As an Economics major in college I learned that the Massachusetts State Lottery, then less than five years old, is regressive. Meaning the people who can least afford to play are the ones who spend the most money. But at least the money goes to the state, rather than to organized crime.
The Boston Federal Reserve Bank recently published an analysis of the lottery. If you don’t want to read the article, this graph shows how big the Mass State Lottery is compared to other states.
Many years ago, on a lark I once bought a (losing) lottery ticket. The lottery is a voluntary tax, and people are okay with that. Trump’s proposed additional tax cuts will require new revenue. His tariff taxes, that are supposed to go into effect today, will serve that purpose. They won’t be voluntary and they will be regressive.
Boston’s GBH presents this exhaustive history of the Massachusetts State Lottery. It’s a story of Math, the Mob, the Church and, of course, Politics.
The complete series is available as an audio podcast.