The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
Lotteries purportedly generate money to support public education. Jackpots are getting bigger and bigger – but states don’t seem to be spending any more on education.
The math behind all the probabilities being discussed for tonight’s Powerball drawing assumes each number is equally likely to be chosen. Is that what really happens?
During the past two decades, the US casino industry has expanded dramatically. According to the American Gaming Association, there are now nearly 1,000 commercial and tribal casinos in the country. Plans…