Winning the lottery can also bring misfortune, financial experts say

·1 min read

The second-largest Mega Millions jackpot has a new winner Saturday afternoon.

READ: Mega Millions: Winning ticket for $1.337B jackpot sold in Illinois

The $1.2 billion ticket was sold to someone in Illinois.

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In Florida, there were also five people who won smaller pots. Three people are bringing home $2 million.

Photos: Winning the lottery can also bring misfortune, financial experts say

Channel 9 spoke with experts who said a prize that big often comes with bigger problems.

READ: If I had a billion dollars: What experts say you should do first if you win the Mega Millions

“The fact is, 70% of lottery winners end up losing all their money,” said Craig Kirsner with Stuart Estate Planning.

Kirsner said that once a person’s family and friends know they won, everyone wants a piece of the pie.

WATCH: Here’s what happened to previous local jackpot winners after the frenzy faded

He said if you ever win a large cash prize, you should keep your winnings private for a while and hire a tax accountant.

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