$30.1 Million Lottery Winner Hides Winnings from Family

Posted by DG, Date posted at November 8, 2022

You’re not seeing a prank or witnessing an ad or a gimmick posted on TikTok. It’s for real. A winner wanted to remain anonymous, yet chose the cutest costume to don while he claimed his winnings. He did not want anyone else to know and even took precautions to prevent his family from knowing about the sudden good fortune.

Lottery Winner Wears Costume To Hide $30 Million Winnings From Family
Image source: zhcw.com

The total lotto prize of 220 million yuan — or roughly USD30 million was claimed by the winner in a cartoon costume. The local press was provided with the pseudonym, “Li”, to address them in their reports and also included in their responses that they absolutely don’t want anyone else to know about them winning the lotto.

Li digressed, “I have not told my wife or kid. I am concerned that they might feel superior to other people and will not work or study hard in future.”

Li has felt so confident about his lucky numbers at this particular lotto drawing that he purchased 40 tickets all having the same number combination for each. He purchased the lottery ticket in Guangxi Zhuang province for 80 yuan or USD11.00. The winning payout was 5.48 million yuan or USD 750,000 which was multiplied by the number of winning tickets resulting in a total of 220 million yuan.

winning lottery ticket in china
Image source: zhcw.com

He immediately went ahead and donated 5 million yuan to charity and readily admitted to the press that he still hasn’t decided on what to do with the rest. The total prize money he can take home still runs up to 171.6 million yuan after taxes.

You might also want to read: Another Solo Bettor Multimillion-Peso Lotto Jackpot Wins: 3rd Time this Week

The Psychology of Winning the Lottery: A brief insight

Playing the lotto itself it just a random act of playing a game of chance. If you’re running at a low level of financial wellness, buying a lotto ticket would not seem so suitable. But the very hope of finally having a change of fate — a sudden new leaf that could solve financial difficulties in an instant — is too great of a temptation to resist.

Studies on the psychology of playing the lotto have shown that folks are compelled to buy tickets due to the resistance of processing just how unlikely a win is and we focus more on reasons to think we can somehow win. The perfect example would be, how can one win the lotto without buying a ticket in the first place? 

Melissa Dahl, the co-founder of The Science of Us, described the way winning might make it harder to enjoy everyday life:

Eventually, the thrill of winning the lottery will itself wear off. If all things are judged by the extent to which they depart from a baseline of past experience, gradually even the most positive events will cease to have an impact as they themselves are absorbed into the new baseline against which further events are judged.

See also: How to Play Lotto

Thus, as lottery winners become accustomed to the additional pleasures made possible by their new wealth, these pleasures should be experienced as less intense and should no longer contribute very much to their general level of happiness.”

Another psychologist and contributor to Psychology Today, Robert Puff digressed, “Some of us have our thermostat set to happy. Some are set to depress. Meanwhile, others are somewhere in between. When we experience a major event, say winning the lottery or becoming paralysed, our thermostat may temporarily swing up or down. But over time, it returns to its usual setting.”

Image source: zhcw.com

Safeguard your privacy

  • Be mindful of how you’re handling your ticket: Hold off on signing at the back of the ticket if you want to preserve privacy. Whatever name is at the back immediately identifies as the payee. You can use an LLC or Limited Liability Company — in the Philippines, it’s best to use a PLC or Private Limited Company which is a domestic corporation that serves as its closest local equivalent by the Corporation Code of the Philippines. 
  • Keep quiet: It’s best to keep the circle small or not to mention it at all if one wins the lotto. If ever you’ll share this with others, they do need to sign a non-disclosure agreement to preserve everyone’s privacy on the matter
  • Money management: If possible, choose to hire experienced professionals to help preserve your winnings or manage it to have long-term benefits — make it last or multiply it with sound investments. Doing so will also have your privacy in check especially if contracts value nondisclosure of transaction details.

Li was very well-prepared to win the lotto. He foresaw every detail and even had that gut feeling that the right time has come to proceed with his purchase of 40 tickets bearing the same number combination. He also thought of what happens during and after he wins. I side with Li on this 100%. It is in his best interest — along with his family — to temper the windfall and plan for the long term.

What about you guys? Are you opting to go for a spending spree or the opposite? Just comment down below and we’d like to know how this plays out with you!

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