A Friendly Reminder That the Lottery is a Regressive Tax
Nobody won last night’s Powerball drawing, sending the jackpot soaring to $750 million for the next drawing on Wednesday. That makes this a good time to remind ourselves that the lottery is a regressive tax disproportionately paid by the poorest Americans. The average adult in the U.S. spends $325 a year on lottery tickets, 63% of which goes to prizes, the rest of which goes to state and local governments.
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