With the current economic crisis upon us many of us have thought about alternative methods to “paying the bills.”
Let me be the first to admit that, at a moment of weakness, I’ve thought about buying a lottery ticket.
I mean, can you really escape it? Driving down I-85 you see about 10 million ad for the “Mega Millions” and it’s always some insane amount of money up for grabs.
The best commercials I’ve ever seen are the ones that suggest something to the extent of “Today might be your lucky day.”
But it gets you thinking, for sure.
One of the first jobs out of college was located in the same building as the “collection” point for those that win the “Mega Millions.” So, of course, all my fellow employees religiously headed down Monday and Thursday to buy a few tickets. I went with them a few times, not to buy any but to just “join them.”
But it’s tempting. I have never bought a ticket, but I’ve been close. In fact, I don’t gamble at all, even for “fun.”
Some facts that I found recently about the lottery:
- $58.4 billion: How much we spent on the lottery in 2007.
- 30%: Amount states kept as profits.
- $1.1 billion: California’s total lottery profits.
- 1.5%: Portion of California’s education budget that comes from the lottery.
- $8.50: Amount a college-educated player spends on the lottery each month in Texas.
- $16: Amount spent each month by the typical player without a high school degree.
- 49: West Virginia’s rank in median household income.
- 1: West Virginia’s rank in state lottery profits per capita.
- $315 million: Biggest lottery jackpot claimed by a single winner.
- $51.7 million: Biggest unclaimed jackpot.