WOW! I just heard one fun fact: Americans will spend $73 BILLION this year on lottery tickets! Coloradoans spend right around $100 per year, while the overall average spending in the USA is $223 per person. REALLY? For a GREAT article on this topic go here.The numbers will astound you!
Next I wondered who spends the most on the lottery by income. There I found that some households earning less than $13,000 a year spend a shocking 9% of their money on lottery tickets. The lowest-income households in the U.S. on average spend $412 annually on lottery tickets, which is nearly four times the $105 a year spent by the highest-earning households, according to a recent study by Bankrate.com. And almost 3 in 10 Americans in the lowest income bracket play the lottery once a week, compared with nearly 2 in 10 who earn more than that.