IndexPsychological explanation of playing the lotteryEconomic side of the lotteryConclusionThe lottery is considered one of the most sought after things in our modern society. With its affordable ticket prices and eye-catching advertisements, it manages to promise favorable luck to the lucky person who manages to snatch the prize. Across the media, news of winners from across the country piques our interest in playing, seeing the large amounts of money and healthy lifestyle that the lottery seems to offer. We would like to talk about lottery winners who achieve all their life goals and even start a business. However, the truth of the lottery has a more negative effect. Despite the brilliant path it seems to open up for us, the lottery does nothing but lead that individual down a path of misery and depression. It brings out the worst aspects of a person and ruins the lives of millions of people, both directly and indirectly. The State Lottery is harmful to a large extent both for the economy and for a person's financial and social life. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayThere have been several incidents where past lottery winners lost every penny they earned. Before winning the $2.76 million lottery jackpot in 2005, Lara and Roger Griffiths, from England, were in an undiscussed relationship. After winning, they bought their big dream house and also took several trips around the country. In 2010, however, an accidental fire devastated their home, which was underinsured, burning through their money, bills and their new lifestyle. Shortly after, Roger left Lara for someone else (Abadi). Michael Carroll was 19 years old when he won the British jackpot of 9.7 million pounds, or 15 million dollars, in 2002. But due to his natural tendency to spend his money on crack, parties, prostitutes and cars, in just five minutes he was back to where he started. years. He is currently hoping to get his old job back. (Abadi). After winning an $18 million lottery jackpot in 1993, Janite Lee lost everything within a decade when Lee, a South Korean wig maker, burned it all for charity. She was a major donor to the Democratic Party, but her generous hand, along with some gambling and credit card debt, was what ruined her, having filed for bankruptcy in 2001 (Abadi) Psychological explanation of lottery game Given the experiences formed by lottery players, there is a psychological level when it comes to playing. According to Kevin Loria, a business insider at ScienceAlert, studies show that people are forced to buy tickets because "we have trouble understanding how unlikely a win is" and we give ourselves reasons to think we might win. Some research also suggests that the most frequent gamblers are those from low-income areas hoping to escape their financial circumstances. The research cited as the most “interesting” indicates that winning the lottery does not make people happier in the long term. Contrary to what most people believe, winning the lottery does not make people more likely to spend crazy amounts that would leave them broken and unhappy, although there are many people who have done so. There are winners who report finding themselves just as happy as they were before they won, as if winning gave them only very few levels of happiness. Further psychological tests demonstrated little benefit from winning the lottery. A 1978 study on this topic, asexplained further by ScienceAlert, compared 22 lottery winners with 22 members of the control group, who won no money, and with 29 people who were paralyzed in accidents. After completing the test, lottery winners reported being happier than paraplegics and quadriplegics, with a 4 out of 5 and a 2.96 out of 5 respectively. The control group scored an average of 3.82 out of 5 However, lottery winners reported getting the least enjoyment from what the researchers called 'worldly pleasures'. These were the pleasant aspects of daily life like having breakfast and so on. What is surprising is that lottery winners did not report being happier than non-winners and that accident victims reported being above the midpoint of the scale. Overall, winning the lottery didn't increase happiness as much as people had theorized, and a catastrophic accident didn't make people as unhappy as one might have expected. Winning the lottery jackpot does not guarantee solutions to people's problems. There are many stories of couples and individuals whose lives crashed and burned after winning. Not having enough money can make someone anxious to spend their winnings on anything they couldn't afford before. YourTango contributor Stephanie Castillo says it's a luxury. However, money can easily inflict stress and distrust in a relationship. In his example, one may buy something under the other person's nose, leading to a disagreement about wasting money. The two will then end up questioning each other's spending habits for fear of failure, leading to a disconnect between them, since it is money that holds the relationship together and not themselves. Stephanie Castillo also talks about relationships becoming less sincere. Everyone is looking for friends with the most digits in their bank account. Then, when both that person and their spouse become millionaires, they end up receiving phone calls from friends they've been disconnected from or friends who were never really close. Suddenly, the line between genuine and non-genuine becomes blurred. Anyone who has any relationship with a lottery winner will appear trying to squeeze every penny they have. As Castillo said, "Soon people will be begging, and you and your partner may start arguing about who you should or shouldn't help with your money." world that the winner will have to go through, leading him to encounter a similar process after winning. A FashionBends staff writer describes this life by commenting on the enormous amount of documents handed to them and the fact that their names and hometowns are legally considered public information. That means reporters across the state will sniff them out (Staff Writer). According to the author, lucky lotto players "become one of the most heavily targeted targets in the entire world," Andrew Stotmann, who is a securities lawyer who has represented more than a few lottery winners. Even if winners initially state that they would call a loved one if they won, most real winners stay hidden as much as possible until they have enough lawyers or accountants on their side. Economic side of the lottery In terms of economics, the position of the lottery in the matter is greatly questioned. There is constant discussion about whether consumers who purchase lottery tickets will be more profitable than consumers who purchase ordinary goods. Victor Matheson, an economics professor at the College of the Holy Cross, released a statement to CNN News that the research is pointing.