With the Powerball lottery jackpot sitting at a near-record $1.2 billion on Tuesday, November 1st, 2022, it’s only natural to start daydreaming about what you would do with all that money.
But before you start making plans to quit your job and jet off to Bora Bora, and have a coffee with Bezos, it’s important to understand that winning the lottery isn’t always a positive experience.
In fact, there are some very real downsides to taking home a massive jackpot such as Powerball.
I’m not talking about “only” $100,000 here. Of course, I would love to win that and nobody would care about me still, but we are talking about more than a billion!
Here are four reasons why you might not want to win the Powerball lottery after all.
1. You’ll Be Bombarded with Begging Calls and Emails
If you win the Powerball lottery, get ready for your inbox and voicemail to be flooded with requests for money.
Not only will friends and family members who you haven’t heard from in years start coming out of the woodwork, but complete strangers will also begin reaching out in the hopes that you’ll be generous enough to help them out.
It can be extremely overwhelming — and even a little scary — to suddenly have all these people vying for your attention and money.
2. Your Privacy Will Be Gone
Once you win the lottery, say goodbye to your privacy. News of your good fortune will spread like wildfire, and before you know it, you’ll have journalists camped out on your front lawn and paparazzi following you wherever you go.
If you’re not careful, it’s easy to get caught up in the glamour and excitement of it all and forget that playing it too public can be dangerous.
This is only ONE of the thousands of stories out there. Huffington Post talked about that also with some horrible stories.
3. You Might Go Broke
While it might seem like winning the Powerball lottery is a surefire way to become instantly rich, that’s not always the case.
Just ask William “Bud” Post III, who won $16.2 million in Pennsylvania’s Super 7 game in 1988 but ended up bankrupt just seven years later after blowing his entire fortune on bad investments, lavish gifts for friends and family members, luxury cars, houses, and prostitutes.
This is an old story, but just Google the keyword: “Powerball winner bankrupt” and you will see for yourself.
If you’re not careful, it’s very easy to go through a lot of money very quickly — especially if you have no experience handling such a large sum of cash.
4. Karma Is a B$tch And It Might Hit You Back Bad
You might have done bad things in your life, don’t lie! Some were not legal at all, some were in the grey-zone area but all of them got forgotten as if nothing happened.
I’m pretty certain we all have an extensive list altogether here.
But when you were young, the only thing that seemed to matter was having fun. You could be whoever or whatever made your heart happy without worrying about what other people thought – even if they weren’t always kind about it!
Now, a Different Ballgame in 2022
However, like politicians and stars that rise, some people make a living to dig down the rabbit hole and get you in trouble.
Once they have what they want they will blackmail you and ask for money and will expose everything to the public.
Have you cheated on your wife before? Did you hurt a little kitty when you were young? Do you have a mental disease? Did you force-kiss a girl back in highschool?
Imagine all these being exposed! To your family, public, and social media.
Frankly, this is what I personally would fear the most. AH.
So there you have it: four reasons why winning the lottery might not be all it’s cracked up to be.
Of course, this isn’t to say that there aren’t any positives to taking home a big jackpot — but it’s important to understand that there can also be some very real downsides as well.
Before buying a ticket, make sure you weigh both the pros and cons carefully so that you can make an informed decision about whether or not playing is right for you.
…and if you win 1.2B, before even thinking about talking about it, hire a lawer, hire bodyguards, hire an accountant and brace for impact!