Lottery - A Tax on the Poor and Uneducated?

[Mike_25]

While millions flock to buy lottery tickets in the hope of striking it rich, I wonder how many analyze the odds and inherent house advantage? With so many more worthwhile ways to invest money for a decent return, why do so many succumb to the temptation of instant riches? Gaming and casino industries are built on the mathematics of negative expectation. Unless you're a card counter or have insider information, lotteries and most gambling games are designed to leave you with less over time. Caveat emptor!

 

[James108]

It's a common argument that lotteries are a tax on the poor and uneducated. The reasoning is that those who are most likely to play the lottery are those who are less financially literate and more likely to be low-income.

 

[Qwert135]

Yes indeed but who can make the people understand these facts it is much difficult to teach people these things honestly indeed and that is why most of the people are always trying to make sure that they avoid such things to be honest and play on games having actual chances of winning them money indeed actually .