In recent years, it has been seen that there is a huge lottery craze growing in India. Thus, people are becoming crazier about buying lottery and Matka gambling. Yes, you are thinking it right, I do have statistics for this. Below are the 5-year Google trends that show that people are searching for lotteries and Matka gambling opportunities.
On the other hand below you can see the trends of Matka gambling, which is rising from year to year. However, compared to the lottery craze, Matka gambling is still on the normal track. So does that mean people are playing online lotteries more to earn money? Or it signifies that people are losing their jobs. This is because you can see the rising trend after covid 19. Therefore, if it is due to unemployment, then India needs to worry about it.
Online Lottery Facts Check
Even recently I have come across many articles which provoke people to buy and play with lotteries. Today, I found a similar article on this site that says how to continue winning lotteries in 2023. Thus, people get to know how and which techniques they should look for to earn money. Therefore, we believe that may be the one factor, driving people to the lottery craze.
Further, there are many websites that carry day-to-day lottery results. Most people are looking for live daily Nagaland lottery results 25.08.23 and related news.
I even found that there are more than 10 Million people who search the lottery results every month. Let us see below the psychology behind buying these lottery tickets.
Psychology Behind Buying Lottery Tickets
1. Hope
I never understood why people buy lottery tickets until the day I bought one. I was working in a call center (I wrote an article about it last week), I couldn’t sleep at night, I was anxious, 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 would 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 wasn’t worried about work. I went home that night, fell asleep immediately, and dreamed of winning the lottery. The hope a lottery ticket gave me was worth the $2 I paid for the ticket. It was not a rational hope, but an aspirational one. “It wouldn’t be funny if that happened,” he hoped. Unfortunately, I didn’t win the lottery, but in the end, it all worked out and I’m now past my wild lottery ticket-buying phase (it was actually the first and only time I ever bought a ticket).
2. Sobering 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 a living wage, they wouldn’t need to gamble away the little money they have for the 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.
Conclusion
It is relatively well-known that people who win the lottery are (still) unhappy in the long run. They continue to buy tickets even after winning. However, this does not bring them down from the lottery craze.
So maybe it’s not about winning. It is relatively well-known that the odds are very heavily stacked against you. Like, really high. Statistically, in the U.S. You are 400 times more likely to be struck by lightning than to win mega millions.
That means buying a lottery ticket is about as rational as paying $800 a day to be protected from 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 any of that. It’s about the journey. It’s about feelings. People pay for the trip to the cash desk and get a ticket and the excitement of hope and possibility. Why, if only for a few moments, could a little pocket change allow us to 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 a Content Writer and executive at Gaonkar Website. He shares his experiences and statistics with creative people and business groups.