...it might be good to remember that more teens are getting hooked on gambling:
A recent national survey from Common Sense Media found that 36% of boys age 11 to 17 in the U.S. have gambled in the past year.
"It's a lot of kids," says Michael Robb, the head of research at Common Sense Media, a nonprofit that promotes digital safety for kids. "A third of kids is a lot of kids."
A recent check of GoGuardian, a company that blocks websites in schools:
...shows that the rate of sites blocked in its gambling, betting and fantasy sports category has increased nearly 30% since the company started tracking in 2022, from a low of 13.48 blocks per 1,000 students to 17.4 this year.
The company blocks roughly 140,000 attempts to access such sites on average every month....
(I am certain that there are "safeguards" to ensure there is no online access for those who are underage. And safeguards work so well!)
As it is, in Massachusetts, per the Boston Globe article covering the expansion of the lottery, we spend more per capita on the lottery than any other state.
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| per the Motley Fool, which recommends other strategics for "financial growth" |
And that was BEFORE it landed on our phones!
Oh, and because this inevitably comes up: yes, that $1B in FY25 that the Lottery generated was, as you've no doubt seen widely advertised, budgeted for towns in local aid. However--and this is part of why the push for online lottery sales has been a thing for many years!:
Lottery proceeds continue to grow, but at a slower pace compared with other sources of state revenues, and the legalization of online sports betting plus the introduction of phone apps that enable online purchases of lottery tickets may influence lottery revenue trends going forward.
That, incidentally, is from the Federal Reserve Bank of Boston, which notes in its introduction that New England states are more reliant on gambling revenue than other parts of the country.
That is in addition to it being a REGRESSIVE TAX: it is most likely to hit those who can least afford it--
A 2011 paper in the Journal of Gambling Studies conducts a thorough review of the available research on lotteries and concludes that the “poor are still the leading patron of the lottery and even the people who were made to feel poor buy lotteries. The legalization of gambling has seen a significant increase of young people gambling, particularly in lotteries, and the best predictor of their lottery gambling is their parents’ lottery participation.”
..in marked contrast, of course, to the other very specific way Massachusetts brought in almost TWO billion dollars last year to allocate, the Fair Share amendment, which of course is a 4% surtax on annual income above $1 million.
