How Do People Initially Spend Their Money After They Win The Lottery?
So you’ve just won more money than you know what to do with and are faced with the question, “What do you do first with all this money?”
You might be surprised to find out that a little more than half of all lottery winners do the same thing.
A Lottery operator survey found that half of all lottery winners move to a new home within three months of winning. 24% of them get a house in a gated community, and 9% get a place that’s on a river or lake.
After a new place to live, home improvements were the next most popular way to spend money. 29% got a hot tub, 28% put in a walk-in closet, 22% installed a game room, 16% got a gym and 12% put in a bar.
30% of people hired a cleaning person, while some decided for a pet with 22% of lottery winners got a dog but only 4% got a cat.