Recent studies have confirmed that the people that have low incomes are much more likely to purchase tickets and this is most likely they need the money more on a daily basis than people who make much more money. One study showed that households which made only $10,000 a year would spend on average at least 3% of this amount on lotto tickets. This can add up to be quite a lot in a year’s time.

The Reason Lower Incomes Buy More Lotto Tickets

Obviously, people who make less money wish to make more and this is part of the reason that people purchase lotto tickets. However the connection between playing the lotto and low income is thought to be a bad thing because low income people try to improve their financial situation with the lotto and most likely it is just a dream.

Also, it is quite common for lower income people to be much less educated than higher income people and this also may play a huge role why they are investing money on a lotto that may only provide false hope. Also, many of the low-income families participate in the state lotto and this one also has the least payout. This is another reason why it would be much better for players to invest in a more sound way to improve their financial status rather than relying on the lotto to do so.

The Psychological Status of Lotto Player

Many of the low-income participants in the lotto may feel down on life and put a lot of faith into participating in the lotto. This is why perhaps so many do play the lotto because it makes them feel much better about a bad financial situation and even though the chances of winning are slim, just the fact that there is a possibility of winning, make people feel better.

Suppose you are uneducated and aren’t making a lot of money? Perhaps you see no way out of this situation, so you try to make the best out of a bad situation. So, you play the lotto. This is why so many people play on a regular basis that is in fact low income. Also, this is a great way to have fun relatively cheaply when you purchase a ticket and set back and wait to win. You may not be able to afford an expensive vacation, so you take a few dollars and play the lotto. This is how many low income people feel about playing the lotto and do so because it may be all they can afford.

For, as far as the statistics go, for 18 people to have selected the six winning numbers, a total of 252-million tickets would have to have been sold to fit with the odds.

Source: The Daily News (SA)

Each person won R1,2-million, although 10 people have not claimed their winnings.

Source: The Daily News (SA)

‘If I can just make one more winning bet, I can turn my fortunes around,’ Gu Yungui says. ‘I’ve already lost almost 60,000 yuan ($8,780). This is my last chance.’

Source: TajikistanNews.net

On February 7, the Lotto made 18 South Africans millionaires in one go. And with one’s chances of winning the Lotto one in 13 983 816 or, in percentage terms, 0,0000072 percent, some were left frowning and a bit suspicious at this remarkable turn of events.

Source: The Star (South Africa)