Gambling on a Lotto win

Last Updated: Sunday 17th July 2011, 19:15

According to a story in the Daily Express this week, many of us are so financially badly off that we are gambling on a lottery win for our pensions. Yesterday pensions experts warned that millions of people in the UK are banking on either an inheritance payment or a lottery win to fund them into their old age. Pension experts say that these lottery players are risking a poverty-stricken retirement and we have to agree.

Tonight’s Euromillions jackpot is worth a massive £24 million after Tuesday’s rollover, but while one lucky player may walk away with the lot, the draw shouldn’t be banked on for financial security. Odds of winning the jackpot are longer than 70 million to one, and while many us play every week hoping it could be us, the Lotto and Euromillions are no substitute for a good pension plan.

That said, there are millions up for grabs this weekend in the UK, and while we don’t recommend lottery tickets for financial security, we do recommend you buy lottery tickets for your chance at these two bumper jackpots. Tonight there’s a massive £24 million rollover up for grabs on the Euromillions Lottery and if you miss out there, there is the UK Lotto to look forward to tomorrow. The Lotto may not have rolled over, but the £4.4 million jackpot will certainly work out to be a perfect pension plan for one lucky player!

Good luck in the draws, someone has to win, and while no one should bank on the lottery for financial security, someone over the weekend will have no need every to worry again!
 

Written by Chris Brown

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