Lottery (Latin sortilegij) is a game of chance in which numbers are drawn at random to determine the winner. It has a long history, including as a method of dividing land in the Bible and in Roman law. It was popular in the 17th century, when it was used to collect money for the poor or to fund a variety of public usages. It became even more widespread when it was promoted as a painless form of taxation.
The lottery evokes feelings of excitement, curiosity, and anticipation—and the promise of a better life. “The narratives that showcase previous winners and their newfound wealth… tap into aspirational desires and make winning seem both attainable and life-changing,” says Ortman. “In addition, the fact that tickets are affordable and accessible enables people to experience a low-risk investment with the potential of a massive return.”
While there are some definite benefits to playing the lottery, it can also be addictive. If you are thinking of buying a ticket, review your finances before committing. If you win the lottery, hire a financial team, including a certified public accountant for taxes and a lawyer to help with estate planning and other issues.
While there are many factors that contribute to a lottery’s slim odds of winning, psychological research shows that there are a few key drivers for why people continue to play: