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Regional News

How Most People React to Winning the Lottery


Patient, deliberate financial planning seems to be the reason Oregonians are successful lottery winners. Oregon Lottery spokesman Chuck Bauman says the West family of Medford took their time claiming the $340-million Powerball jackpot in 2005 and had a plan in place.  Statistics from the National Endowment for Financial Education indicate that 70% of people who get a financial windfall such as a lottery jackpot,  lose it within a few short years. 


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