Gambling

The Biggest Lottery Winners Are States

By and on March 22, 2012

Gambling

The Biggest Lottery Winners Are States

(Corrects Wisconsin and West Virginia labels.)

Lotteries have the longest odds of any form of legal betting—and yet they’re a consistent moneymaker, generating roughly $50 billion in 2010 sales for the 43 states that operate them. The Bloomberg Rankings Sucker Score represents the portion of personal income a state’s residents lose on lotteries.

Here's how it's calculated: [(Total annual ticket sales - total annual prize payout) / total annual personal income of the state’s residents] x 10,000
McIntyre is an analyst for Bloomberg Rankings. Young is a reporter for Bloomberg News.
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