TweetEmailThe only time I’ve ever played the lottery is when the Powerball pot gets to be astronomical and my co-workers pool together some money to buy a few tickets together (this was several years ago). That being said, a lot of people still play, knowing full well they’ll probably never win. Ken Proxmire won $1M in the Michigan lottery, immediately moved to California and into the car business with his brother and was bankrupt in five years. Willie Hurt won $3.1M in 1989 and was broke two years later and charged with murder, having spent all the money on a divorce and crack cocaine. Charles Riddle won $1M in 1975, he then got divorced, was sued, and indicted for selling cocaine.
Janite Lee won $18M in 1993 in the Missouri lottery, did a lot more good with her many than anyone else on this list, but was bankrupt eight years later.
Hopefully these stories have scared you away from the lottery… because even if you win, you lose. Anecdotes about six lottery winners who lost all their money is not proof that the lottery is bad.
Going to a casino usually costs an entire day of travel and involves sitting in a dark, loud, smokey room.
People who spend too much money on lottery tickets, just like people who squander all their winnings, have other problems, and while the lottery may facilitate these problems, it is not bad in and of itself. Winning the lottery is not a curse any more than getting your paycheck at the end of the week is a curse. Stupidity, ignorance, frivolousness, and materialism are the self-imposed curses that the majority of lottery winners suffer.
If your first chance is zero, and you double your chance by playing a second time, then your second chance is zero as well. Best gambling game I’ve ever played was the one you put in $1 and get four quarters out.


Just read all of the comments and as a weekly lottery player- I found many of the comments here to be superficially jugdemental. Ultimately, everyone has a view on what they deem a waste of money- the lottery is no different. If the chances of winning are so low or almost impossible , how did a guy in this article win large amounts 5 times in a few years?? Here is a stat; About 1500 people win over a million every year which averages to about 3-4 people a day. I think it’s a great way to let people have a dream and have some fun while at the same time donating to education. Hey, I am kinda young but I get that the scratch off ones are actually better if you want to win something because all the ones for 1 dollar at Giant have multiple prizes and like a grand prize and stuff and I went over to my friends house for Odyssey of the Mind (look it up if you want) and I saw he had some lotto tickets (5) and they were the one dollar kind and I saw that he already won like 40 something dollars so if you want to enjoy winning and you are fine with not being filthy rich and do not want to take the risk of going bankrupt then try the 1 dollar scratch offs.
Awesome now if only my parents would have followed your advice I wouldn’t have to play this no win game! Imagine turning on the local news to discover that the winning lottery numbers match those on your ticket. Picking the right numbers for lotteries will determine whether or not you win in a certain lottery. Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Outside of a few scratch off tickets for grins and giggles, I avoid lotteries unless they’re for local charities. Well, I’m going to back up that bit of advice with proof, beyond the obvious, of why the lottery is bad and what you should be doing instead. You are more likely to get struck by a lightening bolt while sitting in your car parked in the back of a jumbo-jet than you are to win the lottery. His former girlfriend sued for a part of the prize, his brother hired a hit man to try to kill him, and he was duped into investing in several businesses that failed.


If you were to put that in the stock market, earning a conservative 5% a year (let’s ignore this last year), you would have $60,345 after twenty years. Doubles your chances that are incredibly small in the first place, but you are still twice as likely to win! If someone was to offer you a large sum of money, would you really turn it down because “bad” things might happen? All that money I would be spending on diapers, clothes, crib and whatnot, I’m using for my chance of winning and I still got left to save. Also, my creditors will not take to kindly of waiting 30 – 40 years for my investments to mature. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page.
If you were to go to a casino, the worst games you could play give the house an edge of around 25% (Keno, Big Wheel). Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime. Buying a ticket here and there is not a terrible thing, not knowing how to handle it when you actually win is a totally different thing.
You will never hear a person who just won 250 million dollars say bad things about the lottery. The AVERAGE WINNER SPENDS about $150 DOLLERS a YEAR on lotto tickets not $1825 like the article suggests.
Even if you were to stick it in an online savings account at only 2% (and if it were to stay at 2%), you would still have $110,233 after forty years.



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