So what is it that UK millionaire jackpot winners spend their money on when their numbers come in? A survey by Camelot and Oxford Economics has shown how the £8.5bn won in the National Lottery has been spent. The most popular area to spend lottery wins on is property – with more than £2.72 bn being spent on a main property by winners. Next on the list is investments, both current and those made for the future and for winners’ children. Most winners also show themselves to be generous, with £1.17 bn being spent on gifts for family and friends.
The majority of winners have given up work when they’ve won the lottery, although 19% have carried on working. However, 31% of winners take up some unpaid voluntary wok. Some lottery winners use their win to set up their own business (15%) and 9% have helped set others up in business. Businesses owned by lottery winners now employ 3,195 people.
Room for some treats As well as buying a new home, many winners installed gadgets and luxury items in their new pads, including hot tubs, walk-in wardrobes and games rooms. Almost a third of winners employed a cleaner after their win and a quarter employed a gardener.
More than £460m has been spent on new cars with favoured brands including Audi, Range Rover, BMW, Mercedes and Land Rover. Lottery millionaires have purchased 17,190 cars in total. Holidays are another luxury that lotto winners treat themselves too, with the US being the favoured destination, followed by the Caribbean, Dubai and the Canary Islands.
When you buy a lotto ticket, you’d better start drawing up a list of how you’d spend a jackpot win – you never know, it could happen to you!
*This is a collaborative post.
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