How Lottery Winners Spend Their Money…
Ever wondered what most lottery winners spend their cash on? In the past 18 years the National Lottery has created 3,000 millionaires. According to a study by Camelot and Oxford Economics, over £8.5 billion has been won since the National Lottery launched in 1994, with the average win coming in at £2.8 million. So what cars, holidays and luxuries do lottery winners go for? A survey of the spending habits of the 3000 millionaires created since the National Lottery’s launch has given us the following insights…
1. The Big House
Unsurprisingly property was number one of the list of lottery winners buys. In total £3.3 billion has been spent by lottery millionaires with each winner owning an average of 2.7 UK properties. The majority (82%) changed their main home and spent on average £900,000 on a new place.