Why Powerball Is A Terrible Way For States To Raise Money

Ok, I’ll admit it. I bought some PowerBall tickets.

I did not win.

At the lunch table we were discussing whether or not the lottery was an economic stimulus of sorts. This post sheds a little light on to that topic…

Why Powerball Is A Terrible Way For States To Raise Money

“About 35 percent of the money dedicated to lotteries eventually winds up back in state coffers.”

(Via ThinkProgress.)