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Hitting the Lottery Jackpot: State Governments and the Taxing of Dreams
Hardcover
Series: State Governments and the Taxing of Dreams
Investing & FinanceGeneral GamblingGeneral Sociology
ISBN13: 9781583670132
Publisher: Monthly Review Pr
Published: Feb 1 2000
Pages: 144
Weight: 0.60
Height: 0.50 Width: 6.20 Depth: 9.00
Language: English
When thirteen machine shop workers from Ohio won a $295.7 million lotto jackpot, the largest ever, it made headlines. But the real story is that the lottery is a losing proposition for the vast majority who play it.
Hitting the Lottery Jackpot provides the hard truth to the questions everybody asks: What are my chances of winning? Doesn't the money go to education? Isn't it harmless? This concise book explains who really profits from lotteries-advertising agencies, TV stations, and ticket vendors-and that shows only about half the money wagered is returned as prizes, the rest pocketed by state governments. Hitting the Lottery Jackpot also demonstrates who loses: lower-income groups and people of color, who spend a much higher percentage of their income on lotteries than others.
Hitting the Lottery Jackpot is a powerful case for seeing lotteries as a pernicious government tax on the poor, seductively disguised as fun.
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