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A Record £208 Euromillions Jackpot! How Do The Winners Spend Their Money?

Aside from the Powerball in the US, no lottery competition comes close to the prizes that regularly emerge in the EuroMillions. With multiple winners scooping jackpots in excess of £100 million over the last decade, millions of people have spent considerable time and effort deciding what they would do with their winnings if they were ever lucky enough to land the jackpot.

 

For those lucky winners who have landed enormous wins in the past, there’s a broad scale of exactly how they spent the money. Some winners stuck it all into their savings account and continued going back to work. Some blew considerable chunks on luxury holidays and lavish gifts.

 

There’s a reason the lottery offers lessons and advice for those who suddenly find themselves with an astonishing sum of cash in their bank account, thanks to their Euromillions win. Here are some of the ways winners have splashed the cash over the last couple of decades, ranging from the most common methods to some of the most extravagant.

The Rise Of Online Betting

Lottery competitions in years gone by would involve a trip to the local newsagent to fill out your numbers, and for them to print the ticket. However, in the digital age, the three-pronged ownership of the Euromillions is spread across France’s Française des Jeux, Spain’s Loterías y Apuestas del Estado, and the United Kingdom’s Camelot.

 

When the competition first launched over 20 years ago, they had already begun digitizing their operations. However, by the beginning of the 2010s, they had spent millions streamlining their mobile app, and it resulted in a surge of new customers looking to get their hands on a life-changing sum of money.

 

Lottery competitions were not the only gambling market that identified this trend. Online casinos demonstrated the significant market demand for desktop and mobile betting, although it took a few years for mass adoption to gain traction. When it did, the influx of new customers was something that took many in the industry by surprise.

 

All elements of the casino gaming industry, including live dealer games, were able to find their feet by utilizing the considerable advances in bandwidth technology and mobile accessibility. In the modern market, a live dealer casino is commonplace and the backbone of the industry, as are all other forms of online casino gaming.

 

Some lottery players use apps for entertainment and try to predict upcoming draws. Obviously, there’s no actual way to do this accurately, but as a bit of fun, it’s something that lottery gaming communities enjoy doing.

Keeping Things Modest

While some people might roll their eyes at the idea of those who return to work after a big win, for those who do, it’s about retaining and keeping the framework of their routine. Lottery winners don’t go back to their job because they enjoy doing the work; they do it so that they can maintain their connections with their work colleagues and still give themselves a sense of purpose.

There is another side to this argument, of course. If you win over £100 million, then the real argument is that you have enough money to build an entirely new, more comfortable routine from scratch.

 

Some other winners will retire, but still go about their daily business, often staying within the communities in which they reside and choosing to give the bulk of their money to their family or invest it in long-term assets such as stocks, the S&P 500, or by opening a property portfolio. There have been numerous examples of lottery winners becoming philanthropic with their winnings, investing millions in local charities and community projects to help strengthen their local area.

Lavish Lifestyles

There’s a difference between localized lotto wins, which are in the region of a few million, and the Euromillions jackpot, which can be 100 times greater. Given that there’s such an enormous jackpot on offer, with the recent £208 million rollover being the highest ever awarded, there’s also scope for a lavish lifestyle that caters to the luxury of all-expense holidays to some of the world’s most lavish destinations, supercars, superyachts, and everything else you can think of in between.

 

There have been rare instances of lottery winners blowing their multi-million-dollar fortunes on wild purchases, non-stop party lifestyles, expensive art, and creating destruction derbies in their own backyards.

 

Granted, the majority of winners are sensible with their money, opting for investments and modest purchases that allow them to continue living the life they did, but with an added layer of comfort. For some people, the idea of a few million is just as tantalizing as £200 million. So long as they can pay off their mortgage, their debts, and leave enough money for them and their family and friends to enjoy the lifestyles they want to lead, then this is the ideal outcome.

49's Team

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