In recent years, Indians have been seen going crazy for buying lottery and Matka gambling. Yes, you are thinking right, I have statistics for this. Below are 5 years of Google trends showing that people are looking more for lottery and Matka gambling opportunities.
On the other hand below you can see the trend of Matka gambling, which is increasing year by year. However, matcha gambling is still on a normal path compared to the lottery. So does this mean people are playing online lotteries more to make money? Or it indicates that people are losing their jobs. This is because you can see an increasing trend posts covid 19. So if it is due to unemployment then India needs to worry about it.
Check online lottery facts
Recently I have come across many articles that encourage people to buy and play the lottery. Today, I found a similar article on this site on how to continue winning the lottery in 2022. In this way, people know how and what techniques they should look for to earn money.
Further, there are many websites which are providing daily lottery results. Most people are directly looking for sambad lottery
state results and related news.
I found that there are more than 10 million people who search for lottery results every month. Let's see below the psychology behind buying these lottery tickets.
The psychology behind buying lottery tickets
I never understood why people buy lottery tickets until I bought one. I was working in a call center (I wrote an article about this last week), I couldn't sleep at night, I was nervous and worst of all I was broke. The lottery jackpot got really high, about $800 million, and I bought a ticket. Of course, I didn't think I'd win, but what if I did? I can buy a house and a car and I can quit my job. I will never have to worry about money again and neither will any of my friends or family.
The day I bought the lottery ticket was one of the few days I didn't worry about work. I went home that night, fell asleep immediately, and dreamed of winning the lottery. The hope that a lottery ticket gave me was the $2 I paid for the ticket. It was not a rational hope, but an aspiration. "It wouldn't be funny if it did," he hoped. Unfortunately, I didn't win the lottery, but in the end, it all worked out and I am now past my wild lottery ticket buying phase (it was actually the first and only time I ever bought a ticket).
2. Alarming statistics
Are the majority of people who play the lottery poor, or is this a common misconception? Unfortunately, statistics tell the same story as common sense. Most people who play the lottery are poor, and 28% of households earning less than $30,000 play at least once a week and spend $412 a year on tickets. Households making at least $75,000 a year spend $105 on lottery tickets, nearly four times less than poor Americans. The most shocking statistic I found was that families making less than $12,400 a year spent 5% of their gross income on the lottery.
Further, there are many articles that blame the poor, but this is not one of them. The sentiment expressed in poor-blaming articles is usually, "If poor people bought fewer lottery tickets, Starbucks, and fast food, maybe they wouldn't be poor." Well, maybe if poor people made living wages, they wouldn't have to gamble what little money they had for an astronomically small chance of a better life. Perhaps the cause of careless spending is not the poor's lack of self-control, but anxiety and a feeling of being trapped.
It is relatively well-known that people who win the lottery are (still) unhappy in the long run. Even after winning, they are still buying tickets.
So maybe it's not about winning. It is relatively well known that the odds are stacked very heavily against you. Like, really high. Statistically, you are 400 times more likely to be struck by lightning in the US than to win Mega Millions.
That means buying a lottery ticket is about as rational as paying $800 a day to protect against lightning. Would you invest in that protection? probably not. So maybe it's not about probability, rationality, or math.
Of course, it's not about that. It's about the journey. It's about feelings. People pay for a trip to the cash desk and get a ticket and the excitement of hope and possibility. Why, if only for a few moments, a little pocket change can make us dream about a utopian reality? Sign me up.
When you don't win, it's game over. But will play again tomorrow. Dreaming again tomorrow. That's why millions of people buy lottery tickets, even though it doesn't make much sense on the surface.
About the author
Jayendra Gaonkar is the content writer and executive of the Gaonkar website. He shares his experiences and statistics with creative people and professional groups.
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