You know how I love to look at lottery winners. Statistically, they don’t stand much of a chance of holding on to the cash when they win. Many, many lottery winners end up losing it all. It’s not hard to explain, really. Managing your money isn’t easy. Most people don’t get the idea of money making money for you. In my case, if I won, I’d never touch the principal and would only live off the interest it generated.
Well, the latest mega millions lottery winners seem like they have even less of a chance of hanging on to their money than the average winner. Holly Lahti is one of two winners of the huge $380 million jackpot from a couple weeks ago. Her share of the prize is $190 million. She should get about $90 million once taxes are paid.
Right out of the gate it looks like she’s going to have to split that $90 million with her estranged husband Joshua Lahti, who she has quite a history with. Even though they are separated, under Idaho community property law, he’s probably entitled to half. With their history of arrests and suspected drug use, it’s not hard to see how they are sure to struggle with this massive windfall. It will be interesting to watch the news for them over the next few years. Of course, I hope that it can be used to turn their lives around and really impact them positively, but the cynic in me can’t help but look at all the the previous horror stories of unsuccessful lottery winners.