Worst of times for us, best of times for the lottery
What Taft reports today is totally expected: When the economy gets worse, people buy more lottery tickets.
The only surprise is that an experienced lottery director like Tom Shaheen would try to deny it.
The trend has been noticed.
It's the same principle, amply documented, that drives poor people to spend relatively more for lottery tickets.
So, if more people become poor, lottery sales rise.
For a few of those poor people, their dreams will come true and they'll win a big payoff.
But most will get a little poorer with every $10 or $20 they spend for a worthless chance at fortune..
So, is it good news or bad news for North Carolina when state lottery sales increase?
Comments (3)
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What Taft reports today is totally expected: When the economy gets worse, people buy more lottery tickets.* Doug
They sure do! In the great dispression of the 30's, The movie houses gave away so-called Kitchen dishes with a lottery drawing at the end of the Movie. The winners had choice either to take the dishes or cash! Guess what they took?
As Jesus said, " The poor will always be with you and will roll the dice in the great Roman Lottery"
Posted on September 17, 2008 1:34 PM
Great news for the NC Lottery, horrible news for the state of North Carolina.
Posted on September 18, 2008 9:39 AM
Too bad we can't recognize what's more important.
Posted on September 18, 2008 10:53 AM