Society & Culture & Entertainment Games

The Game Mechanics of Lotteries

The lotteries played in North America (Canada and United States) are based on the pari-mutuel system.
This is a French term that simple means that the size of the jackpot is dependent on the amount of tickets sold.
This system makes the game extremely exciting and it draws people in as well.
If the jackpot is not won then it rolls over to the next drawing making each jackpot more sought after than the one before it.
What a lot of people don't know is that many of the lotteries that are popular in our country are used to f und projects like building schools and hospitals as well as churches and assist with funding for cultural projects to include art performances at museums etc.
The money from the lotteries doesn't take care of these things in total but each lottery corporation has to donate a minimum of 30% of their proceeds to projects like the aforementioned.
The federal, provincial and state governments also mandate how the money made from selling lotto tickets is used.
A minimum of 50% of the money made by these companies has to be returned to the public in the form of winnings.
So for the year the total amount of what is paid out by these companies is just half of their profit.
Then there is the 30% that they have to give for funding causes.
This leaves them with only 20% profit or even lower.
This is used as salaries for employees, money for advertising and expenses such as printing the tickets.

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