WINNER: William "Bud" Post III of Pennsylvania
PRIZE: $16.2 million
WHAT HAPPENED: In 1988 Post had less than $3 to his name. He pawned a ring for $40 and gave it to his landlady to buy some state lottery tickets. When he won, he went on a legendary spending spree: he bought a car lot, a restaurant, a mansion, and an airplane (which he didn't know how to fly).
Within a few years, his wife had left him, his brother was arrested for hiring a hit man to kill him, and Post himself was arrested for firing a shotgun over the head of a bill collector. On top of that, his landlady sued him, saying that he'd promised her half of the winnings. She was awarded a third, but Post didn't have it - he'd spent it all.
He had to sell his house, and in 1992 auctioned off his 17 remaining lottery payments ($500,000 a year) for $2.65 million. He then proceeded to lose that sum in a series of business blunders and finally declared bankruptcy and lived the rest of his life on a $450-a-mont disability check. He died in 2006 at the age of 66, having said, "I was much happier when I was broke," and adding that he was sorry he ever won the "Lottery of Death."
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