Is it too much? UK EuroMillions ticket-holder wins £111.7m

The jackpot is only 111M because it's unlikely to win and it keeps rolling over. If you want to win 1M play different games I guess.

You can win £1m on Euromillions with the separate raffle they have with each ticket (the “millionaire maker”).
 
Would they sell more or less tickets?
Much less. Premium Bonds are one of the oldest examples of this. £1m headline-grabbing jackpot lures people in, but unless you put in £5k+ the chances are that you'll get nowt, and for less than £20k you should do better with a savings account or ISA.

That said, I'd accept £1m or £111m!
 
I said people but companies would have been the more accurate word for me to use. There were some companies who lost millions ( i think one lost 10's millions) in SVB. There is also the small start ups who would have been clients at SVB, who could have lost a good chunk of cash.

You are right that for the average person getting £85k back after a bank collapses would be great but considering the topic of the thread not the most relevant example.

Wouldn't be an OCUK thread without Dowie sticking his 2 cents worth in
 
Sometimes the prize for 2 numbers is lower than the £2.50 price for a ticket. An insult
What the probability of getting two numbers? 1/22
That's higher than I was expecting
 
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Winning the lottery is actually a common curse


and


it seems that the money and power goes to peoples head and they seem to destroy themselves

I don’t blame them. Most people have no idea what to do with all that money.

worse thing is , even if you don‘t go public with your winnings people will find out you won any way. And everyone ( no matter how two faced they are ) You knew will ’suddenly ‘ want to become your best friend regardless of how much you
Hated them previously. Then you will get the constant scrounging loafers demanding money for problems that have suddenly come out of thin air

I don’t play lottery because you have more chance of being struck By lighting whilst being eaten by a shark whist finding a four leaf clover in the same day than winning the big one

but if I did I would buy a island in the middle of nowhere and become a hermit . hopefully no one will find me there

That's hardly surprising when you consider how little financial sense the average Brit has. Winning millions doesn't suddenly make you wiser. I'd assume in most of these cases these people didn't hire a financial advisor, or went against all recommendations.

If anyone on this forum won 100 million, would you announce in GD or just turn up in motors with the new Bugatti?

Apart from immediate family I don't think I'd be telling anyone. People's true colours tend to show when money is involved.
 
That's hardly surprising when you consider how little financial sense the average Brit has. Winning millions doesn't suddenly make you wiser. I'd assume in most of these cases these people didn't hire a financial advisor, or went against all recommendations.



Apart from immediate family I don't think I'd be telling anyone. People's true colours tend to show when money is involved.
Would be very difficult to keep a lid on. How do you spend money without other people realising? You'd be quitting your job, moving into a huge house.

You'd probably lose your friends unless you gave them money. Your family will tell other people too.

Best thing is to just leave the UK and start over.
 
That's hardly surprising when you consider how little financial sense the average Brit has. Winning millions doesn't suddenly make you wiser. I'd assume in most of these cases these people didn't hire a financial advisor, or went against all recommendations.



Apart from immediate family I don't think I'd be telling anyone. People's true colours tend to show when money is involved.

talking of this, are any of you old enough to remember andy carrol, the person who won 9 million on the lottery in 2002 (not the footballer)


blew his load in a matter of years, now back to delivering logs

no idea how you can mess up a win so badly
 
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In terms of the lottery i am always planning to win the big ones, 60 mil plus, so I would be very happy with 100mil+!
The way I think of it is, 1 or 2mil wouldn't change your life very much, you would be materially a bit more comfortable, bigger house, nicer car, nicer holidays etc. You need to have 10s of millions to see a big shift in lifestyle.
 
Anything up to about £2 million wouldn't really change anything because id still need to work for a longer term period other than maybe retiring at 60 instead of 70.

After that then it would be more about not having to work and living off interest from the winnings comfortably.

If it was in the larger figures as the OP then I'd be sorting out my family and close friends with a little and then splitting what I'd got left over a 45yr even split. If every 3rd year I had some extra built up from underspending I'd take family on a big holiday or whatever.

Keep within means, plan, organise and track what you spending closely and you can still enjoy yourself with it without loosing control.
 
If I won that amount of money, I would help out a few friends who can buy their children a home outright. The friends have their children and grandchildren living with them. So able to buy a house they can call home for their children/grandchildren and able to live better themselves.
 
As sad as it sounds, in my thirties a million quid wouldn't really be life changing. It'd provide some financial security - i.e. paying off mortgage. But by the time you've bought a nice car and maybe a few luxury holidays it's pretty much gone - and the car will have an upkeep cost. So really it's just pay for the mortgage, a few smaller luxuries, and then invest the rest for retirement.

I get what you mean, there’s “life changing” and “Life Changing”, but £1m would see me mortgage free on two properties with some investment/play money left over, before I’m 40 — that’s pretty life changing as far as I’m concerned.
 
Another nope, good luck to the winners.

I'm sure wouldn't complain if you won! The big question - If you felt so strongly about winning too much - once those funds hit your account - how much would you share, donate to charity?

Money changes people, I've known family members/friends where a healthy probate/windfall has shown their true colours.
 
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Money changes people, I've known family members/friends where a healthy probate/windfall has shown their true colours.

Oh, indeed it does. The best example of that is when someone dies and leaves a reasonable sum of money.

What I find fascinating is the way that people always justify in their own minds why they should get more than anyone else.
 
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