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It's a lot easier to fix though: make minimum ticket prices higher. At $20 or $100 each, there is more sticker-shock friction to prevent overspending on lottery
by kspaans 9y ago
It's a lot easier to fix though: make minimum ticket prices higher. At $20 or $100 each, there is more sticker-shock friction to prevent overspending on lottery tickets.
- troupe 9y agoFrom what I see of gambling behavior, I'm not convinced that at $20 ticket price would help the people who are most likely to lose money they can't afford in the lottery.
- conanbatt 9y agoIt would make a fine business out of black market lottery ticket selling.
- saalweachter 9y agoYou should also cap the max jackpots. The multi-hundred-million jackpots generate a bit of a mania. Also, if you wanted to disincentivize lotteries, but not ban them outright, you could start taxing them - up front, not the behind-the-scenes cut states get now. Add a 50% tax on lotto tickets and a 50% surtax on winnings and most people will be too disgusted to play.