Business Planning

One in four would invest in a business after winning the lottery

Fred Heritage | 3 August 2017 | 7 years ago

Lottery
Most of us would chose not to inform work if wed won the lottery, the survey found
A quarter of people in the UK would chose to invest in a business venture if they won a substantial amount of money, in a competition or the national lottery, according to new research.

Around 36 per cent of people would opt to continue working after winning the lottery, while 16 per cent said theyd go and work for a charity, a survey or more than 2, 000 UK workers showed.

The survey, carried out as part of the Working After Winning research project by gaming firm Wink Slots, revealed some of the most popular industries and sectors people choose to invest in after winning the lottery jackpot.

Bricks and mortar assets are overwhelmingly the favourite things Britons chose to invest in after a lottery win, with 27 per cent of people revealing property would be first on their list of business investments.

Out of those people whod chose to invest their lottery winnings in a business venture, the following sectors also proved popular:

UK industry Percentage of people whod chose to invest jackpot winnings in a business
Banking and finance 19
Hospitality 18
Automotive 14
Tourism and Leisure 14
IT 6
Some 11 per cent of the survey’s respondent workers said theyd retrain for a new career after winning a large amount of money, with the digital media industry found to be an area most people would opt to go into.

Other popular industries workers would wish to retrain in are the film industry (18 per cent), travel sector (16 per cent), music (14 per cent), sport (nine per cent) and the sciences (eight per cent).

The survey also revealed that the average UK worker would not consider anything less than a lottery win of 5.4m enough to quite their day job.

Commenting on the statistics, a Wink Slots spokesperson said: The amount we would want to win before giving up our day job shows that we are cautious and tend to thinklong term when it comes to retirement we want to ensure we have enough money to last through the years.

As many as 83 per cent of us would chose not to tell our boss if wed won the lottery, while just eight per cent of us would admit to how much wed won, according to the survey. It is of little surprise that close friends and family would be the first to know about most people’s lottery win.

WhatsApp or Facebook? Britain’s top office distractions revealed

Related Topics

How Businesses Can Save on Their Energy Costs This Winter
28 September 2023

How Businesses Can Save on Their Energy Costs This Winter

Read More →
The Importance of Data Analytics in Making Informed Business Decisions
14 September 2023

The Importance of Data Analytics in Making Informed Business Decisions

Read More →
How to Write a Business Plan That Investors Will Love
13 September 2023

How to Write a Business Plan That Investors Will Love

Read More →
Performance Appraisals Reimagined, How to Modernise Your HR Reviews
4 September 2023

Performance Appraisals Reimagined, How to Modernise Your HR Reviews

Read More →
Embracing Sustainability: Eco-Friendly Practices for Businesses
1 September 2023

Embracing Sustainability: Eco-Friendly Practices for Businesses

Read More →
Eco-Friendly Sustainable Business Practices
8 August 2023

Eco-Friendly Sustainable Business Practices

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter