If you won the lottery, would you go public?

[Frosty6611]

If you won the jackpot on the lottery would you go public? I think i’d just tell my close friends and family and start a new life somewhere.

I would never go public if I won. I would very quietly and discreetly leave my job. Like a previous poster I would resign under condition of absolute secrecy and then go on annual leave never to return. I would look after my immediate family and make sure they wanted for nothing. I would give money to animal charities. I would be able to afford to take a lovely holiday or two and I would retire to somewhere very quiet and rural I.e the Norfolk countryside or Cornwall.

Interest on 60 million would be 50k per month (600,000 pa at 1%). But it would be daft to put it all in savings accounts as technically (in real terms) you would be losing money due to inflation. If you invested most of it in shares, bonds, property etc you should get at least 3 to 4% per annum if you withdrew all the income plus the prospect of capital growth. So £1.8 to £2.4 million per year in income with the capital intact and increasing in the long term (which will increase the income too).

Personally I think these vast sums are ridiculous and it would be better to cap it at a million and find a way to make 60 people millionaires instead of 1 person. Winning a million is still a life changing amount of money for 99% of the population. The odds of winning are also so minuscule that I would prefer a greater chance of winning a smaller amount.

Of course there is also the valid argument that a larger amount means you could change other peoples lives too (family or charity giving) but not everyone does that...

As for going public - hell no. (I don't buy tickets anyway so 100% hypothetical).

I think I'd admit to a smaller win, and that I'd "invested" the money in a business to account for the income. I don't want much, just a decent house and a decent car, plus some money for holidays. Being able to spend £50 on a meal to treat me and DCs without worrying where the money is coming from would be great.

my Nan won £3.8 million in the early days and didn't go public, but she got good support from Camelot.

Now, the stories I can tell about the family ripping itself apart as a result.... that's another thing!

I’d keep it quiet apart from friends and family, as I feel confident that nobody would be weird about it. If it was something huge like the Euromillions rollover, I’d buy a country pile for our family to love going to at weekends and holidays, a fabulous city apartment, and spend the rest of my life travelling, studying and pursuing all sorts of philanthropic adventures. I’d pay off my main group of friends’ mortgages and take us all on a massive holiday, which we do a budget version of every year anyway. I’d take my kids around the world to help to build schools and infrastructure for people, using the interest from the money. I’d love to be a sort of secret millionaire type going around helping people! I wouldn’t continue work as I would like the freedom to relax sometimes, but I would do projects that benefit communities and get stuck in with passion projects and studying. Ohhh I’m in the fantasy now