Another Lottery Winner Files for Bankruptcy in Florida

The Orlando Sentinel reports another lottery winner filed for bankruptcy after winning a $1 million lottery jackpot. A Seminole County jury ordered the former school teacher Lynn Anne Poirier to pay her boyfriend $291,000. Poirier took a one-time lump sum $750,000 payment and claimed that there wasn’t an agreement to split the jackpot but a six-member jury concluded that “the two had a valid but unwritten contract to split any major lottery jackpot.” Past studies have shown that lottery winners often become estranged from family and friends. According to a 2015 Camelot Group study, 44% of lottery winners were broke within five years. The Certified Financial Planner Board of Standards also found that nearly a third declared bankruptcy and were worse off than before they won the lottery. (orlandosentinel.com)