Tag Archive: State lottery

We have all read stories about the effects that winning huge sums of cash via the lottery can have on the winners. Suddenly, their lives become a crazy adventure of mass spending until, not only is all the cash gone, but they often end up with serious debts. As a minor criminal, Ronnie Music jr thought he could turn his life around after winning £3 million. So rather than spending recklessly, he "invested" in a new business. Which was very responsible. Unfortunately, he chose the meth business!

In August 2020, a player stopped at the local Mobile gas station and purchased a Powerball ticket for that week's draw. Well, the prize remained unclaimed for virtually the whole year. With the deadline for producing the winning ticket having just a few hours remaining on the clock, the ticket holder finally appeared at the state lottery office to claim his $500,000 prize. Talk about leaving things to the last minute. Luckily he heard the last call from the lottery company over the car radio.

Many of the public buy lottery tickets in the same way that many gamblers play on the progressive slots: all in the hope of winning life-altering amounts of cash as a prize. So the question is which has the better chance? When you compare the lottery odds with those of the casino slots, it's not as simple as it might first look. There are some factors that you must keep in mind in order to better your chances with both options. With lottery tickets, you can simply purchase more for better odds.

Lotteries have a house edge. It's simply the amount of money held back to actually run the lottery. Lotteries are expensicve to hold and so company involved will hold back up to and over 50% of the total take.

Having a punt or a flutter will get you to prison in some countries where all gambling is banned. There are any number of reasons for outlawing gambling but many point to a fear of moral decline. That's because in many cultures, gambling is considered a mortal sin, like drinking alcohol or premarital sex.