Dec
06

Lotto Luck

Lotto Luck Lotteries are designed to raise government revenue and bigger jackpots lead to more sales. To that end, 42 states now cross-sell both Powerball and Mega Millions and while prices for each were doubled to $2 on 1/1/12, sales have soared 35%. After taxes, winners keep just 33% of all revenues. Despite that, people stand in line to enthusiastically give away their money! Who says government can’t design good social programs!

Share This Post
Facebook Twitter Email

Speak Your Mind

*