What Kind of Education do Lotteries Fund?

Source: American Institute for Economic Research
by Laura Williams

“For at least 350 years, economists and (other) cynics have told each other that the lottery is a tax on stupidity. More accurately, modern American lotteries are a voluntary tax paid by those who fail to understand statistics, or who are willing to suspend critical thinking. State-run lotteries were marketed to the public as a means to fund ‘educational opportunities’ via supplemental revenue for public education. But buyers of lottery tickets are overwhelmingly those who were failed by that system.” (06/16/22)