The Most Shocking Lottery Statistics
Drawing lots to decide ownership dates back to ancient times. In the late fifteenth and sixteenth centuries, it became a common practice in Europe. In 1612, King James I of England introduced a lottery to provide funds for a settlement in Jamestown, Virginia. From this point on, lottery funding has been used by both private and public organizations to finance wars, towns, and public-works projects. Today, lottery funding is an important source of money for many American organizations.
Statistics on lottery sales
According to the U.S. Census Bureau, nearly half of all Americans play state lotteries. In 2017 alone, state lotteries generated $71 billion in lottery ticket sales. Those numbers include entries in Mega Millions and Powerball games and scratch-off cards purchased at vending machines. On average, American consumers spend $86 a month on lottery tickets. Here are the most shocking lottery statistics. And, no, it is not for your retirement savings.
Multistate lotteries attract players with large prize pools. Bigger prize pools lead to higher ticket sales. However, the expected value of a lottery ticket varies depending on the size of the pool and the consumer’s behavior. Mega Millions and Powerball jackpots are very rare but still have large prize pools. Their payouts increase every week, starting at $40 million and increasing until a winner is found. The prize pool for the Powerball jackpot reached $1.586 billion in January, 2016.
Legal minimum age to play
The Legal Minimum Age to Play Lottery in your State can vary slightly. Some states, such as New Jersey, prohibit players under the age of 18 from purchasing lottery tickets or using any lottery-related equipment. Others, such as Delaware, prohibit children under the age of 17 from betting on charitable games. For example, a person under the age of 18 cannot purchase raffle tickets, but they may play Bingo with an adult. And in Nevada, the minimum age to play pari-mutuel is 21.
The Legal Minimum Age to Play Lottery in the UK varies by state. In New York, you must be at least eighteen years old to purchase a lottery ticket. In France, Germany, Italy, and the United Kingdom, the legal minimum age to play the lottery is 18 years old. But in Iceland, the minimum age is fifteen, and in the Bahamas, the legal minimum age to play the lottery is 21 years old.
Impact of marketing to poor people
The Impact of Lottery Marketing to Poor People. The study examines how marketing communications affect poor people’s lottery purchasing behavior. It examined the impact of mass media advertising and word of mouth (WOM) on lottery purchase behaviors. The results indicate that mass media advertising positively influenced lottery purchasing behavior among three income groups. Although WOM had little or no impact on lottery purchasing behavior, it did show that poverty level was negatively related to marketing communication perceptions.
The bottom third of households shift their expenses to lottery playing. These households shift 3% of their food expenditures and 7% of their rent or mortgage payments to lottery tickets. This regressive effect is evident in the amount of money spent on lottery tickets by low-income households. It is not surprising that a majority of lottery players are poor. Since lottery play is often linked to low incomes, these players are disproportionately the ones who lose money.