Tag Archive: lottery taxes

Winning a huge sum of money from gambling is the dream of virtually all gamblers. For many, it's the sole reason they purchase their weekly lottery tickets or spin the reels of a casino slot machine. But imagine what you would do with all that mullah? Many winners simply blast through it in no time at all. Leaving them with nothing but debts. So it's essential you do some financial planning with a tax adviser and accountant. Use it to plan your way to a better, brighter and more secure future.

We have all read stories about the effects that winning huge sums of cash via the lottery can have on the winners. Suddenly, their lives become a crazy adventure of mass spending until, not only is all the cash gone, but they often end up with serious debts. As a minor criminal, Ronnie Music jr thought he could turn his life around after winning £3 million. So rather than spending recklessly, he "invested" in a new business. Which was very responsible. Unfortunately, he chose the meth business!