Is The Lottery A Tax On The Stupid?
by
on 03-01-2009 at 10:27 AM (1396 Views)
Since getting into the online gambling affiliate business I have spoken and written about how ridiculous the lottery is on a few different occasions. I don't dislike the lottery because it's gambling, in fact I love that you can spend $1 and have a chance to win $200 million. I mean that's beyond life changing money, that's Barack Obama type loot.
The part that bothers me the most is that the lotteries here in the United States will never address that playing the lottery is hard core gambling at it's finest. The odds of winning are far worse than any casino or table game you will ever play. In fact, you are statistically 6 times more likely to die in a car crash each time you drive to the store to buy your ticket than you are to actually win.
Sure, I may drop $5 on a mega millions ticket every now and again, but I realize it is the equivalent of burning my money. Yet every other time I go into a gas station lately, I get behind some person that thinks they're at pari-muteal window buying daily picks, pick 3's, mid day picks, boxes, trifecta's, etc. What's even more sickening is you see these same people leave and jump into a 1984 rusted out Ford Escort. Allowing individuals like this to buy lottery tickets on such a negative EV game truly is a tax on the stupid.
I suppose it is these people's right to play the lottery, just like it should be my right to play at an online casino or poker room. What is troubling though is how the government promotes the lottery to be everything except gambling.
This morning I was on the Mega Millions website, and they now have a nice little picture widget with some great sayings. Hell, the only thing they don't mention is that the odds of winning are 1 in 175,711,536. And even then, if you take a cash option, they significantly fu** you by decreasing the actual jackpot. Do you think we could get away with putting these types of sentences on the homepage of one of our gambling sites? Or perhaps if someone wins a progressive, we could lop off half their winnings if they want to get paid now versus over 20 years.
Here are some of the reasons we should all be playing the lottery though according to the government ran site.
"Save For Retirement"
"Go Back To School"
"Buy Your Dream House"
"Hit The Links Every Day"
"Take That Family Vacation"
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