Are Georgia Lottery Players Suckers?
Study compares Peach State ticket buyers to those across the country.
Are Georgia lottery players bigger suckers than folks in other parts of the country?
According to a report in AOL's Daily Finance, Georgia residents spent an average of $470.73 per adult on lottery tickets -- or $3.4 billion -- over the past year.
This number represents 1 percent of Georgian's collective annual income. The low rate of winning lottery payouts (62.9 percent) is what moved Georgia to the top of Bloomberg's "sucker index."
Bloomberg says that Georgia’s lottery players "are the biggest suckers in a nation buying more than $50 billion a year in tickets for state-run games, which have the worst odds of any form of legal gambling."
Even though the odds are long (1 in 175 million), the lure of a half-billion dollar jackpot is sure to bring out a lot of suckers -- Georgians and others.
So do you have your ticket for Friday's Mega Millions? What would you do with half a billion dollars? Tell us in the comments.