Advantages and Disadvantages of a Lottery
A cash lottery generates loads of excitement and dreams of throwing off the yoke of «working for the man» for thousands, if not millions of people, depending on the size of the lottery prize.
Lotteries have been criticized in the past for being an addictive form of gambling. Though tickets are not usually expensive, costs can rack up over the years, and the chances of winning are very slim—statistically, there is a greater likelihood of being struck by lightning or becoming a billionaire than winning the Mega Millions jackpot.
Moreover, those lucky enough to acquire the vast sums of money on offer can sometimes find themselves worse off than before. There have been several cases where winning the lottery has triggered a serious decline in the quality of life of individuals and families.
On a more positive note, proceeds from lottery ticket sales do sometimes go to good causes. Each state tends to donate a percentage of revenue generated. Often money raised will be spent in the public sector on things like education, park services, and funds for veterans and seniors.
Lotteries are a good way to raise money as they are simple to organize and popular with the general public.