While you might be playing the lottery consistently and hoping to win, a loss might be a blessing in disguise! Here are five reasons not winning the lottery might be the best thing that ever happened to you.
Increased Risk of Divorce
The number one reason couples get divorced is money. It doesn’t have to be too little money either. There are plenty of marriages that end when the bank account is full. Luckily, if you don’t win the lottery you’ll never have to find out if your marriage would have fallen apart because of your win.
Astronomical Tax Bill
Winning the lottery might have you feeling all kinds of excited. But, have you ever considered how much of that money will go to taxes? One of the most recent jackpots won had a federal tax bill of over $100 million. That does not include any state taxes that might also need to be paid.
No Guaranteed Anonymity
The fact that you could win the lottery and everyone in the entire world would know your name is kind of a scary thought! The privacy you have now would likely never exist again. An article written by Gabrielle Olya for gobankingrates.com elaborates by saying, “Only six states — Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina — allow lottery winners to remain anonymous. In the rest, winners’ names are made public, leaving them vulnerable to being sought out by greedy strangers. One extreme example of this is the case of Abraham Shakespeare, who won $31 million in the Florida Lottery in November 2006. After he won, he was approached by a woman named Doris “Dee Dee” Moore, who claimed that she wanted to write a book about him, the Associated Press reported. Moore eventually got him to trust her to manage his money and allegedly swindled him out of his remaining winnings. She was later found guilty of murdering Shakespeare.”
Won’t Have to Manage the Money
In all honestly, managing a sum of money that large is a full time job. There are so many details that need to be in order before you should feel comfortable spending a dime. First, you have to find someone that is capable of managing such a large sum. Second, you have to find someone you can trust. Mismanaging funds of that size is unfortunately a common occurrence.
No Help Requests
When you win the lottery, friends, family members and acquaintances tend to come out of the woodwork needing help. It’s a problem many lottery winners have reported experiencing. As soon as you have your money, difficult financial issues arise for those you know. It takes a lot of time and effort to sort through legit claims and decide if/why you’re willing to help. It also means having difficult conversations and possibly ending friendships if you turn them down.
Winning the lottery might sound amazing. However not winning could be even better.