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Published 2 years ago with 3 Comments
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  • jcscher
    +5

    'Before Ohio's lottery was launched in 1975, spending on education increased at a rate of $11 per capita every year. That shot up to $26 in 1976 thanks to the lottery — then it fell to less than $7 because lawmakers slashed education spending."

  • Gozzin
    +3

    Overall, the people getting the rawest deal from the lottery are the players themselves. The purchaser of a Powerball ticket effectively has zero chance of winning.

    I've often said you have a better chance of being struck by lightning twice in the same day than winning.

    • spaceghoti
      +3

      But how else am I going to be able to retire? Certainly not while my retirement packages depend on responsible management by financial advisers. I've already watched fifteen years of 401k contributions disappear into smoke thanks to JP Morgan in 2008.

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