02/15/2017

Another Way Millennials Differ: They Don't Play the Lottery

Funding potentials are diminishing as younger Americans avoid this behavior

Recent research has found that Millennials rarely pick up a lottery ticket—an issue for both lottery groups and state governments, which don’t see as much funding potential in fantasy sports, a more popular pastime among young adults.

As is frequently highlighted here, the shifting tastes of young adults, also called Millennials, have a tendency to shake up the status quo.

One example of that comes from the traditional lottery system, an easy way for state and provincial governments to raise money for needs such as education and infrastructure. The problem is, Millennials just aren’t buying into the jackpot—according to a recent Reuters report, a third of adults age 18 to 29 have played the lottery in the past year, a sharp contrast to every other demographic in the Gallup study the wire service highlighted. For people age 50 to 64, 61 percent said they played at least once.

Please click here to read the complete article from Associations Now.