What is the economic demographic of lottery players?

Reply #8

Artist77 — Fri, 15 Aug 2014 23:29:43 GMT

i think the pick 3 games are often played by the elderly and people who do not seem to have a lot of money to spare. When I buy a PB or Hot lotto ticket, I see a lot of them who can barely walk spending $40 to $100 on pick 3.

I think people of all socioeconomic levels play the lottery (at least the big $ games). I have a good job and a good education but it would never allow me to have the millions to establish a charitable foundation. I'd like to give grants yearly and have a reporting requi... [ More ]

Reply #7

LottoMetro — Fri, 15 Aug 2014 18:17:45 GMT

I still contend that it's far better to spend $5 on a decent scratch-off than on Pick 3 as that scratch-off will return and pay off much better for a specific time frame. I firmly believe that if more people had better math skills, and could properly implement those skills, they'd look at these games from a much different perspective than just hoping to hit.

+1 LL

Pretty much sums up my playing philosophy.

Reply #6

kapla — Fri, 15 Aug 2014 17:07:50 GMT

Great subject... I think there are alot of unemployed that play the lottery. I happen to fall in the working but not making enough to retire.

Reply #5

Lucky Loser — Fri, 15 Aug 2014 13:06:39 GMT

I pretty much agree with consensus of 'least financially able' people playing the game mostly and it's for the same general reasoning... the idea of a 'chance' at it compiled with that 'hope' of actually hitting. Problem is, though, they don't quite understand the concept of playing and realize that it's costing them more to lose over time by spending so little on specific games like Pick 3. I still contend that it's far better to spend $5 on a decent scratch-off than on Pick 3 as that scratch-o... [ More ]

Reply #4

shyguitar — Fri, 15 Aug 2014 00:01:53 GMT

Hi LottMetro,

Thanks for the info. Have a feeling my state lottery would prefer not to release that info. I like your analogies.

Reply #3

shyguitar — Thu, 14 Aug 2014 22:04:50 GMT

Hi Tialuvslotto,

I agree with your theory. I'm definitely a dreamer with a touch of reality thrown in. I'm sure many people like myself realize the impossible odds of a lottery win but hang in there just in case that miracle comes. Glad you have a good paying and secure job.

Reply #2

LottoMetro — Thu, 14 Aug 2014 15:49:24 GMT

This differs by state/economic environment, so you should contact your lottery and ask for this information. Every lottery conducts a demographic study once a year or every few years (they do this for marketing research purposes). Generally, poor people play more often (i.e. daily games), but as far as overall participation goes, there are surprisingly many average/higher income players. Poor tend to play because they need to win, while rich play because it's the most affordable dream and entert... [ More ]

Reply #1

Tialuvslotto — Thu, 14 Aug 2014 14:43:37 GMT

My theory is that there are two types of people: Doers and Dreamers.

The Doers get out there and build a business and get rich, the Dreamers dream about winning the lottery.

Personally, I have played the lottery quite regularly. My secure and quite good paying job will never make me rich the way a lotto JP (or even second prize) could, even if I save and invest for many years.

And, yeah, I'd definitely class myself as a Dreamer.

What is the economic demographic of lottery players?

shyguitar — Thu, 14 Aug 2014 11:25:16 GMT

Hello,

I am wondering about the demographics about lottery players. Wondering if people who have great careers and make good money play the lottery or is it the people who can least afford it play? I only started playing the lottery 4 years ago but have worked in low paying jobs my whole life. I tend to think that people who make a good living would tend to have their money in stocks and have 401k plans. I can see someone who always made a good living and was conservative with their money bei... [ More ]