Wednesday, November 12, 2014

John Oliver: The Poor Make The Lottery A Success!

The Multi-State Lottery Association releases a new game. Monopoly Millionaires Club begins. Many states are licensed to sell this game. Hasbro authorized the usage of its game.

HBO's Last Week Tonight is a hit. The former writer and contributor to The Daily Show with Jon Stewart, John Oliver host the program. This episode got me thinking. Oliver covers the state lotteries.

How could  45 states, DC and three territories profit off the lottery?

They take advantage of the poor.

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize.

The outcome of the wager is often immediate, such as a single roll of dice or a spin of a roulette wheel, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

John Oliver nails it to the wall and let's it hang. It's gone viral and I hope you take interest in it.

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