Chi 3 Americans now spend over $70 billion a year on lottery tickets. That's more than we spend on sporting events, books, video games, movies, and music combined. That spending works out to about $640 a household Poor people are proportionally the biggest buyers of lottery tickets. Households with less than $25,000 of income spend $1,100 a year on lottery tickets. By contrast, households with more than $50.000 of income buy only $300 of lottery tickets each year. points References Education also affects lottery spending 2.7 percent of high school dropouts are compulsive lottery players, while only 1.1 percent of college grads play compulsively. Since lottery games are a sucker's game to start with payouts average less than 60 percent of sales - lotteries are effectively a regressive tax on the dumb and the poor Source: Research on lottery sales Instructions: Enter your responses rounded to two decimal places. What percentage of income is spent on lottery tickets by a. A low-income family with an income of $23,000 per year? 02% b. A middle-income family with an income of $62,000 per year