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MH1

(17,600 posts)

3. A lot of non-poor buy lottery tickets.

Reply to Reader Rabbit (Reply #2)

Sat Jan 7, 2012, 12:55 PM

Jan 2012

Often when the pot gets big enough, groups of coworkers will all buy tickets as a pool. If any one wins, they split the pot. That improves the odds of winning for everyone in the group.

Which is why you often hear about a group of coworkers winning the lottery.

Usually these folks aren't what is generally meant by "poor" although they aren't rich either. (Some make enough they would be derided as "rich" by some posters on DU though.)

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Highlight:

The 5 businesses that rip off the poor [View all] liberal N proud Jan 2012 OP

Post removed Post removed Jan 2012 #1

State lotteries should be on that list. Reader Rabbit Jan 2012 #2

A lot of non-poor buy lottery tickets. MH1 Jan 2012 #3

More accurately it is a tax on the mathematically challenged. MedicalAdmin Jan 2012 #4

In economic parlance, many people derive "utility" from the *chance* to win. So the money isn't Romulox Jan 2012 #6

Bingo. Scuba Jan 2012 #11

Donald Trump bought a number of Powerball tickets a while back ... zbdent Jan 2012 #7

Winning for him would be pocket change liberal N proud Jan 2012 #9

Innumeracy is even more rampant than illiteracy.. Fumesucker Jan 2012 #12

Nike. nt Romulox Jan 2012 #5

+1 Fumesucker Jan 2012 #13

Banks are the worst... NightTemplar Jan 2012 #8

That's one reason why I never pay for anything with a debit card Art_from_Ark Jan 2012 #14

Books by Gregory Squires ProgressiveEconomist Jan 2012 #10

Why do people lease used cars? high density Jan 2012 #15

I think they prey on people who can't manage to come up with a few hundred dollars for down payment liberal N proud Jan 2012 #16

That and credit rating OriginalGeek Jan 2012 #17