# The economics of American lotteries

Source: https://archive.is/Kuzfv
Kiwi News: https://news.kiwistand.com/stories/The-economics-of-American-lotteries?index=0x660fa92779115fc8a49d4b7d216fac4dbcca67b9fbb786a984c92a40b5ee7f6e3bddeaf6
Submitted by macbudkowski.eth on 2024-04-05 UTC, 1 upvote, 1 comment

## Comments

**macbudkowski.eth**: >>> "In 2023 Americans shelled out more than $100bn on state-run lotteries (see chart 1). Were they a single company, America’s lotteries would be the ninth-most profitable in the country."

I guess the memecoin mania has been a reflection of a broader gambling trend. Memecoins are just lotteries for the young generation.