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There are a number of reasons why you should not play the lotto. The expense can get away from you. A great deal of money very quickly can drive many people insane. Too much money too quickly can precipitate a lot of bad decisions. The below information from Money Crashers is a textbook cautionary tale. At the end of the article, it says the reason you should play the lotto, it is just for fun, with no expectation of winning while not spending money you don’t have. That’s what we do here at Lotto Central.
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The Lotto Is For FUN!!
Each ticket costs the player $1. The Powerball lottery holds the record for the largest lottery jackpot ever; in 2006, $365 million was awarded to eight people sharing one ticket.
The single surefire way to win money from playing the Powerball lottery is to buy 39 tickets, each one hand-picked to contain one of the unique Powerball numbers between 1 and 39.
Based on these odds, a lottery player living a single mile from a store selling lottery tickets is four times more likely to die in a car accident driving to the store than to win the Powerball jackpot.
Winning doesn’t seem too likely now, does it? Keep those odds in mind the next time you drive to the store to buy lottery tickets! The True Cost of Playing the Lottery Learning more about the odds of winning a big jackpot may not be enough to discourage you from buying daily or weekly lottery tickets.
Often less educated about finances and less likely to save money for retirement, these lottery players don’t view the expense of a few lottery tickets as a major cash outlay.
Millions of people buy lottery tickets every week and don’t expect to win anything back; it’s just a game to them.
What are your thoughts on winning the lottery? Do you play for fun, or to win it all one day?
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