User Panel
Posted: 2/6/2006 12:50:46 PM EDT
Interesting statistics on lottery winners as a whole:
If you are a lottery winner with total payouts in excess of $2 million, within 5 years you are: 125 times more likely to be sued. (If this happens your chances are 1 in 1.6 that you will pay some amount to the plaintiff). 93 times more likely to get a divorce. 89 times more likely to be audited. 82 times more likely to end up on social security as your primary income, if it wasn't before your winnings. 72 times more likely to be cited for income tax offenses. 65 times more likely to be arrested for DUI. 62 times more likely to have tax liens applied to your property. 54 times more likely to be arrested for assault or battery. 39 times more likely to be the victim of homicide. (If this happens your chances are 1 in 3 that a relative was the accused and 1 in 5 that a murder for hire scheme was involved). 35 times more likely to be injured as a driver of an automobile in an accident where "alcohol was involved." (Your chances if this happens are 1 in 2 that the automobile's book value was in excess of $65,000 and it was purchased after your lottery win. Chances are 1 in 6 that it was a Ferrari and 1 in 8 that the accident was fatal). 29 times more likely to be arrested for a narcotics related offense. (If this happens chances are 1 in 2 that meth was involved). 26 times more likely to have property seized by tax or law enforcement officials. 19 times more likely to be arrested for violent felony. 6 times more likely to be arrested for murder. (If this happens your chances are 1 in 2.5 that the victim was a relative). Powerball anyone? ETA: Source - University of Chicago study, pending publication this year. ETA: These figures are v. those who played the lottery but lost. |
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All of those can be avoided by using a little common sense,people just dont seem to understand taxes very well.
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Considering lifestyle of people that typically play in lotteries, I'm not suprised.
A gold plated turd is still a turd. |
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I will take this as a challenge. Now, to win the big one ($88 million as of the drive in today)...
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I heard a while back that 1/3 of Florida Lotto winners had declared bankrupt.
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I would think the sample is size is too small, rendering these statistics useless. I'd like to read the actual study (if one exists), and not the conclusions. Basically, I'd like to know EXACTLY how they arrived at these conclusions.
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This is more of a study of people who play the lottery rather than the effects of winning a lottery.
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What morons. Seriously...how fuckin' stupid do you have to be to piss through an amount of money that could keep you and your entire family secure for decades? No sympathy what so ever. No points given for being a complete moron. Win the lottery? Here's a tip.... Tell nobody. Period. Get a good lawyer(s) immediately. Get a good CPA firm immediately. Get a good financial planner(s) immediately. Arrange to meet with them all together and formulate a life long stratagy for the money. Listen to them and stick to the plan. Be happy....be rich. We don't perform our own dentistry, so why would ANYONE who's not well versed in large amounts of money think they can handle it without some serious advice and resources to protect yourself? |
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I gave it about a 98% chance, but I thought I would ask anyway. |
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Exactly........a winner is 125 times more likely to be sued than ANY non winner. Hell when you get divorced and you don't file.......you're getting sued. Those stats are worse than worthless. |
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Powerball= $1 idiot tax No wonder the "winners" can't handle money. |
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My calculus professor called it a tax on the "mathematically illierate". |
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Did you know that if you post on an internet forum you are 56 times more likely to wet the bed?
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I would like to see statistics on:
education level before winning income before winning marital status and number of times married before criminal record before alcohol and drug abuse before # DUI before You can bring a stray dog into the house, bathe it, groom it and feed it steak, but it will still shit in the floor. |
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U Chicago statistics draft paper. Me = U of C alum. I think you can rely on the stats. It's due for publication this year. |
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adding my .02 |
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How about providing a link to that information?
After all, we know 87.6 per cent of all statistics are made up. |
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I thought it was 37.5 percent. Others have said it first: it's more a reflection on the sort of people who play the lottery. I'd like to see a similar study done on lottery players who haven't won anything. |
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None of these matter. The stats compare general stats on anyone who answered "yes" to "have played the lottery before" to the stats of winners. I should have pointed this out. |
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Yeah. Maybe it was a sample of one, and he did it all! |
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Interesting how they didn't mention that in order to win a jackpot that big, they already overcame bigger odds than these. |
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That's all I need to see right there. |
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1: very few people would know 2: cant rule that out anyway 3: don't cheat or do anything to raise red flags 4: have my own source of retirement 5: see #3 6: dont drink 7: property is paid off 8: very laid back individual 9: high likely hood of ole lady commiting felonious act against me(I'll take my chances) 10: see #6 as well as I tend to avoid drunks as I am not a night person 11: do not care for drugs 12: see #3 again 13: not a chance 14:see #13 Give me the money |
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hum...5000+ posts? yuo must be sleeping in a pool of peepee |
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Bring it on, I could beat those odds. Now I just have to win the lottery
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You smell funny. Anyway, I think that U of Chicago didn't think to factor in the fact that many people that win the lotto seem to live in an area or be from an income class that probably has higher possibility of all those occurances anyway. Meaning, who do they consider the normal from which to base those statistics off from? People do call the lotto the idiot tax around here... |
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I'd take my chances.
Most of those problems could be avoided by: not being a shitbag in the first place hiring professionals to advise you on taxes/financial planning and not trying to beat the system keeping your mouth shut about winning in the first place |
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I don't have any current online cite for it, but just having been a IL resident that long, I remember reading about it in the newspaper: a few years after Illinois began their state lottery (this would be early-mid 1980's, I think) they opened a special credit-counseling center in Chicago, just for lottery winners. The reason was that so many of them were going bankrupt (after winning the lottery) that the state felt it was reflecting badly upon the venture.
Another fun fact I recall was that one study around that time found that the poorest 10% of the people in IL bought 47% of all the lottery tickets. ~ |
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....Um,,,,, in most state lotteries, as a condition of play they have the right to use your name+photo for publicity. It is not possible to make an anonymous claim.... ~ |
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I would make it public knowledge that upon my death, all my money is to be burned.
Im an asshole |
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Exactly. I would like to see the stats of lottery winners versus non-winners from the same economic bracket. Lies, damn lies, and statistics. H-46, BS Mathematics (Ops Analysis focus - lots of stats) |
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I think that all of those problems are related to the inability to manage money. If they would take their winnings, keep their jobs, and not spend all of the principal, then they would have a lifetime of money. If they made their money work for them, instead of spending the principal, then they can never go broke. BUT, people go out and buy huge expensive houses, which cost a lot on taxes every year, they buy expensive vehicles, which depriciate....etc. IF they didn't do all that stuff, they wouldn't have those problems.
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True, but that doesn't mean you need to go around telling everyone you meet on the street that you just won $80 million. It pays to keep as low a profile as possible in these circumstances. |
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