Powerball is a lottery shared by 44 states, DC and two territories and it is just one of man sweepstakes run by 47 jurisdictions in the U.S. These games generate nearly $70 billion a year in government revenue and enjoy profits of 33% and higher
The odds of winning Powerball have been retched up to create super jackpots. Those odds are 1 in 292 million
Yet the average return for a from a $1 spent is .$52
I recall from the past that gambling was considered immoral and people were sent to jail for illegal gambling.
So it would appear that what makes gambling moral is if the government gets their cut.
but you can't win if you don't play.
Disclosure I do play and so contribute to this hypocrisy....somebody stop me
