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Do you ever wonder how lottery winners spend their money or how many lottery winners use their prize to make investments?
Well, in this article we are going to learn about 10 lottery winners who invested their money wisely as well as about the lucky Irish Lotto winner who won $5.3 million on the Irish Lottery at Lottoland.
John and Lisa Robinson – Powerball jackpot - $327.8 million
In 2016 John and Lisa Robinson, from Tennessee, hit the Powerball jackpot and won $327.8 million.
John and Lisa decided to invest in real estate and now live in a lakeside home in summer. Their new luxurious home has 10-bedrooms, eight bathrooms, a movie theatre, wooden jetties complete with stunning dining furniture, and 320 acres of land in the gorgeous Tennessee countryside. They even have their own private lake!
If you think this stunning home made an ugly dent into the Robinson’s lottery prize, you may want to guess again. The $6.2 million price tag they paid for their new mansion cost them just over 1% in the Robinsons’ vast Powerball winnings.
Despite living in such a luxurious home, they have decided to keep a low-profile life and are still super rich.It just goes to show, that even when you think a lottery won’t change you, it will, but it’s not always in a bad way. Good things are possible with a lotto win and as long as you remain sensible with your winnings.
Lerynne West – Powerball jackpot - $343.9 million
Lerynne West hit the Powerball jackpot in 2018 and walked home with $343.9 million. She was a single mum of three from the United States, West used to work with an insurance company before her big win.
She donated $500,000 to the Travis Mills Foundation and established a charitable organization called Callum Foundation.
Her charity continues to offer financial support to animal welfare, veteran affairs, health, and education.
Brad Duke - $220 million
Brad Duke in another extremely clever lottery winner. Brad developed a lottery number structure by going back over 6 years and analyzing the numbers that were the most popular. He formed them into a system pattern. He then played these same exact numbers - week after week - consistently for four years. Until he won.
After taxes he received $86 million. However, Brad wanted to be a billionaire. So, he put together a financial team with the intent to reach and maintain a $1 billion status.
After winning the lottery, he did indulge in a few fun things. He bought a new car - a used black VW Jetta, made a yearly present to all family members, paid back his student loan, took a trip to Tahiti with 17 of his buddies, bought new bicycles, including a $12,000 BMC road bike, and paid off his mortgage on his 1,400-square-foot house
After this is when he got into serious investing. He invested $1.3 million to set up a family foundation trust. He then spent $35 million in investments in oil, gas and real estate. Finally, he spent $45million on safe, low-risk investments like municipal bonds.
While his investments are working for him, Brad started a family foundation for children, and for fun he pedals a sophisticated road bike.
Cynthia Stafford - $112million
After her $112 million California Lottery win in 2007, Cynthia became a successful businesswoman and philanthropist.
She first shared some of her winnings with her brother and father. Soon after this she invested the rest in real estate properties and her new business Queen Neferatri Productions LLC.
Cynthia Stafford now currently has an estimated net worth of $10 million.
Jason Fry - $14million
In 2007 Jason Fry scooped $14 million up from the Florida state jackpot. He chose to invest in and become the owner of a successful battery business.
He did purchase his favourite car, had fun with friends and then after having fun he invested the rest.
He bought a Golf World 2 driving range with a partner. On average it annually generates about $300,000 in revenue. However, this wasn’t enough for Fry, and he wanted to invest his winnings even further.
So, he then acquired a Fort Myers based Batteries Plus store and three others. His batteries business alone has made him a household name in Florida, and Fry has even more ambitious plans to expand and bring in more revenue.
Peter Lavery £10.2million
Mr Lavery, a former city bus driver, became Belfast’s 1st millionaire Irish lottery winner after winning a massive £10.2m back in 1996.
He reinvested his winnings in a whiskey distillery and other properties. He expanded his whiskey investment into a partnership with Cooley Whiskey Distillery and make the Danny Boy brand.
Since then, Pete has gone on to more than triple his winnings worth and now has more than 30 properties spread across Northern Ireland.
Since then, he has put his newfound wealth and status to good use by setting up and raising money for a string of local charities. These include the Northern Ireland Children’s Hospice, and the Northern Ireland Chest, Heart and Stroke association. He has also set up the Rita and Charles Trust in memory of his beloved parents.
Sue Herdman - £1.2million
Just a few weeks after a fortune teller predicted she would come into money, hairdresser Sue Herdman, won £1.2 million. Spending the cash on luxury items just wasn’t for her. Instead, she decided to become a pig farmer. Although she is often knee-deep in mud, she has never been happier. We can only conclude this is not the usual life of a millionaire.
She now owns a pig farm in northeast England and has over 7,000 pigs. On average, about 1,000 piglets are born weekly, a massive, far more reliable, and consistent jackpot for her.
Yancy Hicks - $1million
Yancy won the lowest actual winning lottery amounts out of all the lottery winners in this article. However, he still made the most he could get out of his comparably modest $1 million lottery win.
He purchased and is now the proud owner of a Subway restaurant that earns him a stable income. His investment has still set him to continue earning passive income into the future!
Definitely a smarter move than spending all his winnings on materialistic goods.
Mark Brudenell - £900,000
Mark Brudenell won the lotto jackpot of £900 thousand in 1997. He owns a five-bedroom family home in Stockton on tees England.
When he won the lottery, he was driving a chemical tanker. He also was manager of a local bakery. Four years after winning the lottery he used most of his winnings to set up a business. Mark and his wife have been running a double-glazing business for the last 13 years.
However, they also bought themselves a great home as well as some lovely cars – as they should!
Richard Lustig – seven-time lottery winner
Richard Lustig, now the author of Learn How to Increase Your Chances of Winning the Lottery won the lotto seven times, cashing in a jackpot of over $1,000,000!
His first win - which comprised of $10,000 - came in 1992, which was just two weeks after his child was born and he used it to pay hospital bills and fix up his house. Ten years later, he won four more lotto’s when he won his fifth one, and it was the most impressive one yet – a whopping $842,000 windfall!
Lustig doesn’t believe it’s due to pure luck, and he follows these rules to maximise the chances of winning: research and see if your numbers’ have won before, select you sets of numbers and keep those if you continue buying tickets, and finally buy as many tickets as you can afford (responsibly of course).
Become the next lottery winner with Lottoland
50-year-old Mr Logan from the North East scooped $5.3million, making him the largest Irish Lotto winner in the UK.
A quick pick bet was all it took to turn Mr Logan into the latest Lottoland multi-millionaire and the new record-holder as largest Irish Lotto winner in the UK.
Ultimately, winning the lottery is all about going the extra mile. However, to significantly boost your odds of winning, you need a lottery that makes it easier for you. The Irish Lotto does just this by maximising your chances of winning with the lower odds and the chance to win 3 amazing jackpots!
Those who bet on the Irish Lotto have better odds of winning compared to those playing the UK Lotto. For the Irish jackpot, you have a 1 in 10.7 million chance of winning!
If you are from the UK and feel like you are missing out, don’t worry!
If you want to see whether you can get some of that Irish luck, then try a bet with Lottoland today from wherever you are in the UK. Draws take place on Wednesday and Saturday evenings, giving you two chances to bet and win big on Ireland's favourite lottery every week.
So, now that we have learnt some ingenious and creative ideas on how to invest lottery winnings and know how to bet on the Irish Lotto online with Lottoland UK – it’s all up to you! Goodluck!
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