The Lottery Lie That Keeps Us Playing

3 Minute Read

Someone has to win! Why not me?

As the lottery jackpot inches higher and higher, a person’s chances of winning sink lower and lower. And yet, people keep buying tickets! Why?

Because they need a rescue plan.

They need a big windfall to pay off debts, buy a house, or save for retirement. The lottery represents a fresh start and a lifetime of luxury for those who play it.

color

Local experts you can trust.

Find an ELP

But sadly, it’s just a well-marketed pipe dream. The truth is much less glamorous.

How the Lottery Hurts

The odds of winning are appalling. In fact, a person’s chances of winning the Powerball’s grand prize are roughly one in 292 million according to the Multi-State Lottery Association. Here’s another fun fact: There are an estimated 320 million people in the United States.

You do the math.

That’s why we detest the lottery. It’s a surefire way to lose money—fast. And it’s a hefty tax on the people who can least afford it.

Rich people don’t play the lottery. Statistically speaking, it’s folks who earn the least that gamble the most, according to a study by researchers at the University of Buffalo.

That’s seniors who don’t have enough saved for retirement. That’s parents who can’t afford to send their kids to college. And that’s twenty-somethings who can hardly put food on the table.

These aren’t numbers. These are real people! And the lottery preys on them.

This isn’t just a harmless game. Because losing hundreds or thousands of dollars each year is not fun—no matter how you dress it up. So if you or someone you know is sick of this cycle, we have a better idea.

How to Heal Your Finances

Instead of waiting on a set of lucky numbers to rescue your finances, why not rescue them yourself with the 7 Baby Steps?

The Baby Steps provide a proven plan to help you focus your money on what matters. They’ve helped millions of hard-working folks get out of debt, take control of their money, retire with dignity, and leave a lasting legacy for their children.

And there are no losers.

The Baby Steps don’t depend on a random drawing. They depend on you. And you can bet they take longer than a trip to the nearest gas station to finish. Because anything worthwhile does.

Stop losing your money and start winning with it. Your family’s future is worth so much more than a game of chance.

Learn how to win with money using our proven plan, Financial Peace University. It’s an investment you won’t regret.

More from the Blog

Save $1,000 for Christmas

Start Now

Bye Bye Money Stress!

Sign Up (It's FREE)

Bye Bye Money Stress!

Get the world's best budget app, EveryDollar and start taking control of your money. Create your first budget in 10 minutes!

Take control of your money this year with the world's best budgeting app.

Sign Up (It's FREE) Everydollar website

Thank You!

You will receive an email shortly at .

Next: Start Your Year Off Right!