Why do lottery-winning millionaires tend to become bankrupts?


By AGENCY

One winner finally emerged for the US$1.5 billion (RM6.4 billion) Mega Millions lottery on Oct 24 in the United States. Research suggests the as-yet unidentified winner may not be so lucky.

The jackpot swelled to that huge sum after the 25 drawings held since the end of July failed to yield a winner. That makes it the second-largest lottery grand prize the world has ever seen. The record came in 2016, when the rival Powerball game hit US$1.6 billion (RM6.7 billion).

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