Think differently about the lottery.Many people look at the lottery as a scam game that only lies and deceives people. But is lottery really that bad? Consider the following points and you might change your perception towards lottery –
Retailers who sell lotteries earn a commission (5% or higher) on lottery ticket sales. Moreover, there are retailer incentive programs where retailers can earn bonuses on large prize-winning tickets sold at their stores. Depending upon the size of the jackpot, retailers can earn up to $1 million for selling the winning ticket. Lotteries basically let players and retailers win together!
Lotteries in some states donate a significant share of their lottery revenue toward the Veterans Commission’s Fund for veterans’ assistance. This organization awards grants to non-profit organizations and local governments that address the needs of veterans and their families.
Supporting Education programs
Most of the state’s support their education system with lottery proceeds. Consider per example the South Carolina Education Lottery which was established in January 2002 with the initiative to increase revenue for education and learning programs. They have successfully returned about $5 billion to the Education Lottery Account since then and continue to generate revenue for a better education system. Not only that, but they have also generated additional proceeds for scholarships and other educational programs worth nearly $3.46 billion. The mission of the Californian lottery is to maximize the supplemental funding for public education.
Along with them, other states that contribute to their educational programs from lottery proceeds are Arizona, Montana, and Missouri. These states help students pursue degrees in science, technology, math, healthcare, and engineering.
The odds of winnings are not always great but we still stand a chance to build a better world through lotteries. Even if an individual doesn’t win, he can contribute to the public programs supported by the lottery of his respective state. Therefore, as long as we play the lottery responsibly, it is not a bad investment or bad thing to do!