The Ethics of Lottery Gambling
The lottery is a form of gambling in which numbers are drawn for a prize. It is a popular activity in many states and is believed to be a harmless way for people to win money. However, critics claim that it can be addictive and causes serious financial problems for those who play it often. In addition, it can also impose a regressive tax on low-income Americans.
The popularity of state lotteries has been closely linked to political and economic trends in America. During the nineteen-sixties, state governments faced budgetary crises and were looking for ways to increase revenue without incurring the wrath of an antitax electorate. The result was that a number of state lotteries were established. Lottery revenues have grown rapidly since then, and many states are heavily dependent on the revenue stream.
This growth has triggered a series of ethical questions, including whether government should profit from gambling, which is by nature risky. The answer, Cohen writes, is that it should not. But the problem is not as straightforward as it might seem. Lottery advocates argued that, because people were going to gamble anyway, the government might as well pocket some of the proceeds.
But this argument flies in the face of the reality that, for most people, winning the lottery is not a surefire path to prosperity. In fact, it is likely to lead to a decline in quality of life for the average winner. The reason is that, by diverting money from other uses such as saving for retirement or paying down debt, people are reducing their odds of financial security and increasing their chances of losing money.