An analysis of Lotto entries shows many players gravitate to the same number combinations, increasing prize sharing and reducing value.
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Two key factors mean some gambling forms are more harmful than others: the speed of betting, and bet size.
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
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Professor Emeritus of Finance, University of Otago
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Professor in Computing, University of Otago
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Professor of the Practice of Data Science, Washington University in St. Louis
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Principal Research Fellow, CQUniversity Australia
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Head, Experimental Gambling Research Lab, CQUniversity Australia
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Senior Lecturer in Statistics, CQUniversity Australia