lottery Archives - DigitalAMN

Two Investor Lessons from America’s Deep Lottery History

November 27, 2018

Lotteries: The invisible hand that built colonial America Lotteries and the lottery systems are actually more American than most people realize. In the 1700-1800s, lotteries were instrumental for government operations to facilitate the settlement of North America. In fact, Jamestown, America’s first British colony, relied on capital from rich investors, the 17th century equivalent of…

Lessons Learned From the $687 Million Powerball Jackpot

November 8, 2018

Each year, Americans spend more on lottery tickets than sports teams, books, movies, video games and music combined. Logically, we know that our chances of winning are microscopic (precisely 1 in 292 million), yet we roll the dice anyways. Human nature tells us that we’ve got a real shot at winning the lottery, but we…

State Lotteries: An Exploitation of Low Income Earners

September 19, 2018

Driving through certain neighborhoods in Chicago, it’s impossible to ignore the billboards emblazoned with the slogan, “This could be your ticket out”, which were erected by the Illinois State Lottery. From the getgo, the intended audience was clearly low income earners, because these billboards are not placed in Forest Hills, a wealthy suburb in Chicago….

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