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Aren lotteries an inefficient way to raise revenue?

April 26, 2017inefficient lotteries raise revenue

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Aren lotteries an inefficient way to raise revenue?

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Certainly lotteries are more expensive to administer than taxes, assuming we consider only the cost to government and not the costs to businesses and individuals in complying with tax laws. However, unlike taxes, lottery purchases are both voluntary and overwhelmingly preferred by the public.