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> Persistence might be key? Some people may be addicted to gambling with lottery tickets, or may just buy more than others in the same area. For example, I rel
by ringaroundthetx 9y ago
> Persistence might be key? Some people may be addicted to gambling with lottery tickets, or may just buy more than others in the same area.
For example, I relish in the fact that I'm not poor enough to feel taxed by it. By simply having a lot of more money than people on the other side of the bell curve, I can buy more tickets, and roll the winning tickets into more purchases of tickets. Or use some of the free income from dividends or bond coupons to buy lottery tickets for giggles, all while other people parrot the "tax on the stupid/poor" mantra.
The amount of money scales and it also doesn't matter.
- Noumenon72 9y agoIt makes sense that the lottery would have "whales" just like any other game. I wonder what percent of the revenue people like you are.
- ringaroundthetx 9y agoYeah I've seen some papers on it. I would not consider myself a whale, just someone that rationally plays it and is privileged that my portion of income used on the game is not detrimental to my well being. The poor spend likely comparable amounts of money on it, but percentage wise it is harmful. Most money games depend on the whales, and there is a depressing underbelly to that aspect of it as well.