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People Play the Lotto despite Ridiculous Odds

Forty-three states, along with the District of Columbia, Puerto Rico, and the US Virgin Islands, run lotteries [as of January 2014] …. According to a CNN article, "More than half of us have played the lottery in the last year, although 20 percent of customers buy the majority of the tickets." In fiscal 2012, Americans spent around $78 billion playing lotteries. Since 1964, when New Hampshire ...

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