history was sold in South Carolina in 2018 and totaled $1.537 billion.įor the latest news, weather, sports, and streaming video, head to The Hill. The largest Mega Million jackpot ever won in U.S. Just last year, a lottery ticket purchased in Michigan led four people to win $1.05 billion. The next drawing is scheduled for Friday. However, to the average American it may still be tempting to test out one’s luck - especially after the Mega Millions jackpot hit $1.025 billion, the fourth-largest prize in U.S. Some of the first research conducted on lottery winners was published back in 1978 and that also found no statistically significant differences between lottery winners and non-winners in terms of happiness. To be satisfied with your life, on the other hand, is perhaps more about having what you think you can demand of life,” said Lindqvist.Īn infusion of cash may help people with their personal finances, but it may not affect how they feel about other aspects of their life, like health or relationships with friends and family. “Exactly how people evaluate their happiness we cannot know, but I would think that it is strongly related to how they feel at the moment. Happiness is notably different, as researchers explained that it’s a concept that differs in interpretation from person to person. Lindqvist’s team found clear evidence that wealth improves people’s evaluation of their lives as a whole- suggesting that improved financial circumstances is an important component behind increasing people’s life satisfaction. But it does not affect how you feel about other aspects of life, such as your health, or your relationships with friends and family,” said Erik Lindqvist, one of the researchers behind the study.
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“We find that winning large sums of money strongly affects how content you are with your personal finances.
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Those are findings that researchers from New York University and Stockholm University in Sweden came to after studying over 400 people who had won lotteries in Sweden from 1998 to 2011.Īmerica is changing faster than ever! Add Changing America to your Facebook or Twitter feed to stay on top of the news. But dont let the small market size fool you, she has big market experience. However, the effect on a person’s happiness and mental health after winning a lottery is more mixed, with research showing increases are usually smaller and not statistically significant. Caitlin started at KSHB 41 in June 2020 and came to us from Central Illinois where she was an evening anchor at WEEK. For the lucky few who do manage to snag a winning ticket, they will likely experience an increase in life satisfaction that can persist for over a decade, with no evidence of that decreasing over time.