In South Africa you must be 18 years old to buy a lotto ticket. Just imagine if you win the lotto at the beginning of your adult life. What an advantage you would have to kick start your life with funds that you don’t have to ask from your parents, family or get a loan from the bank.
On the 12th of July 2003 a young couple won the lotto after spending just R20 on their ticket. After choosing the random numbers 12, 16, 25, 32, 38, 41 and bonus ball 6,they won R6 020 852.00. At the time they were 18 and 20. They decided not to spend their winnings on luxuries, but to invest the money and pay for their studies. They were excited about the prospect to study what they are passionate about.
When a 21-year-old guy from KwaZulu-Natal won R531 938 with the Daily Lotto, he decided to use some of his winnings to improve his family’s living conditions. He said that he is a careful spender and that he will save some of his money, help his family and also help the elderly in his community. He bought a ticket for just R6 in July 2019 and played 8, 13, 14, 28 and 35 as his lucky numbers.
Another couple, not so young anymore, won one of the biggest Powerball jackpots in South Africa in 2018. At the time, the 34-year-old engineer from Secunda, Mpumalanga, has been married to his varsity sweetheart for 3 years. They have been playing lotto since their varsity days and played it 3 times a week. Without almost any debt, the couple agreed that they will have to do careful planning as to how they will spend their winnings. They won R145 469 799.30 and their lucky number were 1, 15, 23, 24, 35 and Powerball number 4.
Some of the youngest lotto winners around the world in history
The age for buying a lotto ticket is a bit different in overseas countries. Although you have to be 18 years old to bet on a lottery you can buy a ticket when you are 16 years old.
Tracey Makin won €1 million (approx. R15,8 million) in the Irish Lottery back in 1998, at the age of 16. Third time lucky, as it was her 3rd time playing the lottery in her life. Luckily for Tracy she had financial advice from her parents and invested most of her winnings wisely.
In 2003, a 16-year old foster care child, Callie Rogers, was the UK’s youngest lottery winner, when she won £1.9 million (approx. R35,3 million). Without the necessary financial advice at that young age, after 10 years she has nothing to show for her big win, except 2 investments: a bungalow for herself and a house for her mother.
In 2008, the 19-year-old construction worker, Jonathan Vargas won $35.3 million (approx. R500 million) with the US Powerball jackpot. Unfortunately, without financial advice, he also made a lot of bad investments and spent most of his money on parties, drugs and alcohol.
In 2012, the 18-year-old Robert Salo was the youngest winner of Win for Life. Just one week before his graduation, he bought a $2 ticket and won $1000 (approx. R14 100) a week, for the rest of his life. Instead of getting all his millions at once he will get a weekly payout. With his winnings, he planned to buy a new car and getting the college education he dreamed of.
In July 2013, Jane Park was UK’s youngest EuroMillions winner. She was 17 years old and won £1 million (approx. R18,5 million) with the first ticket she ever bought. Unfortunately, Jane also spent her winnings on unprofitable real estate investments and doesn’t have much to show for her jackpot winnings.
Irrespective of what age you are at when you win the lotto, receiving a huge payout will change your live forever. Make sure you receive sound financial advice that will guide you to invest wisely and not just spend it irresponsibly.