Lottery Statistics

Drawing lots to determine ownership is a centuries-old tradition, with many ancient documents documenting the practice. The practice gained widespread acceptance during the late fifteenth and sixteenth centuries, and was tied to the United States as early as 1612 when King James I of England created a lottery to provide funding for the settlement of Jamestown, Virginia. Today, the lottery is used by both private and public organizations to raise money for towns, wars, and public-works projects.

Statistics

Statistics of the lottery are part of mathematics. A study by Barboianu published in the Journal of Combinatorial Designs found that 45% of lottery winners voted for the correct party. This study indicates that there is heterogeneity in political beliefs and lifestyles of lottery winners. In addition, lottery statistics can be used to explain a variety of societal behavior, including voting. Here are some of the most interesting findings. In addition to revealing how much lottery winners are willing to risk, lottery statistics can also provide valuable insights into how much they can afford to save.

Legal minimum age to play

If you are looking to buy lottery tickets, you’ll have to be older than 16 years old. That’s the legal minimum age to play the lottery in most states. However, there are exceptions – Nebraska, for instance, does not allow lottery tickets to be purchased by minors. Similarly, Tennessee does not allow lottery sales to people under the age of 18.

Per capita spending

A recent report by LendEDU ranks state lottery spending per capita. The data comes primarily from the U.S. Census Bureau and is updated each two years. The authors then divided state lottery spending per capita by median household income to arrive at the median household income per person. These estimates were then used to determine the amount of money each state allocates to lottery spending. Taking this into account, we were able to calculate the average annual expenditure per capita in each state.

Unclaimed winnings

You might be tempted to throw away your old lottery tickets, but this could actually cost you big money. Unclaimed lottery winnings are millions of dollars worth of prize money waiting to be claimed. While a lucky winner recently won a PS125.1 million jackpot, other lottery winners are still waiting to collect their prize money. To be eligible to claim your unclaimed lottery winnings, you must contact the lottery operator within 180 days of your winnings.