Do Lotteries Promote Excessive Spending? June 22, 2022 niningficka Lotteries are games of chance. Their result is determined by random drawing. The games are popular and often promote excessive spending. Governments benefit from the games by increasing tax revenue. There are several negative aspects of lotteries. Some people feel they promote excessive spending, but the benefits far outweigh these negatives. Here are some of the most common complaints. The word lottery has several possible origins. The word lottery may also be a derivative of Middle Dutch lotinge. Lotteries are determined purely by chance Unless you’re a superstitious person, you probably know that lotteries are purely by chance. After all, chance is the opposite of probability. Despite our beliefs, we’ve been drawing lots for as long as humans have existed. Many ancient documents record drawings of lots in which one person wins half of the proceeds. And, of course, there’s the lottery itself, with jackpots worth millions of dollars! They are a big business Lotteries are a big business. If you play the lottery often, your odds of winning don’t increase. However, you do reap benefits if you have children in the public school system or participate in a state-run program. After all, the money goes to a good cause. The proceeds from the lottery fund many state programs. Therefore, the money generated from playing the lottery is a good investment. They encourage excessive spending If you’re not sure why people play the lottery, you’re not alone. Lotteries are a common source of impulsive spending. While they can be entertaining, people also have a hard time deciding how much to spend – and this is a major problem in our society today. Lotteries encourage excessive spending, but do they really? The answer is yes, but in a different way than you might think. They are a source of revenue for governments While some people may argue that lotteries are an unnecessary source of revenue for governments, this is not the case. While lottery revenues help supplement state and local tax revenue, they only make up about 2 percent of the state’s education budget. The question then becomes, should lottery revenue be a part of government budgets? The answer depends on what is considered fair. For instance, if the lottery was a form of theft, the government would be outraged. They can be a source of jealousy If you have been fortunate enough to win a lottery, you may feel a sense of jealousy. This is understandable, since sudden wealth can be a source of mental health issues. People who win the lottery are prone to depression and even dangerous drinking and drug habits. The stigma surrounding lottery winners makes these mental health issues worse. Additionally, their peers find it difficult to empathise with them and tend to dismiss their hardships. This lack of empathy can create a sense of loneliness and isolation.