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The dark side of winning the lottery

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  • Description

    Past winner shares jackpot story

  • Duration 2:59
  • Date

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Are -- Casey Mississippi is where their working numbers and last night I.

Million dollar powerball jackpot.

-- did you wind gosh I hope so.

Well if you're one of those lucky winners our next guest says be careful before you go spend and all that cash and a lot more right so for the winners pay attention -- -- -- are over and Arizona.

Stephen white one over 200 million dollars in the powerball drawing back in 2000 war he joins us this morning Stephen.

Looking back -- living that moments are you glad you won.

Yes very much I'm very happy that I won.

But it's not what the average person would expect to have happen why in every way.

Well you know the very few people are are very if they're ill equipped to handle a 200 million dollar business overnight.

And that's essentially what happens.

And didn't you know you -- come from your daily walk of life and then in the blink of an -- You're managing a 200 million dollar business.

And what how did you do managing that business I managed I see you that you immediately got a lot of people writing you letters asking for a lot of that money.

Yeah there was within two days there was 101000 pieces of a deliverable mail at my local post office.

Asking for money and you know probably about 500 actually spent money to find out where I lived in sent me a FedEx and asked for money.

You know but it.

Thankfully I had great financial advisors around me as I do to this day.

Who are just you know my Guiding Light at the -- -- -- I mean the scary thing is this -- people don't think about you hired security.

To make sure that your family was -- You also paid money to members of your family is true that -- gave them money they no longer speak team.

That is correct and why that is correct.

Well because I guess in their minds that wasn't enough.

You know -- it's.

It's more often -- case that people they just don't they make people change when they when they can deal that you are when they know that you've won the lottery and I mean I had a person tell me straight to my face that they couldn't stand the sight of me anymore and I've known that person for 25 years.

Well money can money buy real quick can money buy happiness.

No absolutely not if you're not happy before the money you certainly will not be happy after the money that's a fact.

I get a documentary a few years ago and gentlemen in the documentary.

Made this reference about another -- winner who lost everything.

And he said winning the lottery is like throwing Miracle-Gro on character flaws.

And empathy you know and got nothing could -- work.

You know it's just it's it's a problem well ST we're happy you joined us and that was for for -- Stephen white thanks so much.

My pleasure and I certainly feel -- union in losers right I feel I've never been happy to be a loser I yesterday.

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