Folks buy lottery tickets because of the tremendous payoffs. The politicians behind the sales know it.
If the payoff is only 60 cents on the dollar, (poor odds),the buyers don’t seem to care. Most would buy lottery tickets if the payoff were 10 cents on the dollar.
And I haven’t noted the added bite of income taxes to make the lottery a joke for its players.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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