It’s 2016. Wall Street is down, but lottery ticket sales are up. Wednesday’s Powerball grand prize is expected to be around $1.5 billion.
Powerball includes 44 state lotteries and those in DC, Puerto Rico, and the U.S. Virgin Islands. Odds of winning: 1 in 292 million.
More:
“Everyone Is Freaking Out About The $1.5 Billion Powerball, And The Stats Agree,” Walt Hickey, FiveThirtyEight
“How the Powerball rules were tweaked to make the game an even bigger ripoff,” Michael Hiltzik, Los Angeles Times
“The Powerball’s Long Con,” Jared Keller, Pacific Standard
“20 things more likely to happen to you than winning the lottery,” Lucy Mueller, Las Vegas Review Journal
“Who Buys Lottery Tickets?” Matthew Wills, JSTOR Daily
“4 ways the lottery preys on the poor,” Alvin Chang, Vox
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Tags: gambling, lottery, Powerball, state lotteries, state-sponsored lottery, tax on people who are bad at math
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