Lotteries Exposed

"The history of lotteries spans over four millennia. The modern version of them arose out of a need for a form of more state funding that wouldn’t raise taxes. Jackpots have reached record levels in the past few years. And 'Americans now spend more on lottery tickets every year than on cigarettes, coffee or smartphones,' writes historian and author Jonathan Cohen. Cohen is author of 'For a Dollar and a Dream: State Lotteries in Modern America,' a comprehensive history of America’s lottery obsession. In the book, he points out that lotteries are much less profitable for states than some proponents say, but on the other hand, they are extremely lucrative for private companies that manufacture tickets. Cohen joins WITHpod to discuss the evolution of lotteries, changes he thinks should be made to the way they are run, public misconceptions about the revenue generated by games and why he says state-run lotteries shouldn’t exist."

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Has the Lottery Played Us?