Question of the Day: What percent of Americans bought a lottery ticket in the past year?
- Do you have family or friends who buy lottery tickets? How often do they play? Have they ever won significant jackpots?
- Do you think buying lottery tickets is a wise financial decision? Why or why not?
- Would it surprise you to know that more people buy lottery tickets than invest in the stock market? Why do you think that is? Remember that overall long-term stock market returns are 7-9% annually while lottery tickets have a negative expected value.
Behind the numbers (Gallup):
Roughly half of Americans say they have bought a state lottery ticket within the last year, similar to the figures recorded in 2003 and 2007, but down considerably from the 57% who said they played the state lottery in 1996 and 1999. This trend has occurred even as the number of states with lotteries grew over this period from 37 states and the District of Columbia to 44.
See how your students fare playing the lottery with this new Interactive: Win the Powerball!