It’s estimated that Americans spend more than $70 billion playing the lottery each year.
That’s more than Americans spend on movies, concerts, and video games… combined.
To many people, that $70+ billion is spent foolishly. The lottery’s odds are terrible. You’re more likely to get struck by lightning than win a “power ball” jackpot.
Whether you’re rich or poor, you can probably agree that banking on the lottery to pay the bills in old age is a bad idea.
But you’d be wrong to dismiss the basic thinking behind the purchase of a lottery ticket: Risk a tiny bit of money for the shot of making a fortune.