Americans spend a colossal amount of money betting on the lottery, even when the chances of winning have always been near-impossible. In fact last year alone, lottery sales raked in a massive total of $68 billion, according to the latest Last Week Tonight.
“That’s more than Americans spent last year on movie tickets, music, porn, the NFL, Major League Baseball, and video games combined,” John Oliver explained. “Which means Americans basically spent more on the lottery than they spent on America.”
It becomes even more bizarre when you understand it’s our states governments profiting from the giant business, which targets lower-income families who have historically spent more on tickets than the wealthy.
One of the frighteningly successful ways governments accomplish this is by creating ads that essentially mask the lottery as some kind of mutual fund or “charitable investment.” Watch below:
