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State lotteries were actually specifically designed to discourage whales and big spending. That is why tickets are relatively low priced and there are no high p
by hristov 3y ago
State lotteries were actually specifically designed to discourage whales and big spending. That is why tickets are relatively low priced and there are no high priced super tickets. It is very difficult to impulse buy a mass amount of tickets.
They were also designed to replace numbers -- a similar game run by mobsters that took money from the poor. The rates of return of lotteries are much better than the old numbers games.
Of course some states have gotten greedy and have changed the rules to encourage more impulse spending.
- scarface_74 3y agohttps://bigthink.com/the-present/poor-americans-lottery/ https://bigthink.com/the-present/poor-americans-lottery/ The poorest households spend 9% of their income on the lottery https://www.theatlantic.com/business/archive/2012/03/amazing-the-poorest-households-spend-9-of-their-income-on-lottery-tickets/255304/ https://www.theatlantic.com/business/archive/2012/03/amazing...
- jstarfish 3y ago> They were also designed to replace numbers ...by rebranding to "Keno." > Of course some states have gotten greedy and have changed the rules to encourage more impulse spending. I can't complain; state lottery collections paid scholarships for 2 of my degrees.
- scarface_74 3y agoAt the expense of mostly poor people playing the lottery.