The Truth About the Lottery
The lottery is a form of gambling where prizes, including money, are awarded by drawing lots. It is usually conducted by a government, but may also be run privately or by a corporation. Lotteries are generally considered to be a legitimate method of raising funds, especially for charitable causes. However, there are a number of concerns about the fairness and ethics of the lottery.
Although the odds are long, many people still play lotteries, largely because they feel like they have a chance to win. The reality is that the winnings aren’t nearly as big as they make it out to be. Almost everyone who plays the lottery loses, and most of those who win aren’t the top 1% of the population.
When you buy a lottery ticket, you can choose your own numbers or select a quick-pick option that randomly selects your numbers for you. The numbers are then drawn bi-weekly, but many of those drawings won’t produce a winner. When this happens, the prize gets rolled over to the next drawing and the odds get even worse.
State governments profit heavily from lotteries, even though the average winner only wins a small fraction of the total prize. Part of the proceeds goes to commissions for lottery retailers, the overhead of the lottery system itself, and some portion of it is earmarked for education or gambling addiction programs. The rest of the money is used for marketing and advertising.
The post The Truth About the Lottery appeared first on villagesanclemente.org.
Source: This article was originally published on Village San Clemente
About the Agent
Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
Offering expert Home Buying and Selling Real Estate Services in: San Clemente, The Pier Bowl, Laguna Niguel, Dana Point.
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