4 ms·
The $26 billion is revenue. Not lotto sales. It's a very inefficient and uneven redistribution of wealth.
by ballenf 4y ago
The $26 billion is revenue. Not lotto sales.
It's a very inefficient and uneven redistribution of wealth.
- sokoloff 4y agoIndeed. Gross ticket sales would be approximately double the reported revenue.
- karaterobot 4y agoI'm not sure I understand this distinction. Revenue is all the money coming in, before expenses. Are you thinking the actual number should be higher or lower?
- Eisenstein 4y agoI think that revenue doesn't include tickets - payouts. If you win $20 on a $1 scratch off, that is $19 in cash that is removed from the cash register and charged to the state.