State lotteries

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State lotteries

  1. 1. Generating revenue or ruining lives?Jordan Nelson Period 2A
  2. 2.  The topic of gambling has been debated throughout time. Highly discouraged (or outlawed) by earlier cultures. State lotteries are often criticized the most because of the “get rich quick” appeal.
  3. 3.  Where are lotteries allowed? Who can play and what does it cost? What are the negative factors? What benefits, if any, do state lotteries have? What does the future of the lottery industry look like?
  4. 4.  Large payouts and instant rewards Scratch off tickets Not knowing when to stop Can spend upwards of $20 per ticket
  5. 5.  Money cannot buy happiness Spending money one does not have Credit for lottery? Bad Idea Bills > Lottery Money is not invested, it is quickly spent and then winners are left with nothing
  6. 6.  Lotteries do more harm than good Economy is sending most lotteries downward Poor people are spending more, hoping to get out of debt In the end, little or no difference with expenses
  7. 7.  Money really CAN buy happiness  Direct link by researchers States are using lottery money for good things States would rather gambling money be spent towards the state then private companies.
  8. 8. Money is being taken from intended uses (school and environment) for other deficitsPrivate companies still have majority
  9. 9.  Lower Poverty Increase overall happiness Stop rampant spending Quit using the money of citizens to cover government debts
  10. 10.  Lotteries not only can cause depression and bankruptcy, but degrade the economy and prey on the less fortunate of society. They government uses our hard-earned money (albeit wasted) to fix their deficits, instead of putting it in the intended funds.

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