Why You Shouldn’t Buy Lottery Tickets

buy lottery

The first thing to understand is that there is no rational reason to buy lottery tickets. The house will always win, as these games are mathematically designed to make money for the lottery operator. Nevertheless, there is a chance that you could win big – although these are rare! Therefore, it’s better to invest your money in low-risk stock options instead of lottery tickets. The process is gradual and will yield a higher return over time. Besides, you don’t have to pay in cash.

Buying lottery tickets is an expensive activity, especially for low-income people. According to a recent survey by Bankrate, the average American spends between $1 and $100 a month on lottery tickets. While this may seem like a huge amount, the average lottery player will spend up to $75 on Powerball and scratch-offs. In other words, you’d spend about $17 a week on lottery tickets if you were spending that much on gas or other necessities.

Some states have made it illegal to use credit cards to buy lottery tickets. However, 21 states allow you to use them to purchase tickets. These states are Arizona, Colorado, Delaware, Illinois, Kansas, Kentucky, and Oklahoma. If you are planning to purchase lottery tickets using a credit card, you’ll have to check the law in your state. While it’s illegal to sell lottery tickets across state lines, it’s legal to buy them from other states and bring them home to play.