Lottery tickets are not new. In a Gallup poll, 15% of teenagers said they had bought a lottery ticket within the past year. In the same poll, lottery spending exceeded seven billion dollars in zip codes with at least 70% African-American residents. But there are some concerns about how lottery winnings affect lives. There are at-risk gamblers and losses to quality of life. Listed below are some things to consider before buying a ticket.
Gallup poll found that 15% of teenagers had purchased a lottery ticket within the previous year
According to a Gallup poll, fifteen percent of teenagers had purchased a lottery ticket in the previous year. The results are a good indicator that lottery tickets are popular among teenagers. A 1999 Gallup poll found that seventy-five percent of adults and eight percent of teenagers approved of state lotteries offering cash prizes. However, the results of this recent survey suggest that teenagers are not as enthusiastic about lottery games as adults.
Lottery spending in zip codes that were at least 70% African-American
The Chicago Reporter recently conducted a study of lottery sales in Illinois by zip code. The study compared lottery sales to demographic and income data. The zip codes that were the most lottery-spending were all located in the city of Chicago. Residents of these communities spent an average of $224 per person, compared to just $0.46 per $100 of income for those who lived in the majority-white zip codes.
Loss of quality of life due to lottery winnings
A recent study shows that people’s financial satisfaction is positively correlated with their lottery winnings three years after they received them. Although lottery prizes are unlikely to have an immediate effect on an individual’s quality of life, they may affect it over time, depending on their lifestyle and social status. Moreover, lottery prizes may be a sign of impending wealth, so their recipients should consider their future health care needs.
International Lottery Alliance
The International Lottery Alliance is an organization of lottery officials that aims to develop a multijurisdictional lottery game. The plan calls for the game to begin next year. Its multijurisdictional model would have allowed for a single drawing to bring in up to $1 billion in prizes. But the proposed lottery was put on hold because of protests against U.S. military action in Iraq. Despite the failure of negotiations, the Alliance says it has no plans to stop working toward a multijurisdictional lottery game.