How does the lottery compare to other gambling ventures?
The state lotteries typically take about a 40% share of all gambling revenues. This is way above other gambling choices. Most casinos take anywhere from 1-6% on all their games. You can get more bang for your gambling buck by going to a casino- and you’ll have more fun too. The lottery is a rip-off. The odds of winning the lottery are incredibly bad. Consider the following facts: Powerball is drawn twice a week. The odds of winning are 120,526,770 to 1. If you lived to be 77 years old (a normal life expectancy), then you would have to buy 15,050 tickets for EACH drawing (30,100 tickets each week) in order to have a 1 to 1 chance of winning. Even winning the lottery is not as great as the government advertises because of 3 reasons. First, if you pick a payment plan you don’t make interest on the money, the government does. Second, you have to pay big taxes on your winnings. And third, the inflation eats away a lot of the money you get in the future. Have state governments been increasin
