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We all dream about winning the lottery and thinking about how we would spend our new-found
fortunes.
Well, some lottery winners act like they have money to burn and they end up spending their
money on crazy things and before they know it, they are completely broke and worse off
than before they won the money.
So let’s take a look at the top 10 people who went broke after winning the lottery.
Starting off this sad list in at number 10 with a Typical scenario.
Lisa Arcand was the lucky winner of $1 million dollars in the Massachusetts lottery back
in 2004.
She did the typical things lottery winners usually do like buy a house and go on several
vacations.
However, when you really think about it, $1 million dollars after tax isn’t that much
money in todays world.
After she realized how quickly she was going through her winnings, she opened up a family
restaurant to try and earn additional income.
Unfortunately, within a few years, she completely ran out of money and her restaurant had to
be shut down.
She actually said that her lottery experience was more depressing than anything.
Unhappy meal makes its way into number 9.
Luke Pittard won $1.9 million in 2006 but he quickly spent all of his winnings on a
trip to the Canary Islands, a wedding and a house.
A year and a half later, he was flat out broke and he was forced to find a job again.
He applied to McDonalds and now he works in the kitchen flipping burgers.
He said that he’s happy though…but I think that’s a lie.
People who win the lottery should be forced to talk to a financial advisor so things like
this don’t happen.
Karma creeps in at number 8.
Denise Rossi won $1.3 million dollars in the California lottery back in 1996 but instead
of telling her husband of 25 years about her winning the lottery, she asked for a divorce
and said that she wanted it done quickly.
Well soon after the divorce, he ex-husband discovered her lie and in 1999 a judge determined
that she had broken the asset discloser law and he awarded her ex-husband with every penny
from her winnings.
You know what they say, Karama can be a bitch.
Next up in at number 7 we have Vivian Nicholson.
She won about 150,000 pounds back in 1961 which is the equivalent to about $3.5 million
dollars today.
She famously said that she was going to “Spend, spend, spend her money.
And that’s exactly what she did.
She bought expensive designer dresses, lavish vacations and a new car every six month.
By the 1970s she was completely broke.
But in 1998 she received money from a musical that was about her life.
Well, as you probably guessed it, she spent all of that money too.
The gambler rolls the dice in at number 6.
Back in the mid 80’s Evelyn Adams defied all of the odds by winning the lottery twice
- once in 1985 and again in 1986.
She won $5.4 million dollars but she also had a gambling addicting.
Oh and did I mention she lived in Atlantic city which is a miniature version of Las Vegas.
So, as you probably guessed, it didn’t take her long to lose all of her money.
Where is she now?
She now lives in a trailer park and is completely broke.
Next up in at number 5 is a Big spender.
Sharon Tirabassi won $10.5 million dollars in 2004 and she spent her money very fast.
She would treat her friends to vacations to Cancun, Las Vegas, California, Florida and
the Caribbean.
She got married and bought a house for half a million dollars but instead of paying cash
for it, she took out a mortgage for $360,000.
The spending spree continued and she bought numerous cars including one that cost her
over $200,000 and she gave millions away to family and friends.
Three years later, all of her money was gone.
By 2008, her husband was arrested for a DUI and she lost their home because she couldn’t
afford it.
Now to pay the rent and support her family, she is working part time and is riding the
bus because she no longer has her expensive cars.
Mansion to Slaughterhouse butchers its way into number 4.
At the age of 19 Michael Carroll was working as a garbage man in England when he won about
$14.4 million dollars in the lottery.
Michael literally blew all of his cash on a mansion, drugs, gold jewelry and hookers.
Apparently, he would smoke more than $3,000 worth of crack cocaine a day and he would
throw indulgent parties pretty regularly.
Well the party is over because now he has no money and he is working at a slaughterhouse
barely getting by.
The man who lost it all comes in at number 3.
Willie Hurt was a family man living in Michigan when he won the 1989 lottery jackpot.
He won $3.1 million dollars and he opted to collect annual installments of $156,000.
Well by the time he had received his second annual installment, he was already in the
process of a divorce, lost custody of his children and he had spent most of his winnings
on crack cocaine.
Things got even worse, after he spent 48 house binging on drugs and alcohol.
He had a huge fight with his girlfriend and she was later found with a gunshot to her
head.
He was charged with murder and could spend the rest of his life in prison.
Number 2 Too much partying.
Back in 1998, Gerald Muswagon won $10 million dollars in a Manitoba draw in Canada.
He spent a large chunk of his winnings on expensive cars for his friends and family
and he converted his new home into a “party pad.”
Eventually he had spent all of his money and he was forced to take a minimum wage job in
order to support his six children and girlfriend.
Sadly, in 2005 just seven years after his huge win, he took his own life because he
was broke.
In at our number 1 spot, we have a Tragic story.
Billy Bob Harrell Jr. was working as a stock boy at home depot when he hit it big and won
the $31 million jackpot back in 1997.
At first, he was living a really lavish lifestyle.
He bought a ranch, six other homes and some new cars.
So basically, like many other lottery winners, he wasn’t able to say no when people would
ask him for a handout or whenever he saw an expensive looking car.
Later on in life he divorced his wife and he eventually committed suicide because the
stress of losing his money was too much for him to bear.
Well there you guys have it