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It is a bit amazing when you think that on average, there is a new millionaire (or even multi-millionaire) made by the different lotteries in the USA every day


It would be interesting to know the rate at which they subsequently fall out of that status.


I think it's even more amazing to consider that for every winner of a 1 million dollar prize, about 1.4 million dollars is taken from other people, mostly those who can't afford it. Not to mention that the winner will be subject to 25-75% taxation, depending on their state, whether they take the lump sum option, how they spend the money, etc.

It's even worse because the people who are most harmed by the psychology of the lottery - gambling addictions, insidious advertising, and false promises - are the most ardent supporters of it, because they are mislead to believe it gives them hope to get out of their poverty when really it only chains them more strongly to it.

It's shameful. https://www.theatlantic.com/business/archive/2015/05/lotteri...


Yeah I think there is so much focus on the JACKPOT that people totally miss how many millionaires are made at every drawing.

I think it is interesting to say the least.




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