London, October 22: For a new study, researchers have analysed what are the things people spend on after winning a lottery.
While most people winning more than 1 million pounds would automatically give up work, almost a fifth kept their job.
One in 10 used some of their jackpot to purchase a caravan, one in three bought a hot tub, while 32 percent still didn’t splash out on five-star accommodation while on holiday.
About a third gave back to society through voluntary work.
Of the 3,000 millionaires’ combined winnings of 8.5 billion pounds since the lottery started in 1994, 4.74 billion pounds has been spent, with the remaining 3.74 billion pounds invested or saved for a rainy day.
The study by experts at Oxford Economics suggests that the lottery-created tycoons have also been a wider force for good, with 98 percent of their spending being in the UK. As a result, each winner’s spending would keep six people in a full-time job for one year.
“The effect of a win spreads much further and wider than we anticipated,” the Daily Mail quoted Andy Logan, author of the report, as saying.
Winners have purchased 7,958 homes with their cash, an average of 2.7 properties each. They have also paid off the mortgages of 3,700 friends and families.
Eight in ten jackpot winners buy a new main home, spending an average of 900,000 pounds.
28 percent have a walk-in wardrobe, 22 percent have a games room and one in four live behind electric gates.
More than one in seven of the 3,000 have started their own business. Firms owned by the winners employ some 3,195 people.
The winners have spent 463 million pounds on cars, with Audis and Range Rovers most popular.
Holidays accounted for 21 million pounds. The US was the most visited country, ahead of the Caribbean, Dubai and the Canaries. (ANI)