![]() The longer a lottery goes without a winner, the more money accumulates in the pool. "Consumers purchase lottery tickets, and the money they spend goes into the winning pot," says Joel Ohman, a CFP® professional and CEO of. Note: The North American Association of State and Provincial Lotteries (NASPL) outlines the beneficiaries of different types of lotteries and how much money was transferred in total. However, lottery proceeds account for a small source of any state's revenue. The proceeds of lottery funds can go to fund education, provide treatment for gambling addictions, or to protect the environment. ![]() "Government-administered lotteries are usually run by state governments in order to raise revenue," he explains. Most lotteries also include smaller prizes for getting some combination of winning numbers, but not all of them.Īccording to Professor Michael Collins, a chartered financial analyst and CEO of WinCap Financial, most cash lotteries are administered by the government. If you pick all the winning numbers, you'll win the jackpot, or share it with others who have all the correct numbers as well. When you play the lottery, you'll spend a small sum of money to get the chance to win a huge prize.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |