1. Many lottery winners suddenly find themselves with much more money than they are used to after winning large jackpots, sometimes in the hundreds of millions. However, financial experts warn that two out of three winners end up spending all their winnings within five years and may have more problems than before winning. 2. Lottery organizers employ counselors to help new winners manage their wealth wisely through financial advice and planning. However, some winners do not use their money sensibly and get into difficulties. 3. Michael Carroll from England is an example of what can happen when winners do not manage their money carefully. He spent all £10 million of his lottery winnings within eight years on an extravagant lifestyle