The No. 1 State For Lottery Suckers

English: Great Seal of the State of Georgia

English: Great Seal of the State of Georgia (Photo credit: Wikipedia)

Georgia‘s lottery players are the biggest suckers in the nation, according to Bloomberg Rankings, buying nearly $5 billion of the $50 billion a year in tickets for U.S. state-run games that have the worst odds of any form of legal gambling.

Players in Georgia, whose per capita income is about 10% below the U.S. average, are doing the most damage to their personal finances. According to the Sucker Index created by Bloomberg Rankings, Georgia residents spent the second-highest chunk of their income on the lottery, which funds college scholarships and prekindergarten.

Read more: http://money.msn.com/personal-finance/the-no-1-state-for-lottery-suckers-bloomberg.aspx

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s