Kids & Teens Learn About a Lottery
A lottery is a game where numbers are drawn and winners win prizes. Lotteries are often run by governments to raise money for a variety of reasons. This video helps kids & teens learn about the concept of a lottery by explaining the odds and how they work. It could also be used as a money & personal finance resource for students, parents & teachers in a K-12 classroom or homeschool setting.
State lotteries have gained widespread acceptance in recent decades as a way for governments to expand their social safety nets without the need for especially onerous taxes on middle-class and working-class families. But they are not without controversy: critics charge that lotteries promote addictive gambling behavior and are a major regressive tax on lower-income people.
While there are many different kinds of lottery games, the vast majority are designed to give players the chance to win a small prize by picking numbers from a larger pool of possible combinations. These numbers are then drawn at random to determine the winners. Prizes can range from a single item to a large lump sum.
Some of the most common prizes include cars, appliances, vacations, cash, or other merchandise. In some states, a percentage of the proceeds is given to charity.
