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Author Topic: I knew the lottery was a "poor" or "stupid tax" but this statistic staggers me [Locked]
Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
Yukishiro1 posted:

Probably what the study said is that households with incomes under 13k that buy lottery tickets spend that much. Which I can believe.



Prolly.

 

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eodoll  4 stars
Posts: 1,028
Registered: 2002-2-14 12:35:42
its not a bad bet.. $20 for a 20 out of 176mil chance to win several hundred million.

ill pronmb stop by the liquor store and pock a few up; i wish i could buy tickets online though.
Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
eodoll posted:

its not a bad bet.. $20 for a 20 out of 176mil chance to win several hundred million.



DemonicXH  3 stars
Title: Camelot Vault Staff
News Editor

Posts: 584
Registered: 2003-12-1 08:14:17
Altra_Shadowstalker posted:

I'm on the wrong side of stupid on this one. Got my ticket!

04,06,20,38,42 MegaBall 24



I picked up 5 last night lol.
eodoll  4 stars
Posts: 1,028
Registered: 2002-2-14 12:35:42
its not a bad bet to me. i have no problem losing $20.. i usually keep 5s in my car to give the homeless drunks so i can see spending it on tickets instead.

i just dread stopping by the corner store.
theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Yukishiro1 posted:

Probably what the study said is that households with incomes under 13k that buy lottery tickets spend that much. Which I can believe.



That makes more sense
Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
The total spent probably includes the churn.

 

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Walker_ID  3 stars
Posts: 673
Registered: 2002-5-29 10:20:09
a $20 purchase once or a handful of times in your life is so insignificant that it doesn't qualify as a risk or anything relating to "wasted" money ...or even stupidity


it's like throwing a penny in the trash...no one thinks twice about it

 

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Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Spending $600/year on lottery tickets when you make less than 13k is not like throwing a penny in the trash. Fatty.
theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Sin_of_Onin posted:

The total spent probably includes the churn.



this could be true to. Wouldnt surprise me, statistics are dangerous.