How to Make the Most Out of Your Lottery Win
Lotteries, especially ones that are offered to a large audience like Tatts lotto or Oz lotto offer millions of dollars to their winners. Jackpot prizes in these lotteries offer once in a lifetime opportunity to the winners so that they change their lifestyle. Therefore, it is quite important for jackpot prize winners to put in place a decent plan for investing their bumper prize.
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There have been many lottery winners in the past who did not have much idea about how to manage their prize money from the draw and ended up losing too much too soon. Some of the winners even started gambling and piled up more debt then they had before they won the lottery. Moral of the story is that winning such a large amount can make you become financially irresponsible.
In Australia, jackpot prizes can go up to and beyond the $100 million marks. Organizers of these lotteries spend a large sum of money in marketing special events like the half-yearly or New Year lottery. Even the weekly bumper prizes can touch nearly $10 million marks. Statistics reveal that Australian lotteries offer the highest odds of winning anywhere in the world.
Playing lottery online
Foreign citizens can also play an Australian lottery by registering themselves with a lottery messenger service. All they need to do is provide their identification information including name, date of birth and phone number and they are good to go.
The lottery messenger may also take your account information so that they can distribute your winnings in case you win a prize. For managing your lottery account, they may charge you either a fixed fee or take a certain percentage from your winnings as a commission for their services.
Before registering with a lottery messenger, participants are advised to check their reviews online and confirm if they have legitimate license to operate in the local jurisdiction.
Australian lottery winners and their stories
There are many interesting stories of how people who could not afford a cup of coffee became millionaires overnight, just by playing their favorite lottery game. Some of those stories are mentioned below:
The syndicate from a local laboratory with the matching N S W Oz Lotto Results
The lottery is one of the oldest forms of public entertainment. The game has been played since the medieval ages and has evolved over time to incorporate many options for the participants. Today, candidates can buy group tickets to form a syndicate and increase their chances of winning a game. Syndicates are usually formed by co-workers, family members or friends who want to increase the probability of hitting a jackpot.
A 16-member team from a local laboratory in Sydney decided to buy group tickets for themselves to win the jackpot prize. They were one of those fortunate ones who shared the division one prize money of $47 million. Before they heard the amazing news, each member of the syndicate was trying to resolve their financial issues. After winning the lottery, some paid-off their debts including mortgage while others headed off to buy a new car.
The man who was given another life to win the jackpot
Bill was a truck driver in Australia and used to sleep in his moving trailer. While he was on the road one day, Bill met an accident which nearly cost him his life. While doctors were treating him for his injuries, a drug triggered a severe allergic reaction in his body. Due to this reason, Bill’s heartbeat stopped for nearly 14 minutes.
Doctors tried their level best to save this man’s life and were finally able to get his heart going again. Unfortunately, the incident left him in a coma for 12 days before he finally woke up one day without any sign of a brain injury. Feeling himself to be one of the few lucky ones, Bill Morgan tried his fortune again by purchasing a lottery ticket. To his surprise, he won $17,000 in the lottery and used that money to buy a new vehicle.
With so many life-changing events, Bill was receiving a lot of coverage form the media. While talking to the press, one of the reporters suggested that he scratched another ticket to test his luck yet again. Bill won a quarter of a million dollars on that lottery draw!
Following his father’s advice
A young lad from western Sydney was trying hard for three years to live his father dream. The man’s father had made a final wish before dying that his son should use his father’s lucky numbers to take part in lotteries. After three years of trying his luck, his efforts finally paid off and the young lad won $8 million in a weekly draw.
He suggested that his father was a righteous man and wanted him to win a lottery so that he could support his family. The son wants to follow his fathers advise and use the lottery win to help his family gain back their financial strength.
What lottery winners should do with their Oz Lotto Results NSW winning ticket?
To maximize their gains, lottery winners can make use of the following tips:
Invest – One of the first things that winners of a lottery game should do is to find useful ways to invest their newly found wealth. There are multiple ways to do that, including buying gold or investing in real estate. Real estate is a great way to earn passive income even after you retire from a regular job. Gold, on the other hand, is famous for preserving wealth for many generations.
Take a break – Jackpot winners have a once in a lifetime opportunity to take a break from work and enjoy some quality time with friends and family. Many lottery winners take a little chunk from their win and use it to book a luxuries trip to their ideal destination.
Do charity – If you are one of those people who find satisfaction in helping others, then you should find a charity that is close to your heart and make some amount of financial contribution to their cause.
Winning a lottery is a great achievement, however, a bigger achievement is to preserve it in the long run. Hence, winners should try and invest their winnings so that they can enjoy it for a long period of time.