money only a few
months before this happened and the criminals found out thanks to the media
so if you live in one of these places where anonymity is not legal and you win
the lottery I suggest investing in some security the actual amount you may think
that people who win the lottery never have to work again but even when it's a
huge amount this is sometimes not the case that's because the amount they save
one isn't usually the actual amount that's right even on lottery winnings
Uncle Sam has to take what he has to take let's say you win 1 million dollars
now you can either say to the lottery company you want it in small segments or
you can say you want it right now if you want it right now then you actually only
get a percentage of the money usually around 70 to 80 percent then you'll need
to pay a federal 30 percent tax then in the USA you have to pay around 5 to 10
percent state tax and even if you didn't opt for it as a lump sum and you want it
in increments you have to pay your taxes on that every single year so if this
means that if you want 1 million dollars you'd actually only end up with 480
thousand dollars and that means if you win a billion dollars you only end up
with 480 million obviously in either case that's still a ton of money but
it's not exactly what's advertised right this is why many lottery winners go pro
because they believe they've won a lot more than they actually have so you
better get a great financial planner an accountant if you plan on winning the
lottery anytime soon next up is lottery scammers
as I already said winning the lottery and having it publicly out there means
you'll attract a lot of scam ins people may come to you saying they have a great
investment opportunity promising you tons of money back but it could turn out
to all be one big scam or a bad investment and you lose a ton of cash
but that's not even the worst of lottery scams sometimes the scammers are the
people actually selling you the lottery tickets a few years back Nabeel and
jacquard Parveen were arrested for scamming a lottery winner
they actually owned a convenience store that sold lottery tickets the person who
bought a lottery ticket in their New York store actually won a million
dollars but they told them they'd only want a thousand dollars trying to keep
the 999,000 to themselves luckily these guys were caught and arrested and the
money was given to the rightful winner another man named Ahmad Farah gala sold
something called winning tickets these were fake tickets which had already won
and then when people went to cash in their prize they realized they'd been
scammed according to cops he'd made nearly a
quarter million dollars from this scam that's why you should only buy lottery
tickets from authorized retailers otherwise you never know you could be
getting scammed big time next up we have preying on the
poor I am sure you've heard the lottery be referred to as a poor person's tax
but is this really true or is it just a nice way to win a ton of money well it
turns out people play the lottery more when they're poor to try and get out of
poverty one study from North Carolina found the poorest counties always have
the highest ticket sales on the lottery apparently around 40% of all lottery
players are actually below the poverty line this is then accentuated by the
lottery running very targeted adverts in their adverts they may show someone
who's poor who then wins a ton of money and then lives a life of luxury but of
course there's a tiny chance that will actually happen and it really does prey
on the poor if you need more proof lottery ticket sales actually arise with
unemployment that's right the more people who are out of a job the more
ticket sales the lover gets in the 2008 financial recession almost every
industry went down the lottery lotteries actually had
record sales and made a ton of money from people who were desperate and poor
next up we have the real odds so we've already seen the real amount you
actually win if you win the lottery but what about the actual odds of winning
the lottery I'm sure you've heard that getting struck by lightning is more
likely than winning the lottery and that's absolutely correct most of the
time in lotteries you need to pick six numbers out of 49 and get them all
correct to win the jackpot that means that to win the jackpot on just the most
basic and easy lottery that's a one in forty million chance this means even if
you buy one lottery ticket a week it would take you around 300,000 years to
actually ever win one go out what do the odds for the most difficult and most
bought lottery in the USA the Mega Millions well the odds for that or even
worse coming in it's one in 176 million so unless you're feeling ridiculously
good lucky then I suggest not buying a lottery ticket but if you've been hit by
lightning bitten by a shark and hit by a meteorite then you should buy one that's
because all of those things combined happening to you are more likely than
winning the Mega Millions next up is lottery donations so the lottery may not
be good for poor people but at least it helps schools outright lotteries always
bragging about how much they help out school districts and some lottery
slogans even involve the words helping out schools well unfortunately that's
not always the case you see when lotteries give money to the
schools they're not really giving it directly to the schools instead it
actually goes to the state and then is allocated to various things that's right
for all the money the lottery donates to schools it may have no effect on the
kids whatsoever that's because it simply goes into the
state's general fund and can be used for absolutely anything Patrick Pearse a
political scientist even said given a few years a state would have spent more
money on education without a lottery so even though these lotteries like to brag
about how much they help your kids at their school this is actually not the
case
next up we have scratch curse you may be thinking okay winning the
lottery unrealistic but maybe I can win one of those scratch off cards well
unfortunately the odds of one of those are also equally as terrible the payout
per dollar spent is usually much worse than the normal lottery and so is the
odds sometimes the most popular scratch cards the $1 and $5 ones are the most
popular but also have the worst odds and worst winnings you're actually better
off buying the more expensive 10 and $20 scratch offs barely anyone buys them but
it's actually more worthwhile to buy those than the cheaper ones they have
much better chances of winning and a much better return if you do win the 1
to 5 dollar tickets are actually low return and they're designed to keep you
hooked on playing that's why lots of the time you simply
win $1 to $5 back they want you to buy another one keep playing and then buy
more expensive ones so it's actually best to cut out the middleman and buy
the most expensive scratch off possible so that's why it's best to just buy the
most expensive scratch offs if you're going to buy them at all but really with
odds worse than the normal lottery why even bother and finally on the list of
secrets lotteries don't want you to know we have the downsides you may think that
if you win the lottery your life will change forever well this is no doubt the
case but it may not change for the good we've already mentioned how one man lost
his life after winning but did you know that lotteries are also terrible for
marriages many lottery winning couples ended divorce within a few months of
winning not only that lottery winners get very very depressed and bored easily
if you don't have to work for anything then this gives you no reason to have
any motivation or to do anything not only that they lose a lot of their
friends their friends will suddenly turn into leeches trying to get as much money
out of them as possible and many lottery winners nationally admitted they wish
they never won at all so before you go out and buy that Mega
Millions ticket give this a think will your life really be improved by winning
the lottery or will it be a big inconvenience use the poll in the top
right corner to vote for if you play the lottery or not personally I don't but
I'd be interested to see what you guys do if you guys want some more amazing
videos to check out my second channel they'll be linked to that coming up on
screen in a moment but as always thanks for watching check
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