A rather lucky 13 states have a generally painless form of taxation: the lottery. With tickets usually selling for 500 or $1, lotteries drum up huge state revenues. About half is spent on education, aid to the aged or other worthy purposes, and the rest is for prizes and operating expenses. Michigan has grossed $260 million since it started a lottery two years ago, and Pennsylvania each year sells $132 million worth of tickets. New York's annual ticket sales total $118 million; New Jersey's come to $112 million and Massachusetts' add up to $76 million.
But there is one serious...
To continue reading:
or
Log-In
