A local financial expert recently shared real stories about lottery winners involving lawsuits and hitmen and explains how most lottery winners have to declare bankruptcy within a few years of winning.
Someone who bought a Powerball ticket in California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize.
Once a winner of the record Powerball jackpot is declared and claims the prize, a more interesting question arises: What happens to all that money and the supposedly lucky ticket holder? As research shows, it’s often not what you’d expect.