Thursday, July 24, 2008

Study Reveals Why Low-income People Buy Lottery Tickets

Although state lotteries, on average, return just 53 cents for every dollar spent on a ticket, people continue to pour money into them -- especially low-income people, who spend a larger percentage of their incomes on lottery tickets than do the wealthier segments of society. A new Carnegie Mellon University study sheds light on the reasons why.

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