EuroMillions: Millionaires’ Families Come First

Over the summer, the National Lottery, in collaboration with Oxford Economics, conducted an exclusive survey of the millionaires it has created since its conception in 1994 and what they have done with their winnings.

 

It’s a great read with some really interesting results, some of which are completely unexpected.

In an effort not to overload you with statistics, I have chosen to focus on a small proportion of the facts. In particular – one of the most interesting facts highlighted is how the winners distributed their newfound wealth amongst themselves and their family and friends.

Here are some interesting facts the survey bought to light:

More than just 3000 Millionaires?

·      Lottery winners have, so far, spent £1.615 billion on investments for the future/children.

·      510 millionaires have been directly created by Lottery Millionaires’ generosity of giving (excluding gifts given to their children).

·      3270 children of winners are already, or will be when they grow up, millionaires as a result of their parents’ win.

That’s a fantastic amount of millionaires made. The spread of wealth to children and family is something I didn’t think about before reading the report.

To put this into perspective, the £1.615bn spent on investments for the future/children money is the equivalent to what it would cost to raise three quarter of a million British children (according to the Guardian’s estimate that the average cost of raising a child to the age of 18 is £218,000).

Family matters dealt with

·    National Lottery Millionaires have spent £1.17 billion on gifts for family and friends.

·    3000 millionaires have paid off 3700 mortgages of family and friends

·    390 winners gave their previous home to a friend or family member

Oh to be a friend of a jackpot winner! The amount spent on gifts for friends and family is even more surprising, when you consider that the amount Lottery winners’ have spent on large items for themselves (such as cars and holidays) only amounted to £680 million.

As the National Lottery research suggests, winning a huge jackpot means financial freedom not only for the winners themselves, but also for their friends and family.

During these tough economic times, having the opportunity to help those around you is a definitely not an opportunity to be missed.

As 1 in 4 jackpots is won by lottery syndicates it’s no surprise people boost their chances of winning by playing as part of syndicate. We can offer you the chance to play in the next EuroMillions or Lotto draw for free. All you have to do is join one of our syndicates and hope those winnings numbers to come up. Who knows, you and your family could be holidaying in Barbados this Christmas.

It’s worth a try, isn’t it?

Try for free now!