1. You are more likely to be hit by a lightning bolt than winning the lottery!
Although this may be true of some lotteries for the vast majority of them it is not. This was clearly demonstrated in 1997 by the then Iowa Lottery Commissioner Ed Stanek who has a doctorate in physics!
Back in 1996 there were 96 people who were hit by lightening. Unfortunately they died as a result of their injuries. Whereas there were one thousand, three hundred and thirty-six people who won $1,000,000 or more from lotteries and four thousand, five hundred and twenty people who won either $100,000 or more.
This does not even take into account all the smaller prizes below $100,000 but larger than $10,000!
2. Lotteries are a way of taxing people.
Taxes are levied by governments to pay for the running of the country and to cover national debt. You are never forced to play the lottery. Playing a lottery is completely a matter of choice.
3. The lottery is used to entice the poor to part with their money.
For company to be profitable, including lottery companies, they must target potential customers who can buy their products. Targeting poor people who cannot afford to buy your product is not good business sense!
Lottery winners have come from all financial backgrounds including people who were already millionaires!
4. Only winners benefit from the lottery.
Although this is one of the most popular myths about lottos it is by far the easiest to bust.
Not only winners benefit from the lottery. For instance all the big lotteries have some kind of charity donation scheme. A great example is the British lottery which not only supports many charities but also invests in local and national business throughout the United Kingdom.
Retailers who sell lottery tickets get a commission on the sale. Employment is a by-product of lotteries from jobs for the lottery company to jobs in shops and in supporting companies. Advertisers get paid for lottery advertisements which helps create and sustain employment.
Buying a lottery ticket and watching to see if your numbers are drawn is also an enjoyable experience for many people and it is certainly worth the small investment it costs.
5. When you play the lottery you can become a heavy gambler!
People who gamble a lot are usually people who have addictive personalities. It has been demonstrated that gambling addiction, like many (if not all) other addictions, is based on many different factors that are usually rooted in psychological and biological factors.
It has been shown in many studies on the lottery and gambling addictions that the lottery has very little effect on gambling behaviours. Very few compulsive gamblers are satisfied with lottery gambles and seek much more immediate and larger scale bets.
Although this may be true of some lotteries for the vast majority of them it is not. This was clearly demonstrated in 1997 by the then Iowa Lottery Commissioner Ed Stanek who has a doctorate in physics!
Back in 1996 there were 96 people who were hit by lightening. Unfortunately they died as a result of their injuries. Whereas there were one thousand, three hundred and thirty-six people who won $1,000,000 or more from lotteries and four thousand, five hundred and twenty people who won either $100,000 or more.
This does not even take into account all the smaller prizes below $100,000 but larger than $10,000!
2. Lotteries are a way of taxing people.
Taxes are levied by governments to pay for the running of the country and to cover national debt. You are never forced to play the lottery. Playing a lottery is completely a matter of choice.
3. The lottery is used to entice the poor to part with their money.
For company to be profitable, including lottery companies, they must target potential customers who can buy their products. Targeting poor people who cannot afford to buy your product is not good business sense!
Lottery winners have come from all financial backgrounds including people who were already millionaires!
4. Only winners benefit from the lottery.
Although this is one of the most popular myths about lottos it is by far the easiest to bust.
Not only winners benefit from the lottery. For instance all the big lotteries have some kind of charity donation scheme. A great example is the British lottery which not only supports many charities but also invests in local and national business throughout the United Kingdom.
Retailers who sell lottery tickets get a commission on the sale. Employment is a by-product of lotteries from jobs for the lottery company to jobs in shops and in supporting companies. Advertisers get paid for lottery advertisements which helps create and sustain employment.
Buying a lottery ticket and watching to see if your numbers are drawn is also an enjoyable experience for many people and it is certainly worth the small investment it costs.
5. When you play the lottery you can become a heavy gambler!
People who gamble a lot are usually people who have addictive personalities. It has been demonstrated that gambling addiction, like many (if not all) other addictions, is based on many different factors that are usually rooted in psychological and biological factors.
It has been shown in many studies on the lottery and gambling addictions that the lottery has very little effect on gambling behaviours. Very few compulsive gamblers are satisfied with lottery gambles and seek much more immediate and larger scale bets.
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