{"id":40879,"date":"2017-11-28T02:00:56","date_gmt":"2017-11-28T07:00:56","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=40879"},"modified":"2017-11-21T08:36:48","modified_gmt":"2017-11-21T13:36:48","slug":"a-tax-on-the-poor-the-lotto-and-the-surprisingly-common-sad-aftermath-of-winning","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2017\/11\/28\/a-tax-on-the-poor-the-lotto-and-the-surprisingly-common-sad-aftermath-of-winning\/","title":{"rendered":"A Tax on the Poor &#8211; The Lotto and the Surprisingly Common Sad Aftermath of Winning"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/E-G1uXNeFLs\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Today I Found Out<\/strong><br \/>\n<strong>Published on 1 Jun 2017<\/strong><\/p>\n<p>In this video:<\/p>\n<p>It\u2019s been called a voluntary tax on the poor and under-educated, with people spending a whopping $60 billion a year in the United States alone on lottery tickets, most of which are purchased by low income individuals. (All total, about 20% of Americans play the lotto). Despite the high number of lotto tickets purchased annually, when playing the lottery (in all its forms), you\u2019ll win an average of just 53 cents for every $1 you spend, making it one of the lowest return rates of any form of commercial gambling, and thus extremely profitable for the various government bodies who run the lotteries.<\/p>\n<p>Want the text version?: <a href=\"http:\/\/www.todayifoundout.com\/index.php\/2012\/12\/on-average-people-who-earn-less-than-13000-a-year-in-the-u-s-spend-5-of-their-gross-earnings-on-lottery-tickets\/\" rel=\"noopener\" target=\"_blank\">http:\/\/www.todayifoundout.com\/index.php\/2012\/12\/on-average-people-who-earn-less-than-13000-a-year-in-the-u-s-spend-5-of-their-gross-earnings-on-lottery-tickets\/<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Today I Found Out Published on 1 Jun 2017 In this video: It\u2019s been called a voluntary tax on the poor and under-educated, with people spending a whopping $60 billion a year in the United States alone on lottery tickets, most of which are purchased by low income individuals. (All total, about 20% of Americans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[71,746,88,275,91],"class_list":["post-40879","post","type-post","status-publish","format-standard","hentry","category-randomness","tag-debt","tag-gambling","tag-lottery","tag-personalfinance","tag-poverty"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-aDl","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=40879"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40879\/revisions"}],"predecessor-version":[{"id":40942,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40879\/revisions\/40942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=40879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=40879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=40879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}