Ever think of getting a lottery ticket? When we all hear the word lottery we all think of something good, right? It usually means you acquire money when you win the lottery, well, a kind of easy money to make if you got the luck. The moment that you find out you have won the lottery, your life will never be the same again, which makes us all wonder, what are the biggest lottery wins in the UK?
A remarkable 2019 for UK players was capped with the country’s biggest ever win on October 8, when a single ticket holder swept £170 million. The player matched all five main numbers – 07, 10, 15, 44, 49 – and the two “lucky stars” – 03, 12 – in that day’s draw. The ticket- holder made his claim within 48 hours and the National Lottery later revealed they had decided to remain anonymous. This is by far the biggest win surpassing Colin and Chris Weir from Largs who won £161M on EuroMillions in 2011. Another UK participant who had won £123 million in June, after the year started with Frances and Patrick Connolly winning £114 million.
Winning this one in a million chance game is surely one of the most jaw-dropping moments of your lives. As soon as the winning ticket is verified and the ID of the winner confirmed, the Lottery can pay the winner their money on that same day. Note that winning this lottery is tax- free but if the win produces an income through interest, then that will be taxed as part of your normal income tax.
The lucky winner can choose the bank they would like to deposit the money with, but a brand new account with that bank is set up – usually with an exclusive arm of that bank who specialise with dealing with huge amounts of money of this kind. However, once the money is paid into the preferred bank account, it takes two days for the money to process before it can be withdrawn. This means that you have to wait three days before getting the money and actually being able to spend the cash.
From the moment you realise you’ve won and actually getting the money, what is the first thing you would do? Quick- spending? Buy properties? Or secure it? Many of these fortunate players are very conservative because they have been blessed with a huge amount of money and they want to protect it. They may have chosen to spend their cash on new houses, cars, holidays, and on their family and friends.
The lottery isn’t just a simple gambling game. It’s a one ticket away to all of the luxuries of the world, and all you have to do is to win it all with just some luck and good karma. If you find yourself in the almost impossible-to-imaginable situation of having a winning lottery ticket, all of your dreams and aspirations could be achieved. All of the worries would be a thing of the past. The old saying money can’t buy happiness doesn’t seem to apply in our times where there’s a price to pay on everything.