Poor People Spend 9 Percent Of Income On Lottery Tickets and Keno

Is this really a surprising number? When you have so little, you gamble a bit to think about getting rich, and well it leads to poor tracking of how much you spend right? Right.

The study neatly illuminates the sad positive feedback loop of lotteries. The games naturally appeal to poor people, which causes them to spend disproportionate amounts of their income on lotteries, which helps keep them poor, which keeps them buying tickets.

Via The Consumerist

At Frontgate

Read More in: News

Share this Article with others:

Related Articles:

• Randy Couture Charity Poker Tournament: October 30 - Oct 18, 2010
• Lion Mauls Trainer at MGM Grand Casino in Las Vegas - Trainer Lives - Sep 10, 2010
• Mass Gov Pushes Casino Bill - Will it Pass? - Jul 23, 2010

Came straight to this page? Visit Casino Snob for all the latest news.