Why do poor people play the lottery more?
Poorer zip codes play the lottery more often
Nationwide, people who make less than $10,000 spend on average $597 on lottery tickets — about 6 percent of their income. Sure, part of this is likely because poorer neighborhoods tend to be located closer to urban areas, where there are more package stores.
How much do poor people spend on lottery?
According to Bankrate’s study, households in the lowest income bracket (earning under $30,000) spend 13 percent of their annual income on lottery tickets. That’s significantly higher than the amount spent by those bringing home fatter paychecks.
What kind of people buy lottery?
Younger people buy lottery tickets far more often than older people. The study in the Journal of Gambling Studies found that 69% of those age 31 to 40 bought lottery tickets, followed closely by 66% of those age 18 to 29. Those who are age 61 and older are the least likely to buy tickets at 54%.
Is it a waste of money to play the lottery?
Playing the lottery is, for most folks, a complete waste of money. If you put all the money you put towards the lottery in a high-yield savings account or invest it, you’ll get a much higher return. Plus, you won’t have to be disappointed by a losing lottery ticket.
Is the lottery a tax on the poor?
The Lottery Is A Regressive Tax On The Poor
And that means people spend a lot of money without getting much, if anything, back. Players lose an average of 47 cents on the dollar each time they buy a ticket. … Low-income people account for the majority of lottery sales, while sales are highest in the poorest areas.
What is the average age of lottery winners?
Looking at the age of respondents, we can discern that lottery winners (whose average age in the national survey was 54) are older than people in the general population. Additionally, 60% of the winners were males.
What percentage of Americans play lottery?
Comparatively, 52 percent of those over the age of 75 played during this time, making them the age group playing the lottery the least.
Lottery play over the past year in the United States as of November 2018, by age.
|Age||Share of respondents|