A Friendly Reminder That the Lottery is a Regressive Tax

Nobody won last night’s Powerball drawing, sending the jackpot soaring to $750 million for the next drawing on Wednesday. That makes this a good time to remind ourselves that the lottery is a regressive tax disproportionately paid by the poorest Americans. The average adult in the U.S. spends $325 a year on lottery tickets, 63% of which goes to prizes, the rest of which goes to state and local governments.
Read more: https://medium.com/@jackiethornhill/a-friendly-reminder-that-the-lottery-is-a-regressive-tax-951438b98c30?source=Snapzu