Got the winning ticket? AP Photo/Julio Cortez November 10, 2022 How winning record $2 billion Powerball jackpot could still lead to bankruptcy Jay L. Zagorsky, Boston University Squandering all that money is easier than it seems.
Tax revenue from lotteries is supposed to fund education and other public services. AP Photo/Alan Diaz January 14, 2021 Mega Millions jackpot is $750 million – where does all the lottery tax revenue really go? Liberty Vittert, Washington University in St. Louis 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.
The ‘lucky’ ticket may not be so lucky after all. Reuters/Brendan McDermid October 24, 2018 How winning $1.54 billion in Mega Millions could still lead to bankruptcy Jay L. Zagorsky, Boston University The lottery’s jackpot has swelled to that eye-watering sum, but research suggests hopeful ticket holders should be careful what they wish for.