I think playing the lottery increases the chances of being financially illiterate because the people who play are probably not educated enough to know the downsides. If you think from the person's point of view, there is not much profit in gambling. Karan Here the major awards are very rare and only a few achieve these major awards. However, there are no limits on gambling participation or earnings, no time constraints and virtually no effort required. That is one can earn a lot of money without following any strict rules just by testing luck. But in a competitive market there may be games with a more competitive edge but most lotteries are legal monopolies.
Not to make out some discrimination into those people who arent that educated into things like financial management and other possible knowledge on which you could be able to apply at the moment that you have win up something. Somehow not all uneducated person will be having this kind of approach on which there would be still those individuals who are really that wise enough on how to handle up their winnings and will be finding up other ways which is out of gambling to make use of those money to make some investment or business rather than on playing it gambling or lottery again and again because you do want on something more. They would really be thinking that they had been able to make those winnings again on the moment that they will be buying more tickets or will be playing gambling even more which is really that very wrong. It is already that normal or typical that people are really that ending up on getting broke because of such mismanagement of their winnings.
People will really be just that having those regrets at the moment or time that they dont have anymore money into their pockets or in the time that they had already starting on selling out into those things that they have bought earlier on which it doesnt even generate some extra income. There are tons of families like this on which they do spend up like a mad man on a single day even on buying those useless stuffs excesssively rather than on saving it on bank. Situation will always lied down basing up into the conditions that you havent met out.