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Winners think of business when jackpot strikes


  • By Neil Martin
  • News
UK economy

 

Here’s good news for the UK economy – a recent survey suggested that nearly one quarter of Britons, should they win a large amount of money, would invest in a business.

The choice of where a windfall would go varied, with property coming out on top (27%), then banking and finance (19%), hospitality (18%), automotive (14%), tourism & leisure (14%) and information technology (6%). These were deemed the most popular places of investment. Which I suppose beats more traditional outlets such as the local bar and a casino.

Interestingly, and perhaps betraying a certain lack of imagination, some 36% of those questioned said that they would continue working following a substantial lottery win. And one in six (16%) would work for a charity if they won the jackpot.

The figures were put together from a survey of 2,000 UK adults by online games destination, WinkSlots.com, as part of the Working After Winning Report. I suppose it’s in their best interest to keep people thinking what they would do with their winnings, but fair enough, someone I suppose has to win and their money has to go somewhere.

It might also interest you to know that the average person thinks that they would need at least £5.4m in order to tell their boss to sling it and leave. So, that’s the target – anything less just won’t do!

The report also revealed that some 11% would retrain after a large win, with 20% saying that would choose the digital media industry for their next career. Other choices came in at film (18%), travel (16%), music (14%) sports (9%), and science (8%).

As for admitting that they had won, a staggering 83% said that they would not tell their boss, although they were less reticent with family (83% would share the news) and friends (73%).

Personally, I wouldn’t tell anyone!

A Wink Slots spokesperson enthused: “We often talk about what we would do with our winnings, but not what we would do after hitting the jackpot. It’s great to see a third of Britons enjoy their jobs so much that they would continue working despite their windfall, and that some would even use the opportunity to retrain or volunteer their time for charity.

The amount we would want to win before giving up our day job shows that we are cautious and tend to think long term when it comes to retirement – we want to ensure we have enough money to last through the years before entirely giving up work.”

And who can argue with that?