Case Study on Lottery Winners:

Make Your Money Work Better or Bitter

for You

The odds of winning the Mega Millions or Powerball are slim — but the odds of your life devolving
into chaos if you somehow pull it off are actually quite good.

Most lottery dreams share a few common themes: yachts and lobster tails, big tips, fast cars, the fast
life and a mansion for mom. In reality, instant entry to the nouveau riche class has a way of
wrecking friendships, destroying marriages, ending in bankruptcy or worse.

Winning the lottery might seem like a dream come true, but mountains of unearned money are
irresistible to greedy and resentful friends and relatives, con artists and charity cases, who scurry
out of the woodwork to grab as much of it as they can. In other cases, it’s the lottery winners
themselves who can’t get out of their own way — reckless spending, giving, partying and gambling
leave some worse off than they started. Read on to learn about the hardest-luck cases of lottery loss.

Jack Whittaker

In 2002, Jack Whittaker won a $314 million Powerball jackpot which, at the time, was the biggest
lottery prize in history. The West Virginia construction worker, known for his outsized cowboy hats
and even bigger personality, remains one of the most extreme cautionary tales about the lottery’s
power to ruin lives. Whittaker reveled in the ability to give handouts, which he did until the money
ran out, donating stacks of cash to churches, diner waitresses, family members, strangers and his
local strip club.

His life turned to turmoil, according to ABC News. His wife left, his house burned down, he ran afoul
of the law, he lost a daughter to cancer and a granddaughter to drugs. In 2020, Whitaker died at the
age of 72.

Lara and Roger Griffiths

Lara and Roger Griffiths’ marriage ended in divorce less than a decade after the British couple won
a $2.19 million jackpot. Roger chased his rock star dreams and spent big bucks for his band to
release an album. Lara got a taste for the high life as the couple paid for exotic cars, an expensive
house, designer clothes and accessories, and a pricey private school for their daughter.

They dumped hundreds of thousands of dollars into opening a salon, where Lara later worked as an
employee to make ends meet. In the end, the couple was left with less than $10.
David Lee Edwards

Five years after Kentucky resident David Lee Edwards won a $27 million jackpot, he was penniless
and living in a storage shed with his wife. The couple squandered their fortune on the typical
goodies that sink so many lucky winners. They bought dozens of high-end cars, mansions and a
plane.

They blew through $3 million in the first three months. By the end of the first year, $12 million was
in the wind. By 2006, the couple had spiraled into drug addiction, and just 12 years after the win
changed the course of his life, David Lee Edwards died alone and broke in hospice care at the age of
58.

Mickey Carroll

Mickey Carroll was only 19 when he won a British jackpot that sent him into early adulthood with
the equivalent of $11.8 million. The media dubbed him the “Lotto Lout” as the young winner tore
through his newfound fortune with astonishing speed. Much of it went to drug-fueled partying, with
the rest wasted on jewelry, cars and other materialistic excesses.

In 2016, he was earning a few hundred dollars a week working in a slaughterhouse. In 2021, he
remarried his ex-wife, who left him for cheating with prostitutes during his high-rolling heyday,
according to the Mirror.

Callie Rogers

Callie Rogers was another lucky Brit who cashed in big at a very young age, but she was even
greener and less prepared to manage her money than Mickey Carroll. When Rogers won the
equivalent of $2.3 million in 2003, she was only 16 years old.

A decade later in 2013, she had only around $2,500 left in the bank. She torched through the
winnings due to drugs — Rogers dropped about $300,000 on cocaine alone — as well as plastic
surgery, high-end clothing, gifts and partying.

Britain’s youngest lottery winner was later banned from driving after crashing her 4×4 during a
police chase while she was high on drugs. In 2021, the Daily Mail Reported that Rogers was
penniless and living on government benefits at the age of 33, 18 years after striking it rich.
Name: ____________________________________ ____ Date:________________

Course/Year/Section: _____________________ Score: ______________

Directions of Assessment: On the space provided, answer the following questions

with honesty and integrity.

Give out your point of view (essay type) on every term/terms below based on the
reading of the Lotto Millionare’s Case Study

1. Personal Financial Decision Making

2. How The Economy Affects Their Personal Financial Success/Failures

 3. Financial Responsibility

4. Make Your Money Work Better or Bitter for You

Rubrics for Essay: *50% Content *30% Organization of Ideas *20% Grammar and Use of Words = 100%