Lottery Economics

Lotteries add very little to the incomes of most state governments; the average lottery state realizes only about 3.6% of its income from its lottery. The same market forces that reduced Alabama’s tax revenue would have the same effect on a lottery. The market for large-scale gambling in the in the U.S. is already flooded: 95% of Americans already live in a state with a lottery, and most are within a few hours’ drive of one or more of almost 1,000 casinos scattered across the country.

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