Winning the lottery is one of the most exciting things that could happen to a person. It is indeed a lucrative opportunity that befalls only the rare ones. Here are some crazy facts about winning the lottery:
- Out of all the people that win the lottery, around 70% of the people spend all their winnings and lose all the money within seven years.
- The number ‘7’ is the most commonly chosen number in the lottery.
- The most commonly drawn numbers in the lottery are 38,44 and 40.
- Most people tend to select the lottery numbers on the basis of last week’s lottery results.
- The highest number of lottery tickets are sold in New York, as compared to any other US state. New Yorkers shel out over $9 billion for lottery tickets each year.
- The ;probability of winning the lottery does not increase with subsequent draws.Even if a person buys thousands of lottery tickets, the probability of winning the lottery stays at one in 20,201,338.
- It would take $584,402,676 in order to buy every single lottery combination if the price of a single lottery ticket is $2.
- The US state with the least number of lottery tickets sold is North Dakota.
- The probability of winning the Powerball is 1-in-292 million.
- More women than men tend to play the lottery. Men buy lottery tickets every 18 days, while women buy lottery tickets every 11 days.
- It is more probable for a person to win the lottery than it is for them to find true love.
- Only six states in the United States do not participate in the lottery, as they are already gaining from the gambling profits. These six states are: Hawaii, Nevada, Utah, Alabama , Alaska and Mississippi.
- More youngsters tend to play the lottery than older people. Almost 70% of people between the ages of 20 and 30 buy at least one lottery ticket per year. And 45% of people above the age of 70 buy a lottery ticket per year.
- The largest lottery winnings in the United States ever awarded were $1.5 billion, in January 2016.
- The states can tax the lottery winnings, as well as the IRS can take upto 40% of the prize money if a person wins the lottery.
- The state often runs the lottery and it can benefit the government in various ways, such as providing senior citizen care, providing healthcare and education, gaining tax relief and aiding in construction projects.