Just the "its a tax on the poor" is a little demeaning to the poor. It's a tax on gamblers, and it just so happens that there are more lotery gamblers among the statistical group of the poor than among the rich (perhaps there are just as many rich gamblers too, just gambling on cassinos or horses, or shit, stock markets?). But saying its a tax on the poor implies all poor people are irresponsible gambling fools that waste the money away at scrach offs, which is very incorrect, the high amount of money spent on lotery by the poor on the statistics is raised that high by a small cohort of that population.
@@eduffy4937 People who are perpatually poor, often are like you desctibe. Some others are just temporarily poor, but slowly taking steps into higher incomes. Just as some people are rich not because they manag their money well, but because their grandpa did, and they themselves are just chipping away at what they inherited for free. Socio-economic inertia is a thing.
Here in Florida, some of the money raised by the lottery is used for scholarships. I once heard someone say: "The lottery is low-income people sending middle-income people to college." That has stuck with me ever since.
300 million $ went to Missouri schools from the Missouri lottery in 2022 alone. I don't like the word scam cause it carries a negative connotation. Sure someone getting rich, but its 1000x better than pretty much every other business in terms of overall contribution to society imo.
@@PherPhur yeah only if in your head a new whatever $300 million business is not going to decrease the prices of that product. Probably in your head collages and university are not money making business either. Basic question if you have excessive amount of collages, dairy, or some other products or specific food in your area will it going to be cheap or expensive?
For a college course, I wanted to investigate how Pennsylvania allocated its lottery funds "to benefit seniors," as the ads put it. I contacted the state revenue service to request some data, and I was pretty much treated like a terrorist. Everyone I spoke to was evasive at best, but usually downright rude. "Why did I want it," was the usual retort to the request; often they wanted my phone number for a callback. Finally, I received by mail a single sheet document with columns of numbers but without any context as to time periods covered and so on, much less where the money went. Years later I discovered that funds were used to supplement seniors' prescription costs, but eligibility was stringent with high deductibles AFTER Medicare D plans. Terrific video!
Sounds like your research for that class did not go well. Honestly, part of that is probably simply because you were a student who government bureaucrats do not have to take seriously. Credentials would have gotten you further. And if not, you could have used some of the skills journalists develop (if they are any good.)
@@RobespierreThePoof You shouldn’t need credentials to access records that they publicize as public. If they want it to be private they shouldn’t promote it as such.
Yeah, so the funds barely did what they said it did. A tiny little vein of help for the seniors and I suppose the main majority of the funds went elsewhere.
The worst part is if you tell people who buy the lottery regularly that its the government's way of taxing them, they go into denial mode... and usually these are the same folks that hate the government or think they're so smart that they're not paying actual taxes to the government... I always say the government is the one having the last laugh.
The "anti-government" crowd are usually the most susceptible to other money scams too like MLM, pyramid schemes, and other Ponzi and get rich quick schemes. Best not to mention that to them, it's fun for them and education for you.
I don’t want to be stating the obvious, but the government isn’t the only one that runs lotteries. It would just be another private corpo. Like the PNE with their free house lottery? Have you seen that? The only practical solution would be to ban lotteries altogether
@@popopop984 We cannot do that anymore. Look at what happened when alcohol was banned. lmao People. The best and only path is to educate people, and i'm not talking about schools. Just give the the info, make them realize what they are doing (basically what this video does too).
It's not a tax. The key distinction is that taxes are involuntary and enforced by legal penalty. Buying lottery tickets, while dumb, is entirely voluntary.
I used to work part time at a supermarket, and people coming to buy/check their lottery tickets were the WORST clients. A couple even called me stupid for not understanding their weird lottery jargon… yeah, because I’m not the one spending hundreds on that… rightttt
@@aleks-wy6uf 🤣 yeah bro, yet they keep complaining that they have no money and they need a winner and shit ¯\_(ツ)_/¯ buts it's probable I'm stupid
I use to work at a gas station. One customer would come with $700 in cash, and would put it on Powerball tickets every week. It was a pool of 14 workers at some company that tried to win the lottery. You see on each ticket would win 15% to 25% back, as I was the one scanning the tickets.
That's actually phenomenal return for them. At my job we would pool together half that amount for Powerball, about 35 of us, $10 each, and every time we would win between $6- $15. So the people you're talking about did very well Edit- I don't mean $6 - $15 EACH, I mean total for us to split 🤣
You know whats even more hilarious, these people would get upset if you took the lottery away. I used to work at an AMPM when I was 17, we had regulars that would buy tickets. I would ask them if they knew what their odds were, they said yes. One guy told me he knew for a fact he'd never win but the euphoria he got from daydreaming about winning was worth the money. That to me sounded crazy at the time but as an adult now, I can see its allure lol
When you get to that state you should look at yourself from 3rd person view and realize that you're just fooling yourself and it's unproductive in long run. Life is not a race it's a marathon
If they spent that money and time wasted daydreaming trying to actually build a business or get a better paying career or better themselves they’d be in a greater position. Problem is a lot of people are just lazy and want the easy way out of things.
It is hard to argue that those people are not making an informed decision. It is not the economically optimal decision, but neither is paying for lessons in watercoloring, or a huge ass Wroom-car or collecting pokemon cards or whatever other things people spend (waste?) their money on. From a certain point of view, buying a lottery ticket in order to derive greater enjoyment from watching the lottery on tv is not much different from paying for a netflix subscription or membership of a golf club.
What most people don't see or realize is that your odds of winning the lottery are 1 in 300 million, and only 3-4 times a year does someone win the lottery. They let someone hit the jackpot 3-4 times a year. And the odds of the machine are high, because the machine has to pick numbers that none of us have played, and the strange thing is that the machine always wins, draws numbers that nobody has played.
Interesting topic and very informative. Here in Japan, the lottery winner is kept secret and there are no taxes paid on winnings. You could win and not have to worry about long lost relatives suddenly showing up on your doorstep! 😂
The potential to just keep it all and pretend there are secret winners is too great as goverment is by definition ritualized corruption and manipulation of the general public. Power always corrupts and there is never enough money or power for the corrupted to be satisfied.
@@henvdemon AFAIK in US, in many states you can refuse to be announced. But because lottery is mostly used by low education people, they usually don't understand they can refuse to be announced and don't hire lawyer before collecting their winnings. There are lawyers who specialize on lottery winners and will help you to do everything without broadcasting your name, but most winners just rush in, agree to everything and get the money, without any planning or hiring the lawyer/adviser, because, well, they are mostly low education part of the society. There are also options on taking the winnings using trust instead of as a person. But yeah, even in states that allow this, many people still go with media rush. And even if your name is announced as a winner, the only things announced are name, city and the store you got the ticket. You can simply move the state/city and change the name after that, you will have money for that.
I stopped buying lottery tickets a year after I started buying them regularly. I learned I was losing more than I was winning and got bored of the losses. I realised it wasn't worth it, so I ditched the habit, worked overtime a lot for a long time, and now I have back all my losses. The way to win the lottery is not to play.
@@MediaMusik777 Anyone who wastes between 20k and 40k on lottery in ten years needs to sort out their priorities. That sort of money could go towards paying off a mortgage or ending some kind of debt.
So? It's still extremely rare and doesn't mean that millions are still being conned out of their losses. It still doesn't justify all the poor gambling addicts whose lives are ruined.@@elenaefremova7463
I wouldn't even say it's a case of lack of education, but rather a case of exploiting desperation. I know I spent the most on the lottery when I was about to lose my own house. I knew that the chances were almost impossible that I would win, but it was like I was hoping for a miracle to change my situation. A miracle I could opt into. That 5$ I was spending on the ticket wasn't going to get me out of my situation, even if I saved it, but even it was unlikely, it could resolve everything if I had won. So yeah, I think reframing it from "uneducated" to "desperate" would change a few perspectives.
It's not "desperate." I'm poor, but I can also do math, so it's a tax on people who are stupid. This often includes poor people, and we should be realistic about who is paying for these things.
@@CharliMorganMusic This to me sounds like somebody telling someone else that professional wrestling is fake. The vast majority of people who watch wrestling know its fake, and still chose to enjoy it, while I know a ton of people that know full well that their chances of winning the lottery are close to nil, and yet choose to participate anyways. It's the same kind of comment that leads addicts to hide their addiction, because they're afraid of being seen as dumb (as often repeat that kind of comment to themselves, leading to worse outcomes). Assuming that everyone who plays the lottery is "dumb" isn't realistic, it's detrimental, and leads to avoiding the problem instead of resolving it.
@@CeeJayLerod Yeah but Wrestling is fun to watch and is worth the money. I get what you are trying to convey though and you are right to some extent, but while the majority of people who play lottery fully know it is unlikely to win, not that much know that it's more likely that they get struck by lightning twice than to win the jackpot.
I work at a bar, and I see the same people come in to exclusively play the video lottery. They rotate between a few other spots to avoid some embarrassment, but I know a good chunk of their money goes into those machines. The saddest part is seeing their gambling slow down, they hit, and the cycle starts all over again.
I sort of knew the lottery was a tax on the poor, but had never thought about how the money is taken away from poor areas and given to programmes that dont benefit them. Really interesting way of framing it.
I don't like the lottery because it takes advantage of the uneducated, but I think calling it a tax is silly when it is voluntary. (Setting aside those who do or don't believe in free will vs determinism) no one forces people to buy a lotto ticket. To me it is less a tax, and more just a predatory scheme.
My wife & I would always tell my grandmother she needs to stop buying loterry tickets & giving 10% of her income to her church bc she was already in so much debt. She got to the point where she would scream at us trying to convince us she does neither. After she passed, we find all kinds of receipts & paperwork that she indeed did both. She gave away so much money & played the lottery like a psychopath thinking she was going to win canceling out all of her debt. My wife & I both refuse to do any kind of gambling, nor do we voluntarily give away any of our money to anybody or business/corporations that have their hands out. We work hard for our money & the government already STEALS more than enough in taxes from hard working middle class families as it is, so we will never give not even an extra penny willingly. It's absolutely ridiculous how much extra money the government gets from various "deals," yet we are still trillions in debt.
Read up on Strongtowns and the growth Ponzi scheme. It doesn't explain everything, but it does explain some of the bad economics going on. Especially in the US, but unfortunately also in many other countries.
The government is overgrown and corrupt. Elon musk spoke about a government efficiency oversight board. American leadership needs to be better, these taxes are pure communism
@Leslie-zn9ly the church my wife likes to drag me and our boys to has a coffee and donut budget that exceeds my annual income. This is for coffee and donuts for 2 services per week. TWO!!!!!
my father was a brave worker and he spent a good part of these wages on lottery and horse races, today he is over 70 years old, has never won a single faith and lives in social housing, it is one of my best life lessons 😊
@@charlesgale4257 Yeah my father smoked so much, that he could have probably bought a house if he saved all that money over the years. Can't say what's worse.
@@alittleeager1485 And you should say that about everything. It's just that cigarettes are way worse than any of those things. Super expensive, and you are still hungry after you smoke. At least if you are eating a burger each day you took care of one of your basic needs.
Just a note about better help (your sponsor). They have been giving away patient data to social media companies. IE they are giving your medical information to Facebook so they can advertise to you based on your private medical data. (Targeting you specifically knowing you have some diagnosed disorder) Don't use them, the company is shady AF.
Burden of proof is on the accuser. Yes, I looked it up and you have a valid point, but all the people reading your comment without a source is shady in itself. That's how disinformation spreads.
Fun fact: in Germany the lottery winner is not taxed from the government because according to German laws everything that you win in Germany its tax free
Just the other day I was at the train station trying to buy my sandwich and coffee before I caught my train and the person in front of me was cashing in their tickets and deciding how many more tickets to buy with their "winnings" 🤦♀️ I was getting super antsy thinking I'd miss my train. The line behind me grew to like 7 people when it started with just the one lady. I really don't think these transactions should happen person to person at a place like a train station 😅
It would be interesting to see a followup video covering the outcomes of people who _do_ win the lottery. I often hear that for a lot of them, it doesn't end well, because they aren't used to having so much they spend through it all very quickly and can end up poorer than they were before, or they get hounded by relatives and it can ultimately break their social life. Not sure how often that is vs better situations, but it would be interesting to see a data-driven breakdown if there is one.
They also are swarmed by scammers. Rich people can hire loyal advisers because those advisors know that they can achieve a long successful career advising people with stable and high income. Also conventionally rich people have connections to other powerful people who can share the reputation of these advisors. Not only are lottery winners less financially aware, there's no practical reason for anybody else to give them good long term advice.
@@Dominator9572 That's a pretty smart move, and taking the money over time is the only way to go... How could anyone possibly need so much at once that they'd be willing to lose half of it altogether?
Here in the Philippines, part of the lottery money goes to helping people with their medical bills. People line up to ask for financial aid every day. As a cancer patient, it has been immensely helpful for me.
I'm sorry to hear about cancer. I know it has to be tough and exhausting, physically and mentally. And yeah, I believe that any financial stuff should always be the LAST thing a person fighting cancer should be thinking about. That's so much extra stress to put up with on top of it all. Anyway, I hope everything is going well for you ♡ 💪Keep fighting, hun and much love and hugs to you! ♡ And FUCK CANCER. I hope and pray for a cure someday very soon.
That's shit mate. No one deserves fuckin cancer. Hope the money helps you kick it's arse. Good luck with the fight and I hope the universe lets you win the lottery of life 🙏🙏🙂
Yep a portion of money being used, are for charitable works. And also recently almost 400 people won the jackpot on a single night. You better check it out.
In The Netherlands this was actually criticised in the news a couple of years ago. Now the government passed laws to make their lotteries less attractive, by having limited commercials without celebrities and the lottery stands should be less prominent sight in stores.
@@Monkehrawrrr Huh?? What's ya problem with this vid? He has to put some entertainment value in it or no ones gunna watch it. And he came to the right conclusion. Did ya want it to just be 30 secs long and for him to say the lottery is a tax on the poor, stupid and desperate and that's it with no context......100% of your comment is incomprehensible. 🤷♂
Down here in Australia we literally have the highest rate of gambling in the world and there's heaps of gambling ads on the TV followed by some quick "gamble responsibly" bs and a gamblers help line phone number the Government forces em to up to pretend they care even though the Government makes a shitload outa taxing gambling. There's slot machines or poker machines or pokies as we call em in every pub or club. Most countries like the U.S. only allow em in casinos. But they're bloody everywhere down here.
"The lottery makes taxes fun." That may have been my favorite line. Thank you for this video and for the insightful look into this tragically unethical form of taxation.
I do not think it is unethical, it is a service you can take it or leave it. The government has to use their more wisely and addicts are a problem. There is also a good reason for higher earners to not take the service as for me 20M more would not change my life significantly. It will most probubliy mean more work.
It's not a tax literally nor figuratively. You pay a set fee for a chance at a set reward. That's literally it. Where that money goes is irrelevant. A tax is money paid directly to a government for a service. This is not that. And I think it's on ethical to deny people who are poor the chance to win millions of dollars for a tiny charge. It's also arrogant because you're assuming that the poor are stupid and don't know what they're doing. They know the odds of winning are incredibly low.
Yes! Tax doesn't have to be taxing. Another one tobacco especially in Australia,Ireland and the UK. Its over $20 dollars for a pack of cigarettes in Aus
Yeah like whom exactly gets all these millions and billions and how if every country on earth generates such money how does the interest invented from this on a weekly and monthly basis actually effect the global economy
@@Primo_extracts That was in South Carolina where my son had been enrolled in both a public and an expensive private school and I looked up the (publicly available) spending per student in the public schools... And found out that thousands more were spent on the public school children as compared to the upscale private school. Very interesting.
@@LisaCulton In SC, are private schools that don't discriminate with student enrollment allowed to claim some form of government funding? But, I wouldn't be surprised, since most things are supplied by the school in public schools, but you have to pay for almost everything in private schools. I don't actually know if your private schools include extraneous expenses in tuition costs. Most of the private schools I know are pretty expensive since tuition doesn't cover the other costs like equipment, food, books, specialized uniforms, etc.
the fact that you imagine spending all the money is like the main reasons I usually buy one lottery ticket at the end of the year. in the Netherlands, the biggest price is 30 milion at the end of the year, it's tax free as well
That is the psychology behind it. The imagination of being able to spend an ungodly amount of money is what convinces people to buy for the first time. It's fine if you can spare those few dollars a year but if becomes dangerous if you lack self control. The addiction pitfall you could end up in is horrible and very difficult to get out of.
@@brosaus Pretty much the only time I ever touch the lottery is when it gets really large and coworkers start doing pools to try and win it. And mostly for the joke of "you aren't winning and quitting and leaving me here by myself", I don't ever expect to actually win or start thinking about what I could do with it. And I never even think about the stupid thing when one of those work pools isn't happening. I could take the $2 and buy a candy bar or something. Still mostly a waste of money and bad for me, but at least I get to enjoy eating it for a few moments and that's more pleasure than a lottery ticket will likely ever give me.
I live in Alabama where we don’t have a lottery but everyone around me begs about a lottery and I have always seen it as a scam. Like whenever we would go out of state we would get one and get nothing
Bing joker lottery Win Win Win Win Johnny lottery Pottery Win 20 million dollar. It's good thing because we made money part time. Start tickets for 1$ buck to 10$ dollar Spam
Whether you save those few dollars for a beer, an investment or give it away to a church or homeless stranger, you will have done yourself a service, Mr Friday.
Insightful, well researched and important. Thank you! By the way, in Canada you don't pay taxes on lottery earnings as it would be considered double taxing.
WOOOHOOOO! Thanks man! I feel STRONG after watching this video, I was born poor, I NEEEEVER purchased a lotto ticket nor scratch things in my 51 years of life, many of my Hispanic family members have spent "mucho dinero" all their life buying everything, all the lottos and scratch tickets possible, I worked hard all my life and became a business owner so now at 51 I just receive money from my properties so I don't have to work just keep my renters happy, sadly most my uncles still poor at 70 buying lotto tickets with the social security check...is sad...the Government (Republican or Democrat) always taking from the poor...
@@imibuks-replit Thanks! I Thank GOD because he made me too "cheap" to buy lotto tickets LOL! for this reason I have never visit Las Vegas, no way Jose! : )
@@TheMELTDOWN911 I tried gambling when I was a kid, and I like to say that I was lucky to have never won any money. So in a sense, I really got lucky early. People who got "lucky" early, are still hooked hopping they can repeat that. The thing with me is, I barely respect the money I earn, and I still spend excessively. If I were to get a huge pile of money, it would destroy me completely. It's not just the money, but it would revive my ego and my illusions that universe does look after me after all. I would never recover my working habits, as I would now live in a universe where it is indeed possible to gain a lot of money without putting in a serious effort. I could never focus on work, because I would knew that there is a easy way out. It would make me a gambling addict forever. So, I prefer living this boring life, where I have to work hard for everything.
@@julius43461 You are the leader of your own destiny, never give up, but respect money, I guess I do respect money because when was a kid had nothing, my dad left us, so most of my childhood had nothing no toys no new clothes no fancy tennis shoes, only could afford buying second hand clothing, my childhood and teenager years were really bad, I even thought to be a drug dealer, Thank GOD I had a Mother who kicked my behind all the time, now at 51 and retired from work only living from the rent of my properties, really appreciate the way mom raised me, with a frickig belt on the hand at all times, I suffered a lot as a kid, I could even say I was abused, but Thanks to that, I live free now, good luck my friend and please respect money is the only way to be free, see I can afford a new Mercedes or BMW, but I drive a 2008 Ford Focus....
To me, the lottery is like "selling hope". My dad is strongly against any type of addictive substance (alcohol, tobacco) yet he's been sucked into the lottery for as long as I can remember (even before big names such as MM or Powerball were released). I don't blame him as he had to work multiple jobs to stay afloat back in the 80s. The fact that he sees the lottery as an "investment" can illustrate what addiction does to a person.
Daaanng . It's soo strange to me how a person can be against drugs and alcohol and other Addictions yet they themselve are stuck in gambling(which in your dad's case is lottery) and they don't even realise thats what addiction is.
Statistically you will never win the lottery. However statistically someone has to win... the risk/reward is there for the $2 games if you only play a few times a year when the jackpot is enormous but yes when people start gambling 25% of their income it's a problem.
I was super addicted to gambling for over 10 years, being fooled by my own crazy mind chasing that jackpot’ it’s disgusting how badly it can take over your life’ I made a gambling addiction support group if anyone here struggles with gambling! This video is awesome man! ❤
@@NAT-turners-Revenge I had to do the same thing brother, I was convinced I was a baccarat god until I ended up destroying all my savings. 50k in a month gone. I was given a trial of pain medications and lost total control. Self exclusion is what gave me my life back! I appreciate you sharing this my friend! I hope all is going well now brother!
Something that I think is intresting is what happened in the UK. Camelot was/is the company behind the national lottery which was the first lottery we had in the 90s It was up for renewal several years ago and Branston wanted to buy it and call it the people's lottery. His concept was more winners of a million and a million cap on the prize. This absolutely didn't happen.. He was villanised in the media instead and the national lottery just exploded with bigger games and lower chances of winning
I wonder if things will change now scamolot have lost the lottery. I have played both the lottery and euromillions from the start and never won more than £200 and in fact have only won twice both being under that 200 quid. I feel that it is just a tax on the poor and they play on the fact that the poorer element of society play it in the almost impossible belief that oneday those numbers will come up. But they won't will they.
The public has no say when it comes to where the money goes. If you look into who/what gets lottery funding you'd be very surprised, if not shocked and even outraged.
In GB instead of buying lottery tickets you can just make a one off investment in Premium Bonds. These go into a monthly draw FOR LIFE, the prizes range between £25 and £1m. Your heirs get the money back when you die. So all you lose is the interest you would have got on your investment.
We keep watching your video because you and your stories keep inspiring me. The fact that you are able to produce such great quality content on a regular basis, its amazing! Please keep doing this. Your knowledge and story telling has been extremely useful for me
Yes, it is about the psychological effect. It's like a drug in a way that casino games aren't. The fantasy escapism in imagining life with lottery jackpot winnings is a powerful thing.
I keep watching and not being a patreon because I'm disabled and my social welfare check money is barely enough to keep me housed and fed. I can't feed someone else too. I do contribute in other ways, like sharing your videos to whealthier people who may potentially contribute in a monetary ways, liking your videos, writing comments and all stuff that helps with the algorithm. Keep the good work.
Yeah I have tons of money but don’t support him or anyone else on patreon anymore because it’s a garbage site that’s very anti free speech. Some of the people I supported on Patreon accept direct donations via other means. So I still support them. But any creator that still uses Patreon I’ve stopped helping even if they do offer other options.
It's better than a tax where you don't get a chance to become rich overnight. And it's a tax people get to choose to pay. And it's a tax that helps keep other taxes from being raised. How's my math?
@@Thebreakdownshow1 more control more work. Jimmy has put tens of thousands of hours into crafting his channel and hundreds of millions of dollars. Even just among time you could put thousands of hours into RU-vid and still be near the bottom. There are more winners of the lottery than there are Mr. Beasts. You are more likely to win the lottery, but you are less likely to get return on investment in the lottery compared to if you craft a RU-vid channel.
@@gmarefan that is an interesting observation there are more lottery winners than Mr. Beasts in The World I still think cam more likely tobe RU-vidr than a lottery winner
Bing joker lottery Win Win Win Win Johnny lottery Pottery Win 20 million dollar. It's good thing because we made money part time. Start tickets for 1$ buck to 10$ dollar
Worst part is, almost every single winner becomes miserable and wishes they didn’t. There is a whole nightmare that comes along with being given absurd amounts of money.
Honestly because i learn a lot from your videos and can't support the news room so I stay till the very end to take as much in as possible all the time, I am currently in school for a media major and hope to one day have the skills to apply for a position on your team or be able to create or even be a part of projects of this quality.
If you have premium then your watch time pays the creator significantly more. Once YT and processing fees are taken out the remainder is split between the creators based on the % of your watch time
Here’s a tip to improve your skills for when you finally apply for a position.… Either learn to punctuate sentences properly (because people run out of breath reading your one-sentence comments). Or else, subscribe to Grammarly. It will vastly improve your chances.
The good thing about german Lotto is that the winners can stay anonymous, they don't need to pay taxes on the win, the lottery has really strict advertisement rules and the lottery has to pay taxes which helps the federal state in which the people spend the money.
in the uk the national lottery uses its money for local causes such as community centres, building restoration, etc. An example was then giving alexandra palace £1million for restoration/renovation
If they did lower prizes with more likely winners, more people would play the lottery and more poor people would become moderately rich. I'd rather win a million than hundreds of millions if I was far, far more likely to win a million. Even half a million would be life-changing.
They already have games that offer lower prizes in many states so why would having more small prizes mean more players and winners? If the multi-state games are any example bigger prizes tend to attract more ticket sales recently so.....
The worst thing like this I’ve ever seen was a game in France- I can’t remember what it was called but it’s similar to bingo and runs automatically EVERY 5 MINUTES. The tickets were very expensive- 5 or 8 euros I believe, for a chance to win “only” 100,000 euros. The issue was that the odds of winning were ONE IN 6 BILLION.
I would bet the odds were zero. And that the greed machine does not wish to even take a one in six billion chance of having to give that money to a person.
There's *just as much chance* I'll find money looking under my doormat every day yet, I don't waste my time looking under my doormat every day. That's why I never play the lotto which is even worse in terms of time and money spent.
Speaking of gambling and lottery I think it'd be a nice video if you guys made a video on Gacha games. These types of games have been getting a lot of traction after the release of Genshin Impact. More and more companies are finding ways to implement gambling and lottery into games these days in order to make more money, and that poses the question... Should that be regulated since they can make infinite money exploiting people as the government does with lotteries? I'd love to see a video like that from you guys!
*That's actually a good idea! I checked his videos for something related but it's not so talked about. I don't know if he will make a video about it since it might not be enough to get viral.*
@@TheProjecttian I think a video on NFT games would also be a good one. Videogames nowadays are no longer mean of entertainment but rather a get-rich scheme that has been going on in the shadows and no one really talks about it. That is concerning.
Games need money making stuff in them in part because they don't cost much to buy but their cost should be rising because everything else gets more expensive..... My bank has had the same charge for an account for almost 20 years but I never expected it to not rise and would be very surprised if it never does.....
While I agree with everything portrayed in this video, I can truly say that when you purchase a lottery ticket, and I’ve done so a handful of times over the years, the excitement of dreaming what to do with your potential winnings is what drives people to buy a ticket, especially when the pot gets over $250,000,000. Clearly the statistical odds of winning are horrible, but the thought of winning the prize is a rush. The same rush gamblers get. And that’s why I don’t play anymore. I might as well give a few bucks to someone that is downtrodden. That would have more redeeming value than buying a lottery ticket.
But if you win, you can help millions of more. It all starts with a dream honey, you will never win if you don’t play. A two dollar play is worth multi million dollar possibility to me.
@@montaiahypolite5275 It's all fake. Every one of us would have known someone by now who has won. Maybe not next door. But it's a small world. They fight tooth and nail...to keep you from winning $500.00 on a pick3 game. Hundreds of one off tickets. You can spend $500.00 every night and like a miracle, the number falls on the other side of the spectrum!...The odds are not 1-1000 . The odds become zero. So...in light of that... I do not believe they would let just anyone win Mega or Powerball. There is a club. And we are not in it!
I've never bought a lottery ticket or even bothered to follow up on tracking the random ones I've gotten as "gifts". They always seemed like a wasteful scam to me. Honestly it's depressing seeing people throwing their money away like that especially when they clearly need their money and are already extremely poor.
Yup. Tryna talk my friend out of this habit but he wont listen. Lottery preys on willing, desperate, and broke people making them even more broke. Sad stuff.
Thank you so much for calling this out for what it is. The thing about the lottery that bothers me the most is that the people more likely to regularly buy tickets are those who struggle enough financially that their biggest problems *would* be solved if they won...despite the fact that what they spend on these tickets is overall a bigger loss than it would be for someone who is well off financially. The entire thing feeds on desperation...and I don't blame anyone for feeling compelled to participate. But it's all just the same trap as gambling, and any attempts the government makes to distinguish it from gambling only make people even more vulnerable to it. It's all just a way to get the people with little money to spare to take a disproportionate role in funding the government (and others involved in the lottery).
@@Thewinner312 While participation in the lottery is technically voluntary, its regressive nature, disproportionate impact on low-income individuals, and broader societal implications suggest that it functions, to some extent, as a tax on the poor.
@@Mr_T. You have just said literally nothing. You have only queued up a few pseudo-intelligent words that don't mean anything. Like how is something "technically" voluntary? Either you have to do something or you don't. Nobody has to play the lottery, making it voluntary. Just saying the word "technically" before a fact, doesn't change that it's a fact.
@@Thewinner312 Damn conservatives, always thinking in black & white. Gemini seems on the mark for a pseudo-intelligent AI. There are situations where an act appears voluntary on the surface but may have underlying factors that limit true free choice. Here are a few examples, including the lottery: 1. The Lottery: Limited Economic Opportunities: For people in poverty, the lottery might appear as a chance for a better life, a way out of their economic hardship. However, the odds of winning are very low, making it an unrealistic solution. This lack of realistic alternatives creates a situation where the lottery, despite its low success rate, seems like the only option. 2. Unfair Contracts: Power Imbalance: Someone in a desperate financial situation might agree to a loan with unfair terms because they urgently need the money. While they technically agree to the contract, the unequal bargaining power creates pressure that limits their ability to make a truly free choice. 3. Coercive Advertising: Exploiting Vulnerabilities: Advertising that preys on insecurities or fears can manipulate people into buying unnecessary products. The act of purchase might be voluntary, but the underlying pressure or emotional manipulation reduces genuine free will. 4. Limited Education or Information: Deceptive Marketing: Someone might agree to a service or product based on misleading marketing. Without complete information, their decision is not based on a truly free choice. 5. Addiction: Compulsive Behavior: People struggling with addiction may engage in harmful behaviors voluntarily, but the addiction itself limits their ability to make rational choices. Key Points to Consider: Voluntariness and Pressure: The presence of pressure, limited options, or manipulation can make an act appear voluntary but cast doubt on the true freedom of choice involved. Context Matters: The context surrounding a decision is crucial. A seemingly voluntary act might be less so when considering the underlying circumstances. The lottery example highlights the limitations of free will when economic hardship restricts realistic options. People are "voluntary" in their choice, but the context of poverty makes the lottery seem like a more viable option than it truly is. By understanding these complexities, we can have a more nuanced understanding of human behavior and decision-making.
The lottery is bad for those that get hooked, but everything in moderation is fine. Life is a gamble, as long as you are having fun playing there is no harm in it.
I never bought a lotto ticket and always believed it was a scam… until my ex co-worker won the Mega Millions. Now I occasionally buy a ticket and truly believe I have a chance even though I know it’s practically impossible lol
I worked as a coding contractor at the biggest lottery business in Australia and learned a lot from the existing staff I worked with. We went through the actual calculations and statistics of winning Powerball, mind blowing stuff. I’m not a gambler so I have only ever bought 2-3 tickets in my life. You have a higher chance of being hit by lightning twice before winning Powerball in Australia, it would be significantly worse in the US (24M vs 330M population)
@@kawaiipoop3160 Well, for the powerball it's not really rigged.. everyone buys it making the prize bigger, until they show the winning numbers but the odds of being that special person are very very low.
I love how people win lotto every week, but apparently lots of people are getting struck twice by lightning every week. Must be such a boring news topic that nobody even bothers to report on it anymore. Your statistics suck.
@@kawaiipoop3160they don't need to. just do the math. here where i live they have to legally put the odds in the little thing you put the numbers in it's simple school maths, just apply to the lottery your curious about to see how hard it is
Yes, playing the lottery is benefiting the government, but so are the casinos. In the United states, if you win $1,200 or more on a slot machine you need to pay taxes on that amount you won. It's a ripoff since the government doesn't take into consideration all the money you lost at these casinos. In Canada, the government doesn't tax jackpots. Of course, there is a way to itemize your losses (not many do) on your tax return, but since you only get refunded anything over the exemption you have on your tax return (Ex. $6,600) which is usually not much, and a waste of time to keep track of your losses. Unless you are a professional gambler who does it for a living then it would be a good idea. Bottom line is that you can't win in the long run, and only the government is the real winner.
Is it only the US that flat out lies about the size of the jackpot? In other coutries, Canada for example, if you win $50 million, you get a cheque for $50 million and you get to keep all of it, no tax!
In Australia, it’s quite interesting because we have undergone privatisation of almost all of our state and National lotteries (Western Australia being the exception). I never realised why governments had the lottery beforehand but it does make me realise what a short sighted decision it was to sell off so we don’t even get the benefits anymore in tax. Thanks for the video Johnny ❤
That's pretty similar to most privatisation that occurred under the LNP. From CommBank to the power companies, they seem to love giving nationalised things to their buddies on the cheap
@@infernalstan886 same in the UK. Conservatives here love selling our public utilities and public services to private groups and their buddies. Rotten lot they are
Other people can brag about saving orphans or mouth to snout resuscitation or staying sober. The only thing I can brag about is I've never bought a lottery ticket.
I am surprised this was a topic worth covering, as I was always told that gambling was basically a tax. But I grew up in Hawaii and we didn't have the lottery back then (I have no idea if it is there now) so it wasn't until I moved to Washington for college that I first saw the lottery. The odds are so astronomically low even at my poorest I never thought to buy a lottery ticket as that money could have gone to two loaves of bread or some dog food for my dog or a soda or any number of snacks and candies that would have netted me similar levels of enjoyment to that of thinking about what I would do with the possible winnings.
In my state, I have gotten a scholarship every semester in college from the lottery! It goes straight to me as long as I keep a certain gpa and I don’t have to apply for it! Please keep playing for us college kids we need it😂
In the early 1980s after the lottery first started in my state, my dad knew one person that won a million dollar lottery. I know there was an incredible amount of taxes, but nevertheless my father spent the rest of his life playing the lottery, a very faithful and up to date player being almost obsessed I saw this and never really got interested because of this.
@@bhavanarayanasripada1354 It's actually looking a little bit more promising, our inflation is reducing and the LKR is appreciating against the dollar. We are really tightening our belts, we have high import bans, but on the converse our exports increased due to the earlier LKR depreciation against the dollar. Also all eyes are on the government, they know they cannot afford another mistake ridden with political myopia. We are doing our best! Also thank you so much for your concern. It's really nice of you to inquire.
@@p3rtang I guess some people can. I've never had an interest in gambling. I was taken to Casino in Canada for my 18th birthday and given 100 dollars to gamble with. I kept the money, didn't play a single game. Used it later to buy a camera. I have many vices but gambling has never been one of them. I do revel in Irony though and love it when expectations are subverted, especially when someone is trying to prove a point.
@@eafortson yeah me neither I really dislike gambling as well, except for some tickets I got from a new years. The numbers never added up for me. In belgium luckily the chances of winning are always printed on the back so Its easier to know whether is super unlikely to win are near impossible lol
Excellent video Jonny! I'm from India. There's a huge lottery thing going on here. Central and State level lotteries and we even get advertising and etc as well on news channels and other local ones. I never knew why does this actually happen or how is that even legal. "It's a tax on people who are bad at math". Seriously very poor people in my country buy it. People who skip food, are drunk half the day and cannot really afford them.
lottery is a thing pretty much every country (in which they are legal) has. developed or undeveloped. there's no way around it. i live in one of the few countries in the west hemisphere where gambling is BANNED, but state lottery is a legal exception so 🤷
I agree with you fully. You forgot to mention that Utah doesn't have the lottery, but people do drive to bordering States to buy tickets. It's time to tax the rich!
My parents made it their tradition to buy scratchoff lottery tickets as christmas gifts every year. I think it´s a fun idea. The money goes to nonprofit heathcare organizations (allegedly), and everyone eagerly scratching at the dinner table is certainly more fun than opening a box of socks. None of us have ever won, but that´s not really the point.
I worked in an office of about 25 people and the lottery got to $100 million, so one co-worker collected $5 from everyone to buy tickets. After I gave my money another co-worker commented it is a bad idea for the whole office do this, because if we win, we quit!
@@itsoktobehappy461The odds are zero it's all a hoax. Like Santa and the tooth fairy. Anyone who gets a payout has invested past the point of no return. The big ones Powerball and Megamillions. You have a better chance of swimming to mars and recording a hit record.
God is pretty pissed off. God bought a Powerball ticket and when the lottery saw he had the correct# they reached in and pulled a couple numbers out. I think the rapture is coming!
Naw it's real people actually winning I know and I seem it myself but I don't know anybody that hit the billion dollar one but 100 million yes that's not fake
I grew up in Reno, Nevada and learned really quickly that the "odds are always with the house", meaning the entity running the game wins much more than they pay out. I have news for you, most of your taxes are not tracked well and kind of disappears. This is no different.
The lottery has particularly bad percentages. Good casino games generally return 95-98% of total bets to players. Still the odds are with them, don't get me wrong, but if I wanna gamble I'll always go to a casino- I've had some nice wins over the years.
This was a great breakdown of the mechanics behind the state lotteries. I was kind of hoping Johnny would have dove a little deeper in to the reasons *why* poor people are more likely to gamble on the lottery. Sure some people have innate weaknesses to gambling, but on a societal level I suspect the answer is that if you are poor there are so few opportunities open to you to move from being poor to being comfortable middle class (a metric sometimes referred to upward mobility), that gambling seems like the only hope to escape poverty. And the sad thing is that it's not far from the truth. The way to lower people's interest in playing the lottery is to improve their prospects for earning money and staying out of debt. Free college, medicare for all etc.
I'm surprised you didn't go deep into most if not all of the winners either spend all their money very quickly and are back to where they were or worse off, or the ones that can't take the pressure from "family" and "friends", etc.
