Rich and poor: Who plays the lotto the most?

Prizes in most lottery games can change a person's life - turning a poor person into a rich, lucky player. However, when one is already rich, we can ask ourselves if there is any point in spending money on lottery tickets to become richer. We gathered information from research and revealed here who plays the lottery the most!

What do the researchers say?

Based on the in-depth study Lottery Gambling: Sociodemographic Correlates Across the Lifespan, the fifth lowest socioeconomic status of 4,905 adults also played the lottery the most. To be precise, 61% of them participated in lottery gambling last year, while the top three fifths have the same proportion of 42% to 43%.

On average, the richest people spend 9 to 10 days a year playing lottery tickets, compared to 26 days for those of the lowest socioeconomic status. This fact has existed for a long time and is not new. A Duke University study found that since the late 1980s, more than half of the lottery tickets sold each week have been bought by the poorest one-third of households.

By looking at this Business Insider chart, it's clear that the rich tend to play more when the jackpot prizes are higher. At the same time, the poorest sections of society tend to see smaller prizes and more easily win lotteries with lower prizes as opportunities.

The Economist published a statistical analysis showing that the poorest 1% of adults (sorted by postal code) spend almost 5% of their income from lotteries. The richest 1% spend about 35000₱  a year on lottery tickets, spending about 0.15% of their income on an average ticket of 9000₱ b>  four times less - even though they have more spare money.

Why do the poor buy more lottery tickets?

According to research Social Explanations of Lottery Games people with the worst socioeconomic indicators play more because they have hope. They want to bridge the gap between their current social status and their high status, but the lottery seems to be the only honest way possible. Although Lottery Odds because of their low status, it is difficult for them to believe that only hard work can fill the gap to achieve their goals.

Ang isa pang pag-aaral ay maaaring makatulong sa amin na maunawaan ang mga paniniwala na humahantong sa mga taong may maliit na pera na gastusin ito sa mga tiket sa lottery. Itong Financial Planners Study ng Consumer Federation of Philippines ay nagsasabi na higit sa 20% ng mga Filipino, partikular na 38%, ay kumikita ng mas mababa sa ₱25,000 Mga taong nakakakita panalong Sweepstakes ang pinakapraktikal na paraan upang makaipon ng daan-daang libong dolyar.

Pagkatapos, batay sa lahat ng materyal na pananaliksik na ito, maaari nating tapusin na: Ang pagiging hindi gaanong kakayahan sa pananalapi ay magtutulak sa iyong subukang gumawa ng mga shortcut upang mamuhay ng mas komportableng buhay. Dahil kayang gawin ito ng mga loterya, handang gugulin ng mga tao ang kanilang natitirang pera sa mga loterya kahit na maaaring mahirap ang posibilidad.

Do the rich believe in the lottery?

According to the above study, the wealthiest part of the population **plays the lottery but less often**. Even though they have more money to spend on things like entertainment and games of chance, they fail to do so. Based on the material we examined, it can be concluded that they do not rely on this hope to improve their lifestyle. This alone makes them easier to play.

If we are only allowed to make a conclusion that is not based on enough research, they can play more when they know the lottery sites from other countries. The fact that it expands the possibilities and opens the way for lotteries in other countries may help to change this difference soon.