How The Lottery Works
When you play the lottery, you use a small amount of money to buy a ticket with a random number that will then be selected to win a prize. Although chances of winning are very low, this doesn’t stop people from spending millions or even billions on tickets annually. The lotto is treated just like any other income and is subject to taxation.
It is interesting to note that the government offers lotteries in the United States to raise revenue. The cash collected can be used towards funding various projects such as treating gambling addictions, protecting the environment, or funding educational projects.
