99% Invisible For a Dollar and a Dream
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Apr 11, 2023 Jonathan D. Cohen, a historian and author of "For a Dollar and a Dream; State Lotteries in Modern America," delves into the intriguing world of U.S. lotteries. He discusses how both players and states harbor unrealistic hopes for riches through these games, showcasing the psychological factors that fuel this behavior. The conversation explores the evolution of lottery systems, their moral justifications, and the stark differences in participation across income levels. Cohen also reveals how younger generations are shifting their gambling preferences, challenging the traditional lottery norms.
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Irish Sweepstakes
- One precursor to state lotteries was the Irish Sweepstakes, an overseas raffle.
- Jonathan D. Cohen's mother claimed her building's janitor won, allowing him to buy a neighboring apartment.
Early Lottery Design
- Early state lotteries faced design challenges due to federal regulations and taxes.
- New Hampshire's initial lottery tied tickets to horse races to circumvent laws, but New Jersey's simpler, cheaper model proved more successful.
Lottery Spread
- State lotteries spread like a virus; a neighboring state's lottery incentivizes legalization.
- This spread is fueled by the belief that gambling is inevitable, a belief reinforced by states' actions.
