15 Of The Dumbest Things Lottery Winners Have Spent Their Money On
It can be extremely overwhelming going from being broke to being a millionaire. For these people, it was so staggering that they made some of the most impulsive spending decisions you’ll ever see. If there’s one thing that you can do besides fall into a pleasant state of daydreaming yourself, it’s to learn from these people’s wildly impulsive decisions.
1. Michael Carroll Built A Race Track In His Back Yard
Year: 2002
Winnings: $18 million
Michael Carrol won the lottery for $18 million. What do you buy when you’re 19 and win the lottery? Building your own personal racetrack sounds like a good choice. On top of the track he bought a plethora of expensive sports cars to drive on it.
2. David Copeland Bought Land On The Moon
Year: 2000
Winnings: 1 Million
David Copeland won $1 million. He thought the best way to spend these earnings was to buy land on the Moon, Mars, and Venus. Today, he still works and lives a frugal lifestyle.
3. Debbie Mather Created Her Own Firework Business
Year: 2005
Winnings: $6 Million
Debbie Mather won $6 million. She used the winnings to buy a fireworks factory and fulfill her childhood dream of watching the sky fill with fireworks. Today, the factory is still running, and the company is still in business.
4. Denise Rossi Hid Her Winnings And Lost Them All
Year: 1996
Winnings: $1.3 Million
Denise Rossi won the lottery for $1.3 million in 1996, and instead of telling her husband, she decided to hide it from him and try to divorce him without disclosing that she had won. Her husband found out that she won, and when it came out in court, Denise lost the entirety of her winnings and had to give them all to her husband. That’s some serious karma.
5. David Lee Edwards Was Rich One Day And Broke The Next
Year: 2001
Winnings: $27 Million
David Lee Edwards won the Powerball for 27 million Dollars. Directly after he won, this dumb dumb bought two homes: one for 1.6 Million and another for just over $600,000. But his spending didn’t stop there. He also bought a Lamborghini, a private jet, and a $35,000 golf cart. Needless to say, he was broke just five years later.
6. Andrew J. Whittaker Lost $545 Thousand From Being Brainless
Year: 2002
Winnings: $314 Million
Andrew Whittaker won an astounding $314 million in 2002 and gambled more than half of it away. But this wasn’t the worst case of him losing money. He loved having huge chunks of cash in his car so bad, that he was robbed for $545 thousand. Four years later, his fortune was gone.
7. Luke Pittard Blew All His Money On One Trip
Year: 2006
Winnings: $1.9 Million
Luke Pittard won the lottery for $1.9 million in 2006. He used his winnings to go to the Canary islands, pay for a wedding, and buy a house. Less than 2 years after he won, he was working at McDonalds flipping burgers.
8. Vivian Nicholson Blew 152,000 Pounds On Clothes
Year: 1961
Winnings: $152,000
Vivian Nicholson won 152,300 pounds through one of Britain’s football pools. She spent years after this filling her closet with designer clothes. After she blew her fortune, she became a Jehovah’s witness.
9. Callie Rogers Won $3 Million But Was Too Young To Manage It
Year: 2003
Winnings: $3 Million
16 year old Callie Rogers won $3 million. A few years later, she married a bum and had 2 kids with him. After this, her money was spent on partying, and buying gifts for her family and friends. Today she is on the verge of bankruptcy.
10. Collin Weir Bought A Sports Team
Year: 2019
Winnings: $161 Million
Collin Weir won 161 million pounds from EuroMillions. His first big purchase was Partick Thistle Football Club, which cost him 2.5 million pounds. But the team has been bailed out of financial turmoil plenty of times, costing Weir millions.
11. Peter Lavery Bought A Whiskey Business
Year: 1996
Winnings: $17.7 Million
Peter Lavery won $17.7 million in 1996. His first purchase was a $5 million whiskey business that was slow running, but fortunately for Peter, the business turned into a good decision. The company he bought (Titanic Distillers) is making a serious profit, even to this day.
12. Evelyn Adams Lost Her Money Betting It Away
Year: 1986-86
Winnings: $6 Million
Evelyn Adams won the lottery twice! She won in 1985 and 1986 for a whopping $6 million. But her love of poker was too strong. She lost all of her money at the casinos of Atlantic City.
13. Keith Gough Put His Trust Into A Racehorse
Year: 2005
Winnings: $11 Million
Keith Gough won the lottery for $11 million. On top of giving his gardener $90,000 he bought more than a quarter million dollars worth of race horses. This reckless spending, on top of his obsession with cars, ultimately led to him losing everything.
14. Sarah Cockings Got Herself And Her Sisters An Expensive Upgrade
Year: 2005
Winnings: $4 Million
Sarah Cockings won the lottery for $4 million and wanted to spend it on her sisters. Sarah got herself and each of her sisters $10,000 breast implants. That’s one way to say “I love you guys.”
15. John And Linda Kutey Wanted A Waterpark In Memory Of Their Parents
Year: 2011
Winnings: $28.7 Million
John and Linda won a $319 million Jackpot and got paid out $28.7 million to share. They immediately opened up a waterpark in memory of their parents. The waterpark cost close to $250,000 and is still up today.