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gruez
on March 5, 2025
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There Was a Texas Lottery Arbitrage
What's the market that lotteries are supposed to "serve"? Taking money from poor people (lottery tickets are disproportionately bought by them) and giving them to the government, basically working out to an regressive tax?
Apofis
on March 5, 2025
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It's not really helping those poor people when those same lotteries are then bought by large corporations for profit.
recursive
on March 5, 2025
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You're right, but it's also not helping them either way. There was never any help to be had.
throw16180339
on March 5, 2025
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Poor people bought tickets in the illegal numbers racket (
https://en.wikipedia.org/wiki/Numbers_game
) before state lotteries existed.
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