
Popular scratch-offs — such as the Maryland Lottery’s Baltimore Orioles offering — promise big prizes and inflated payoffs to hopeful gamblers, but at what odds?
IS MARYLAND’S LOTTERY
‘THE’ FINANCIAL ANSWER
TO ECONOMIC AILMENTS
PLAGUING THE STATE?
Big dreams rarely translate
into equally inflated payoffs
MARYLAND LOTTERY:
LET YOURSELF LOSE
By David Maril
We all have our dreams about the lottery and all the big revenues and jumbo payoffs so many local politicians are promoting. Isn’t it remarkable how so many have suddenly embraced gambling as the financial solution to economic ailments that plague the state?
Me? I don’t buy lottery tickets or go to casinos. Still, I have gotten to the point of a skeptical acceptance.
If you are not a player or participant, it becomes a fascinating study of human nature every time a potential lottery dollar-payoff-figure rises into the hundreds of millions.
Lottery talk becomes an interesting diversion.
We all love to fantasize about how our lives would change by winning $400 million. Hey, even a puny $1 million would mean a drastic change for most people.
Few of us however acknowledge that the odds of winning the millions-of-dollars mega jackpots are extremely remote. I think I’d have a better chance of being called in by the Orioles to pinch-hit in the ninth inning of the seventh game of this year’s World Series and delivering a walk-off bases loaded world championship-clinching home run.
Still, millions of consumers spend every dollar they have available to buy as many chances as possible for a shot at a giant prize.
You hear people swear that “after” they win they’ll never report for another day of work.