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Excellent post. It should be sent to every representative in states with a lottery system. I have a hard time defending the merits of American government when I see it being used to perpetrate the worst investment scam on a series of demographics (i.e. human beings) that can least afford to be scammed. I don't feel I'm being unfair or insulting that I consider it to be a downright disgrace.

Given all this, my response to your fine review of the numbers is -- shouldn't we let the casinos run our public education system? At least the casinos know what a reasonable payout is! Think how math classes would improve across the land. You could attend the Mirage schools or the Trump schools or the Flamingo schools. I bet we could get Nevada and New Jersey onboard.

Thanks for a great note. I believe The Motley Fool will be largely responsible for bringing the state-run lottery to its knees over the next ten years.

Tom Gardner, Fool
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