The last Mega Millions prize for $1,337 million caused a furor among Americans, since all those who participated had the dream of winning the full bag or any of the prizes that the Lottery had for the contestants.
Undoubtedly the winners must be happy already enjoying the honey of their good luck, however, the detractors of the lottery consider that not everything is favorable with this type of contest.
Investopedia recounted the negative and positive things about the Lottery.
Everyone will have their point of view and will finally have the freedom to participate or not in the next contests.
Negative points:
– They encourage unnecessary and excessive spending among the contestants.
– Regular contestants spend a significant amount on the Lottery, at 2017 the average American spent $220 dollars.
– The odds of winning Powerball and Mega Million jackpots are one in 292.2 million and one in 302.6 million, respectively.
– The Mega Millions and Powerball lotteries have become a monthly expense for consumers. According to the US Census Bureau, revenue from state-managed lottery funds generated $82,600 million in sales in 2019 (last year on record).
– Winning the Lottery does not mean solving the financial future of people, as there have been many cases in which the winners end up poorer than before, affecting families and individuals individually.
– In the hope of winning, people join unions and spend more money, which does not guarantee that they really increase their chances.
Those who are in favor of Lottery also find advantages.
Positive points:
– Although the chances are low, there really are prize winners.
– Lotteries are a big business that generated almost $82,000 million in 2019.
– Income Lottery revenues help fund public sector programs, including education, park services, and funds for veterans and seniors.
Investopedia notes that regardless of one’s point of view, the The fact is that participants must play responsibly and spend within their means. As long as they do, there’s no reason everyone can’t enjoy the Lottery, as they contribute to state and national funding.
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– Mega Millions: What are my chances of winning the jackpot
– Mega Millions plays on 29 July 2022: guide on how to play, what prizes are there
– Mega Millions has arrived at $1,025 Million Dollars: What Happened to the Fortune of Some of the Top Lottery Winners in the US? USA