Georgians Lottery Suckers

A CNN article on the $640 million lottery jackpot tonight revealed something interesting.

According to data crunched by Bloomberg, Georgia residents are the biggest “suckers.” They spend an average of $471 per year on the lottery, or 1% of their average income, while receiving a payout of 63 cents on the dollar.

Yeah, but I got some of the 15-25 cents on the dollar in the form of the HOPE scholarship paid for my (and millions of other kids’) college education. Pell helped as well. So did family and working.

Probably I could have achieved it without the scholarship. Then again I probably would still be paying off my student loans.

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