No one won this week's Powerball jackpot, which means the jackpot will roll over to an estimated $800 million — the largest lottery prize in U.S. history
According to the Associated Press, Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
But who is funding the game?
Public polling has confirmed the fears of many who oppose such government-promoted gambling: the poorest among us are contributing much more to lottery revenues than those with higher incomes. One poll found that people who played the lottery with an income of less than $20,000 annually spent an average of $46 per month on lottery tickets. That comes out to more than $550 per year and it is nearly double the amount spent in any other income bracket.
The significance of this is magnified when we look deeper into the figures. Those with annual incomes ranging from $30,000 to $50,000 had the second-highest average — $24 per month, or $288 per year. A person making $20,000 spends three times as much on lottery tickets on average than does someone making $30,000...
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Monday, January 11, 2016 10:52:00 AM