With the Mega Millions Lottery reaching a world record jackpot of over $640 million, the question needs to be asked is what type of gambling formats are for suckers and what formats provide a reasonable chance of winning.
Online scratch cardshave one of the highest payout ratios in the online gambling world. In top notch scratch card sites like Winners Island offer no less than a 95% Payout ratio. This translates into 1 in every 3 chances on a scratch card is a winning one.
Believe it or not in a survey by the Consumer Federation of America and the Financial Planning Association which was published a few years ago, it was found that over 21% of adult Americans agreed with the following statement,” Winning the lottery represents the most practical way [for me] to accumulate several hundred thousand dollars.”
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This incredible statement is hard to fathom as in a pure numbers game the chance of winning the lotto is just about impossible. In a recent report in Bloomberg various states were ranked according to the level of “suckers” in America in relation to their lotto buying habits.
Unlike lotto tickets which are one dimensional, online scratch cards offer million dollar jackpots with pricing starting as low as 10p while providing varied and exciting based scratch card games that guarantee to cater for all.
Instead of just choosing numbers and hoping the modern version of the online scratch card gives you a thrilling and entertaining online gaming experience. There are scratchgames that that target sports fans while at the same time more feminine scratchies like Mega Love that appeal to the feminine scratch cards market.
The dubious winner of this title was that of Georgia whose inhabitants spent over $3.4 billion in lottery tickets annually. This works out at an average of over $470.73 per adult per year! To further add insult to injury Georgia also has the lowest rate of paying winning lottery payouts at a measly 62.9% which does not say much for their state inhabitant’s shrewd buying power.
It is worth pointing out that 43 states do run state lotteries while seven do not. According to the U.S. Bureau of economic Analysis the average payout for state lotteries is under 60% of all the revenues collected.
With the U.S. gambling market opening up it seems that online scratch cards are a better option for both online players and states. The fact that scratchcards are a popular socially acceptable gaming format makes the “scratch card” an easy sell for politicians who are wary of negative impacts of traditional forms of gambling.
Bloomberg’s study further concludes that state-run lotteries have the worst odds of winning than any other form of legal gambling in the U.S.
The so called “sucker index” as defined by Bloomberg just puts the lotto odds into perspective. To demonstrate this the odds of winning the California Super Lotto Jackpot are 1 in 18 million while the odds of dying in a plane crash are 1 in 355,318
While all online gambling involves some sort of risk, online scratch cards are a much wiser and intelligent choice for those looking to truly change their winning fortunes. With Scratchies like Super 3Wow paying out million dollar jackpots, the “scratch card” is the intelligent choice of many online casino players.