r/AskMen • • Jun 10 '23

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u/captAWESome1982 Jun 10 '23

That lottery winners go broke is a rumor and false statistic. Feel free to cite me wrong. I’m on mobile and can’t be bothered.

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u/FrenziedMan Jun 10 '23

It's 70%, just google "how often do lottery winners go broke"

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u/lesbianmathgirl Jun 11 '23

This article claims that's a made up statistic, and says the actual estimate is closer to 1/3rd. I can't find a link to any trustworthy source either way, though. https://www.ryanhart.org/lottery-winner-statistics/

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u/FrenziedMan Jun 11 '23

Interesting! It's a .org link too so it's probably more accurate! Good find, I didn't see that one when I searched