A state lottery uses 35% of lottery ticket revenue for prizes, 15% for administrative and retail costs,
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A state lottery uses 35% of lottery ticket revenue for prizes, 15% for administrative and retail costs, and 50% of ticket sales revenue for general state government expenditures. Lottery ticket winners are chosen at random through a fair process. Most lottery winners describe the experience of winning as a ragsto-riches change. Is this experience of using a lottery for state revenue regressive, proportional, or progressive? Create a basic example to illustrate your answer.
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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