How Do Lotteries Make Money?

When you see jackpots in the billions of dollars, it’s no wonder you’re asking how lotteries make money. When a ticket for those mega jackpots costs just $2, it makes you wonder even more. What with the enormous prizes, the advertising, and administration costs, how can there be so much left?VIEW POST

Do Lottery Winners Go Broke?

Winning the lottery may seem like a dream. You would never need to work again or worry about money, and you could buy anything you wanted without so much as breaking a sweat. But many winners, in fact, handle money poorly and ignore financial advice.VIEW POST

Does Lottery Wheeling Work?

For those trying to improve their odds of winning a lottery prize, they may stumble across the lottery wheeling practice, a hotly debated method. Some stand by lottery wheeling and even create apps in order to make it easier for people to play. Others declare it worthless.VIEW POST

Is the Lottery Haram? What You Need to Know

When thinking about whether something is forbidden or not, it can get complicated. Sometimes the words seem clear, but how religious leaders interpret them can be confusing, especially if they contradict each other. And what about people who participate in something that is supposedly forbidden, does that make them evil?VIEW POST

Are Lottery Winnings Community Property?

Once you win the lottery, family you didn’t know you had will come call or visit, asking or begging for a piece of the pie. Saying no to a distant cousin is one thing, but what about a former spouse? If you and your partner are separated, in the process of seeking a divorce, or divorced, do you have to share your winnings with your ex?VIEW POST

Lottery Annuity vs. Lump Sum: Which Is Better?

Winning the lottery is an exhilarating experience. If you've been lucky enough to win the big jackpot, you will immediately be faced with the choice of taking either the annuity or the lump sum. Both have advantages and disadvantages and can be confusing.VIEW POST

What to Do if You Win the Lottery: The Ultimate Guide

Winning the lottery is about as likely as--well, winning the lottery. Your odds are about 1 in 300 million. Still, you could be one of the lucky ones who stumble on the big jackpot and win millions of dollars. Have you ever thought about the practical side of winning the lottery?VIEW POST

Can You Predict the Lottery?

It's the wish of everyone - pick the winning numbers to the biggest lottery ever, and retire on an island, never to have to work another day. If only there were a way to pick the right numbers every time and win multiple lotteries. Well, only one would be nice, right?VIEW POST

Are Lotteries Rigged?

Let us say you found old lottery tickets while you were cleaning out your kitchen or going through that stack of papers that have been needing to be organized for months. An old lottery ticket seems useless, right? Is there anything to do with it besides throwing it away?VIEW POST