Lotteries are exploitative by nature, schemes presented by the authorities that run them as opportunities for sudden prosperity while in reality they are almost always anything but that - often leaving those who regularly participate in financial ruin.
There are very clearly dangers associated with sports wagering, but states ought not to ignore or mislead the public regarding the extent to which lotteries and the like are far more dangerous to their participants as the alarming statistics presented here bring to light.
The grim truth is that Powerball contests and other lotteries are advertised by the states that participate as fast tracks to wealth beyond imagination, while many of those same states repeatedly warn us about the pitfalls of wagering on sports.
Studies show that lottery participation is more common - and more available - among poorer Americans & in poorer neighborhoods, a fact which comes about by design, not by accident. As such, those most in need of the state's support are instead exploited for additional revenue.
Hi, my name is Jim “Mattress Mack” McIngvale, and I’m the world’s most famous gambler. In light of the controversy surrounding Monday night’s Powerball lottery, I feel compelled to weigh in with my thoughts on lotteries in general. Thread 🧶: