Comments on: Lottery Tickets: Worthy Investment or Waste of Money?

By: bob

bob — Fri, 01 Jan 2010 00:58:48 +0000

I buy a 2 dollar ticket once a year

By: Matt

Matt — Mon, 19 Oct 2009 03:34:35 +0000

Being that the money you spend either goes to 1 of 3 places, I think the answer to whether buying lottery tickets is a waste or not is really decided by what kind of person you are. A greedy person will only look at losing the dollar and not at where that dollar ends up. If you lose, a portion of your dollar helps pay the clerk working in a store that sells the tickets. Another portion goes to the pot of money that makes somebody’s day brighter when they see their numbers have came out. And finally the rest of that dollar goes into our education system, and thankfully so many people have contributed to the billions that the Virginia Lottery has donated to public schools. Then there’s the side of playing that dollar where your number comes out, you look at it in disbelief, and your worries about how you were gonna make that one dollar get you enough gas to make it to work for the rest of the week disappear. Or in case you played the mega millions with that dollar- your worries about any financial problem you may have been stressing over all kinda fade away.. or at least I would believe they would. I still haven’t played that dollar yet.

By: Max

Max — Wed, 18 Jun 2008 18:00:25 +0000

Hi – just wanted to say good design and blog -

By: No Debt Plan

No Debt Plan — Mon, 09 Jun 2008 18:28:44 +0000

Played once per week for $1, for 20 years, earning 5% return, the money is worth $1,805. Did the calculation a while back: http://www.nodebtplan.net/2008/03/06/dumb-money-the-lottery/

Lottery = stupid. Don’t get me wrong, it would be great to have millions of dollars land in my pocket… but still, waste of money.

By: Frugal Canadian Living

Frugal Canadian Living — Thu, 05 Jun 2008 14:04:01 +0000

Lotteries are a tax for the poor. Someone once told me that when the economy is in a depression the best stocks to buy are gambling stocks people will gamble more when they are desperate for money.

The chances of you winning at next to none…..