![]() Lotteries have the highest profit rates in gambling in the U.S.: in 1996, net revenues (sales minus payouts, but not including costs) totaled $16.2 billion, or almost 38% of sales. 1982 gross revenues were $4 billion, representing an increase of 950% over the preceding 15 years, 1982-1996. Lotteries rank first among the various forms of gambling in terms of gross revenues: total lottery sales in 1996 totaled $42.9 billion. State lotteries have the worst odds of any common form of gambling (a chance of approximately 1 in 12-14 million for most existing lotto games), but they also promise the greatest potential payoff to the winner in absolute terms, with prizes regularly amounting to tens of millions of dollars. ![]() It is also the only form of gambling in the U.S. It is the only form of commercial gambling which a majority of adults report having played. ![]() It is the most widespread form of gambling in the U.S.: currently, lotteries operate in 37 states and the District of Columbia. The lottery industry stands out in the gambling industry by virtue of several unique features. Lottery players risk a small amount of money against very long odds to win a large prize, with the net proceeds going to the public good." 1 In the words of one lottery director: "Lotteries are different from any other gaming product.
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