Posts Tagged ‘Lotteries’

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…