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The lottery is cheap permission to dream about the possibility of a better life. Most players know they won't win.
People without lots of money are more likely to participate in lotteries. On average, households that make less than $12,400 a year spend 5 % of their income on state lotteries, making it a deeply regressive tax.
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Government-run lotteries appeal to poor people. This causes them to spend a disproportionate amount of their income on lotteries, which contributes to them being poor, which keeps them buying tickets.
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There is clearly a demand for playing the lottery. But low-income people spend more of their income on the lottery than other income groups.
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In an experiment, low-income participants were more likely to purchase lottery tickets when they felt that their income was low compared to a perceived standard.
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315 reads
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There is clearly a demand for playing the lottery. But low-income people spend more of their income on the lottery than other income groups.
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But we are less likely to benefit from buying time wh...
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