The Sinister Underbelly of the Lottery

The lottery is a game in which you pay money and hope to win prizes. You can buy tickets in stores, at gas stations, online, or in many other places. Some people play a lot, while others only buy a ticket every once in awhile. The prize money varies from a few hundred dollars to millions of dollars. There is no doubt that winning a large sum of money would be an amazing and life-changing experience. But the reality is that most people don’t win the lottery. Despite this, it is not uncommon to see people walking around with lottery tickets hanging from their necks or even in their pockets. There is an inextricable human impulse to gamble. This is evident from the fact that we have been gambling for millennia. However, there is also a more sinister underbelly to the lottery: it encourages the covetousness of money and things that money can buy. In fact, the Bible warns against this. “You shall not covet your neighbor’s house, his wife, his servant, his ox or donkey, or anything that is your neighbor’s” (Exodus 20:17). Lotteries are an attempt to sell the lie that you can have everything you want without having to work for it.

In the 17th and 18th centuries, lotteries spread from England to America, despite Protestant proscriptions against gambling. Lotteries were especially popular in the colonies, which needed to fund a variety of projects. They became a common method of financing the settlement of the continent, allowing the colonists to avoid imposing excessive tax burdens on their citizenry.

Early American lotteries were often tangled up with the slave trade in surprising and problematic ways. George Washington managed a Virginia lottery that gave away slaves, and the winner of one lottery’s jackpot purchased his freedom and went on to foment slave rebellions.

Lotteries revolutionized the gambling industry. They are based on the idea that people prefer a very low chance of winning a big prize to an even lower chance of winning something smaller. That is why the more money a jackpot grows, the fewer people are likely to win it. The New York lottery, for example, started with one-in-three million odds and now has them at about one-in-forty-five.

The wealthy do play the lottery, of course; three asset managers from Greenwich, Connecticut won a quarter of a billion dollars in the Powerball lottery. But on the whole, rich people purchase fewer tickets than poor people, and their purchases make up a smaller percentage of their annual income. According to the consumer financial company Bankrate, people earning more than fifty thousand dollars per year spend an average of a few hundred dollars on lotteries each year. Poor people, by contrast, spend thirteen percent of their annual income on them.

The other message lotteries are promoting is that they are good for the state because they raise revenue. This is a claim that is difficult to verify because states are not transparent about the way they spend their money. It is hard to assess the costs and benefits of lottery funding because those are rarely measured or compared with the cost and benefit of other forms of state spending, such as education, public safety, and infrastructure.