With Half A Billion Up for Grabs, Past Winners Left Not-So Fortu - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

With Half A Billion Up for Grabs, Past Winners Left Not-So Fortunate After All

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COLUMBIA, Mo. (AP) - There's a half-billion dollars up for grabs tonight and all it will take is a $2 Powerball lottery ticket and a boatload of good luck.

But past big money lottery winners warn that there's a downside, including others' greed, lost friends and an emotional roller-coaster of joy, anxiety, guilt and distrust.

Past winners of mega-lottery drawings and financial planners have some more sound advice: stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster.

Experts also say psychological planning is as important as financial planning.

Tales of big lottery winners who wind up in financial ruin or other desperate straits are increasingly common.

A two-time New Jersey lottery winner squandered her $5.4 million fortune. And a West Virginia man who won $315 million a decade ago on Christmas later said the windfall was to blame for his granddaughter's fatal drug overdose and his divorce.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Pulse Poll

  • How often do you play the lottery?

  • Thank you for participating in our poll. Here are the results so far:

    Every time
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    38 votes
    Once a month
    7%
    17 votes
    Every couple of months
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    Only when there is a really large jackpot
    65%
    150 votes
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