The Pros And Cons Of The Lottery

1114 Words5 Pages
Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. The lottery industry stands out in the gambling industry by virtue of several unique features. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. More commonly the prize fund will be a fixed percentage of the receipts. A popular form of this is the "50–50" draw where the organizers promise that the prize will be 50% of the revenue. Based on those information I can say that lottery should be maintained and kept, lottery gained such a huge amount of money. If most form of lottery was “50-50” and the 50% goes to our…show more content…
Players voluntarily spend their money for the benefit of the public. In other word lottery was a source of “painless” revenue. For me it is the best benefit of lottery, with its proceeds we can generate huge amount of tax. The said tax was the money used to help funding some government’s program like supporting education, seniors and many more, which mostly was incapacitated one. So, why is it a bad idea? Lottery becomes a bad idea when you become fully dependent on it because waiting for yourself to win is too passive. But it is a form of taxation that’s why it is truly legal form of gambling. Besides, government look at lotteries as a way to get tax money for free. For you not only to have a chance to win an instant prize but also an instant chance to be part of this taxation. As an individual maybe trying to win prizes with a small amount of money, you are not aware that those pennies from you and your society become a really huge amount of money. Which is for me, benefits of the lottery are more than offset by its expanding the number of people who are drawn into
Show More
Related

  • Pros And Cons Of Gentrification

    2650 Words  | 11 Pages

    Gentrification is a common and widespread controversial topic and term in urban planning, especially in big cities as New York City. It refers to shifts in an urban community lifestyle and an increasing share of wealthier residents and/or businesses and increasing property values. Some people say it is a myth but mostly term gentrification is being associated with negative side of it. Effects of gentrification are complex and contradictory, and its real impact varies. At first gentrification is being

    Read More

More about The Pros And Cons Of The Lottery

Open Document