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Lottery Numbers
Disappoint Most
If you are out there wondering if you are loosing money by
not running up to the gas station every week to buy your lottery
tickets then do not think to hard on this losing issue because
you are really one of the lucky ones. The lucky people are
they people that are not gambling their hard earnings away.
Lottery ad marketing is targeted toward those that do not
have the financial education to know how many lottery tickets
to stop with. If you are worried because you are not playing,
don’t be you are actually winning more interest in your
bank account than in most cases
ever in a lottery. Furthermore, most players get hammered
by a 50% loss of capital on every ticket every day of the
year if they purchase 25 a day. The net result for 99.999%
of the players is unrecoverable losses, which can demolish
hopes of a good family’s financial life. For example,
a 50% payback rate will turn $20 million wagered daily in
the state lottery into fewer than two cents within 30 days.
Lotteries are now in 40 states in the US. This is not including
the Indian Casino Gambling, Riverboats, and Traditional casino
gambling. The most popular lotteries are in California, Florida,
Pennsylvania, and Illinois. Texas also ranks in the top five
of debt due to lottery spending. We need to put a stop to
raising state incomes by using poor people’s lottery
losses. You will also see a possible factor in states like
Virginia, Georgia, and Ohio that lottery losses could lead
to higher payday loan applicants
and bad credit consumers.
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