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!

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