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Is your State A Lottery Happy States

Topic closed. 10 replies. Last post 6 years ago by Litebets27.

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Empress-N's avatar - voodoo
Have At It Then...Go Ahead!!!
United States
Member #73903
April 28, 2009
1433 Posts
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Posted: March 30, 2011, 3:45 pm - IP Logged

The Most Lottery-Happy States

Every once in a while the Mega Millions jackpot climbs above $300 million, and the country goes bonkers buying lottery tickets. For the government workers who reportedly won this week's $319 million prize in New York, the effort will pay off far more than they expected.

Even when there isn't a chance for a nine-figure payout, some people just love playing the lottery. Using Census Bureau data on lottery ticket sales and population estimates, we broke down where residents are spending the most on lottery tickets of all types. Here are the 10 states with the highest per-resident lottery spending in 2009 (the latest year available), along with how much the average resident is winning for every dollar he or she spends. 

No. 1: Massachusetts

Per-capita lottery spending: $806.57

Winnings per dollar spent: 77.3 cents

My home state of Massachusetts takes top honors, having taken in more than $4 billion in lottery revenues, an average expenditure of more than $800 per adult. But Bay Staters are getting an incredible return of 77 cents on the lotto dollar -- the best return in the country -- meaning that less than $200 is really going down the drain. And there are big winners in the mix: According to the state lottery's website, more than a dozen people in the state have won $1 million or more in the past month.

We're not saying that the lottery is a good investment in Massachusetts, but there are worse things you could spend your money on.

No. 2: Delaware

Per-capita lottery spending: $633.66

Winnings per dollar spent: 15.5 cents

Like West Virginians, Delaware residents are spending gobs of money with miniscule return. Sure, the average return doesn't much matter if you hit the jackpot, but no one in Delaware has won a million or more since the summer of 2009.

No. 3: Rhode Island

Per-capita lottery spending: $598.20

Winnings per dollar spent: 29.3 cents

Rhode Islanders loved to gamble, as evidenced by the state's several casinos (which are often patronized by residents of nearby Massachusetts, where casinos are illegal) and the nearly $600 its residents spent on the state lottery. With just 30 cents per dollar coming back to them on the lottery side, they may want to find another hobby.

No. 4: West Virginia

Per-capita lottery spending: $558.10

Winnings per dollar spent: 15 cents

The average West Virginian spent more than $550 on the lottery in 2009, despite the fact that it ranked as the sixth poorest state in the country that year. And residents only got back about 15 cents on the dollar -- the worst return in the country -- which means that they're throwing away about $475 a year.

No. 5: New York

Per-capita lottery spending: $451.19

Winnings per dollar spent: 58.7 cents

The official motto of the New York State Lottery is "Hey, you never know." That argument is apparently compelling enough to get New Yorkers to part with about $450 each, despite only getting back less than 60 cents per dollar.

No. 6: Georgia

Per-capita lottery spending: $435.89

Winnings per dollar spent: 68 cents

The Georgia State Lottery was created in 1992 by way of constitutional amendment as a means to raise money for public education, and it seems to have worked -- the lottery took in a whopping $3.16 billion in 2009, and claims to have raised $12.3 billion in total funds for education in Georgia.

No. 7: Maryland

Per-capita lottery spending: $362.55

Winnings per dollar spent: 65 cents

Maryland residents get back 65 cents of what they spend on the lottery, so it's not a total money pit. Among the options is the "Double Play" scratch ticket, which awards cash prizes and tickets to Baltimore Orioles games. That said, for the money the average Marylander spends on the lottery, he or she could go to about 20 home games and sit in the bleachers at beautiful Camden Yards.

No. 8: New Jersey

Per-capita lottery spending: $354.82

Winnings per dollar spent: 60.13 cents

New Jersey has faced budget crises during the past couple of years, but it's always been able to count on the state lottery, which hauled in more than $935 million in revenue in 2009. Those who can't get enough of the lottery can even sign up for the "VIP Club" email list, where they'll receive exclusive news about new games and coupons for lottery products.

No. 9: Connecticut

Per-capita lottery spending: $345.18

Winnings per dollar spent: 64.6 cents

The first of three New England states to crack the top 10, the Nutmeg State offers the usual Powerball and Mega Millions options, local favorites like Classic Lotto and an array of scratch tickets.

No. 10: Michigan

Per-capita lottery spending: $312

Winnings per dollar spent: 60.4 cents

Despite an economic downturn that's driving a mass migration from the state's biggest cities, Michigan residents are apparently feeling pretty lucky. The average resident shelled out more than $300 in 2009 on lotto and scratch tickets, placing it 10th on this list.

Thanks to:

Matt Brownel
Tuesday, March 29, 2011

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    sully16's avatar - sharan
    Ringleader
    Michigan
    United States
    Member #81740
    October 28, 2009
    42115 Posts
    Online
    Posted: March 30, 2011, 11:46 pm - IP Logged

    Thanks Empress-n, we do like our lottery here.Hyper

     HyperBe Happy.

      ameriken's avatar - 33ojew2
      Denver, Co
      United States
      Member #103046
      December 29, 2010
      546 Posts
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      Posted: March 31, 2011, 6:56 pm - IP Logged

      Good for Massachussetts.

      Bummer that Colorado didn't make the list.

      Maybe because we dont have P3 and P4 games here?

      Or maybe because our 5/32 Cash-5 stinks with it's lousy $20,000 grand prize?

        ameriken's avatar - 33ojew2
        Denver, Co
        United States
        Member #103046
        December 29, 2010
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        Posted: March 31, 2011, 6:59 pm - IP Logged

        BTW, how is it that WV can only give back 15 cents? I thought the overall amount for winnings for lotteries was supposed to be around 50 cents on the dollar.

          Avatar
          DFW, Texas
          United States
          Member #78628
          August 18, 2009
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          Posted: April 1, 2011, 12:21 am - IP Logged

          BTW, how is it that WV can only give back 15 cents? I thought the overall amount for winnings for lotteries was supposed to be around 50 cents on the dollar.

          I was wondering this, too.  My first guess is that it's because WV's jackpot games are multi-state, and that they don't get a lot of Mega Millions and Powerball and Hot Lotto winners.  If that's so, the state's main impact on the games is to grow the jackpots that are won in other states.  Eventually, they'll have a winner and the large in-state payout may change the average.  Depending on how they calculate that 15 cents, they may constantly run low because of the multi-state games producing more winners in other states.  If they count only the revenue from in-state sales as winnings, then only a small portion of a big Powerball jackpot would be counted.  That would not compensate for the constant stream of money going to winners in other states.  It depends on how they do the math.

          Their Daily 3 and Daily 4 payouts are normal, half the odds times the wager.

          I downloaded their 2010 financial report, but it's hard to decipher information from it quickly.  In addition to my guess about not frequently winning multi-state jackpots, it looks like another component of the small payout is the video lottery, which appears to make up a large portion of total sales and have a high profit margin (although those high profits may be due to low operating costs; this report isn't easy to navigate).

            dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
            Oklahoma
            United States
            Member #82391
            November 12, 2009
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            Posted: April 3, 2011, 9:40 am - IP Logged

            My current State(Oklahoma)Smash is not on the list....however my home State Michigan isHurray!


              United States
              Member #9579
              December 12, 2004
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              Posted: April 3, 2011, 5:39 pm - IP Logged

              i don't think vermont has ever won megamillions,or powerball in a 1,000 years!

                rdgrnr's avatar - walt
                Way back up in them dadgum hills, son!
                United States
                Member #73904
                April 28, 2009
                14903 Posts
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                Posted: April 3, 2011, 6:18 pm - IP Logged

                Tennessee's not a lottery happy state?

                What a shock!

                Maybe they can find a way to cheat their way onto the list next year.


                                                             
                                     
                                                         

                 

                 

                 

                 

                                                                                                                   

                "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                            --Edmund Burke

                 

                 

                  Avatar
                  Kentucky
                  United States
                  Member #32652
                  February 14, 2006
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                  Posted: April 3, 2011, 7:32 pm - IP Logged

                  BTW, how is it that WV can only give back 15 cents? I thought the overall amount for winnings for lotteries was supposed to be around 50 cents on the dollar.

                  Somebody made a big mistake. WVA has pick-3 and pick-4 and variety of other lottery games including scratch-offs that most state lotteries have. WVA always was near the top in per capita spending and I can't believe anyone would play if they are only paying out 15 cents on the dollar.

                    Avatar
                    Kentucky
                    United States
                    Member #32652
                    February 14, 2006
                    7344 Posts
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                    Posted: April 3, 2011, 8:07 pm - IP Logged

                    I was wondering this, too.  My first guess is that it's because WV's jackpot games are multi-state, and that they don't get a lot of Mega Millions and Powerball and Hot Lotto winners.  If that's so, the state's main impact on the games is to grow the jackpots that are won in other states.  Eventually, they'll have a winner and the large in-state payout may change the average.  Depending on how they calculate that 15 cents, they may constantly run low because of the multi-state games producing more winners in other states.  If they count only the revenue from in-state sales as winnings, then only a small portion of a big Powerball jackpot would be counted.  That would not compensate for the constant stream of money going to winners in other states.  It depends on how they do the math.

                    Their Daily 3 and Daily 4 payouts are normal, half the odds times the wager.

                    I downloaded their 2010 financial report, but it's hard to decipher information from it quickly.  In addition to my guess about not frequently winning multi-state jackpots, it looks like another component of the small payout is the video lottery, which appears to make up a large portion of total sales and have a high profit margin (although those high profits may be due to low operating costs; this report isn't easy to navigate).

                    I downloaded the annual report too. In 2010 the gross profit percentage was 19.3% on gross sales of $97.5 million and players prizes and bonuses were $66.2 million. That's 68% not the 15% reported in the article.

                    Even if those figures include the racetracks and casinos which the state commission runs, the figure is still over 65%.

                      Litebets27's avatar - power
                      Maryland
                      United States
                      Member #10465
                      January 14, 2005
                      6065 Posts
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                      Posted: April 4, 2011, 7:55 pm - IP Logged

                      In Maryland

                       

                      We love to play

                       

                      and boy... we pay,

                      but, wins are hard to come by!Thud

                      Feeling,  PRICELESS!!!Banana

                      Come on Jackpot!!!