Lottery Affecting the Economy

In many states in US, lotteries are conducted in order to justify their economic arguments. There are lotteries which can easily increase the revenue of the state government without any additional taxes to be applied. These games are beneficial not only to state governments but also to the small business who sell their tickets and promote the lottery. There are even companies who participate in these lottery campaigns and advertise the lottery to the fullest. They advertise it on the streets, online and through social media as well. These games are the ones that provide entertainment to people at a cheap rate. Here the fund-raising for various events is much easier as compared any other fund raising event.

People who are conducting lotto have many differences and economic arguments within themselves. They bid for the เว็ ป หวย and only a small percentage of the whole revenue generated is kept for them. The profits made out of these lotteries are huge and life changing. People also argue about the fact that the money raised out these lotteries should go for the state programs but they do not reach there. There are many people in between who do fraud and take away the lottery money. Sometimes lotteries are played to lure people about the big money and giving them false hopes that they will have a great life after winning this huge sum of amount in lottery results. The opponents of the lottery state that the target audience is the lower class and they may not afford to gamble but still they do in hopes of that it will fetch them a bright future. But they are economically more distressed by playing these lotteries.

If in any case a person wins หวย จ้าวพายุ results, then the division of the lottery money is done very systematically. The sales amount is taken out of the total amount and is spilt between the prizes to be given away, retailer or stores commission, administrative costs and finally the state profits. In most of the cases the lottery prizes comprises of fifty to sixty percent of the total sales amount and is given out to the winners. Then employee salaries, advertising costs, campaigning costs and other operational costs vary from one to ten percent of the total sales. These are also called as administrative expenses. The store owners or retailers take away five to eight percent of the total sales garnered by them. There are commissions involved which accounts for another two percent. And lastly there are state profits which are around thirty to forty percent of the total sales of the complete lotto.