Playing the Lotto: Proceed with Caution

Posted on 11/4/2010 by |General News | Comments

Money & SavingsMore than $70 billion dollars: that’s the amount of money that was spent on lottery tickets in North America last year. Seems like a lot of money to be spending on a thrill that usually only lasts a few minutes, according to state lottery commissions (and this AARP article), the odds of winning a grand prize in state lotteries can be as outlandish as 1 in 175 million, depending on the game. Is spending money on such a slim chance …