Trends Big Dreams, Slim Odds: The Lottery Economy Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint.com Published Aug 27, 2010 1 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Who doesn’t dream of winning the lottery one day? Even people who don’t play probably fantacize every now and then about becoming a millionaire overnight: something few things but the lottery can help you achieve. The truth, of course, is that your odds of winning the lottery are very slim: as slim as one in 195 million. And if you did win, you could end up receiving less than half of the advertised payout amount. Worst case? You could still end up blowing through your winnings and filing bankruptcy. There is, of course, an entity that profits from the lottery no matter what: the state in which it is administered. Though the majority of the money collected from the sale of lottery tickets does go back into the jackpot, states collect their share. To find out which states collect the most, how much the winners get to keep and other interesting lottery facts, see our latest infographic. Previous Post When Are Credit Card Rewards Worth It? Next Post Why Retail Therapy Feels So Darned Good Written by Mint.com More from Mint.com Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance