The lottery Is a Tax — An Inefficient, Regressive and Exploitative Tax

When I read this fact last May, I thought it was one of the most shocking stats I had ever seen. Nearly $70 billion translates to about $630 for every household in the U.S. It sounds absurd! Having now spent considerable time trying to figure out how such a number is even possible, I have learned a lot about the lottery and see it in a whole new light.