Moreover, data shows that nearly 14% of all winning lottery tickets go unclaimed each year. This means millions of dollars stay in state funds instead of reaching fortunate winners. By enhancing consciousness and ease of checking tickets through scanners, each players and state lotteries stand to profit immensely.

This myth perpetuates an unrealistic expectation that a jackpot will be a panacea for all of life’s challenges. While winning a considerable amount of money can change a person's circumstances significantly, studies present that monetary windfalls also can come with their very own set of challenges. According to a research from the National Endowment for Financial Education, a big percentage of lottery winners skilled stress from sudden wealth, leading to relationship issues, poor monetary choices, and even bankruptcy. One notable example is that of Jack Whittaker, who received $315 million in a Powerball drawing