Just picture it for a moment: You’ve achieved the seemingly impossible – you have actually won a lottery jackpot! What comes next? What happens now? After the excitement subsides (this may take a few days), all of these arduous-yet-important questions need answering. Do you continue to work? Do you save, or do you invest wisely? Do you travel the world, or buy a new home?
Over 3000 millionaires have been produced in the UK alone (thanks to the spectacular UK National Lotto lottery game), and of these lucky lotto loot winners, over £8.5 billion - averaging £2,800,000 each - has been doled out. Generally speaking, most winners spend their winnings on three main items:
In terms of purchasing new motor vehicles, it is estimated that a total £463 million has been used to purchase new cars; £3,3 billion to the acquisition of property, and a further £21,000,000 to dream vacations and getaways. Here is a great PlayHugeLottos infographic of how past lottery winning millionaires tend to spend their generous windfalls on:
Millionaires the world over usually always spend the first portion of their winnings on purchasing a brand new car. In the UK alone, the total amount of new cars leaving dealership floors across the country thanks to lotto jackpot wins is a whopping 17,190. However; often uncontent with just a single purchase, winners tend to do repeat buys - with the average number of cars per millionaire ranging in the 5.75 bracket, and the cost per car hovering around £46,116.
Research has shown that 82% of winners tend to change their main residence upon winning the lottery, and spend approximately £900,000 on their new homes. Winners are less frivolous when it comes to the amount of homes they own, with an average of 2.7% of properties owned by winners within the UK. Of the 3000 or so lottery winners, a hefty 7,958 homes have been purchased within the UK alone; and a total of 5,498 properties have been purchased by winners and used either as holiday homes, investments or gifts to friends and family. A total of 3,700 mortgages have been paid up for family and friends by lottery winners in the UK, proving that UK lotto winners are very generous with their jackpot rewards.
HOLIDAY AND TRAVEL:
A holiday around the world is certainly a possibility with the amount available to win – such is the prosperous nature of jackpot earnings available with first place lottery wins. An estimated £21,000,000 pounds has been spent by the 3000 National Lottery millionaires to fund their lavish travelling experience; with 69% of winners opting to reside in five star hotels for the duration of their holidays. If not, why not? In terms of the most common destinations, 3% choose Canada and the Maldives, 5% visited Portugal, 6% the Canary Islands, 9% the Caribbean and 27% the USA. Only 10% of winners actually choose to purchase new caravans to tour around with locally.
These numbers show that these UK millionaires were/are very charitable as well seeing as though a total of 510 subsequent millionaires have been made owing as a result of generosity from the winners. All these exclude winners' children, of which about 3,270 are current or would-be millionaires due to their parents' win. Whoever said playing the lottery was a fool’s errand would most likely feel pretty foolish right about now; given all these lottery facts and statistics, proving that a big win is completely plausible and totally within reason, no matter what the odds may reveal.
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