Lotteries Prove to be a Recession Proof Industry

Gambling News - July 14th, 2009 - Written by Glen

Only 8 of the 50 states do not have lotteries, and those that do have been seeing revenue figures that have remained steady since the previous year, indeed a rise. While jobs are lost, players seem to be turning to the lottery as a solution to their problems.Over half of the states that hold lotteries have seen an increase in the number of purchases. Scratch tickets have become a hot commodity as players continue to buy them up by the handful. Five or ten dollars turning into millions is something many players envision as a feasible retirement plan, even if this is a fallacy of logic.

Due to the incorrect assumption that you eventually have to win, players are continuing to shell out the cost of a lotto ticket for a chance at millions. Multi-state lotteries are adding more states to their ballots, bringing the biggest name in the industry, the Power Ball, to a total of 30 states including the Washington D.C. area as well as the Virgin Islands.Despite astronomical odds, lotteries run by the state have not been damaged. People have found hope for a better tomorrow in the different lottery games available, and each one is clambering for a piece of the pie.

Fanciful slogans such as "You can't win if you don't play" tend to attract more consumers to play. These hopes, while could prove false, are all some people have to cling to in rough economic times. After all, play the lottery on Friday and you could wake up a Millionaire on Sunday.