{"id":1531,"date":"2025-09-07T22:07:47","date_gmt":"2025-09-07T22:07:47","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/lottery-spending-is-growing-residents-shell-out-the-most-in-these-states\/"},"modified":"2025-09-07T22:07:47","modified_gmt":"2025-09-07T22:07:47","slug":"lottery-spending-is-growing-residents-shell-out-the-most-in-these-states","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/lottery-spending-is-growing-residents-shell-out-the-most-in-these-states\/","title":{"rendered":"Lottery spending is growing. Residents shell out the most in these states."},"content":{"rendered":"\n<div id=\"\">\n<p>The Powerball jackpot\u00a0<span class=\"link\">swelled<\/span>\u00a0to nearly $1.8 billion before two <span class=\"link\">lucky tickets<\/span>\u00a0hit the <span class=\"link\">winning numbers<\/span> on Saturday night, Sept. 6. Powerball says the bit winners bought their tickets in Texas and Missouri, but some states have a larger share of participants than others.<\/p>\n<p>Massachusetts leads the way in lottery spending, according to a LendingTree\u00a0analysis\u00a0of government data. Residents there shell out an average of $915 a year on tickets they hope will earn them big bucks. Rhode Island residents come in second, spending $573 annually.<\/p>\n<p>North Dakotans are perhaps the most realistic about their chances of winning. They spent just $50 on lottery tickets in 2023, the lowest of any other state.<\/p>\n<p>But that may be because lottery tickets are harder to access there, according to LendingTree&#8217;s chief consumer finance analyst Matt Schulz, who noted that people in urban areas have more opportunities to purchase lottery tickets than those in rural areas.\u00a0<\/p>\n<p>&#8220;It&#8217;s easier to go to a convenience store and pick up a lotto ticket in Massachusetts or New York than it is in North Dakota,&#8221; he told CBS MoneyWatch. &#8220;Some of it might just be about opportunity.&#8221;<\/p>\n<div>\n<div style=\"min-height:599px\" id=\"datawrapper-vis-0eVIg\"><noscript><\/noscript><\/div>\n<p><amp-iframe width=\"100\" height=\"100\" layout=\"responsive\" sandbox=\"allow-scripts allow-same-origin\" resizable=\"\" src=\"https:\/\/datawrapper.dwcdn.net\/0eVIg\/2\/\"><br \/>\n<\/amp-iframe><\/div>\n<h2>Source of revenue<\/h2>\n<p>Lottery spending can generate a substantial amount of revenue in participating states. On average it accounts for about 1% of a state&#8217;s general revenue. That figure rises to 3% in Rhode Island, South Dakota and West Virginia, according to the LendingTree&#8217;s analysis. In Florida, lottery sales make up 2% of the state&#8217;s revenue.\u00a0<\/p>\n<p>&#8220;That shows how significant these programs are for these states,&#8221; Schulz said. &#8220;Imagine if something were to happen and suddenly 3% of a state&#8217;s revenue just disappeared.&#8221;<\/p>\n<p>While the\u00a0<span class=\"link\">odds of winning are next-to-none<\/span>, a prize-winning ticket can be life-changing. In 2023, Americans spent an average of $320 on lottery tickets, up about 4% from 2022, according to LendingTree.\u00a0<\/p>\n<p>Saturday&#8217;s jackpot \u2014 worth a total of $1.787 billion, or $820.6 million if taken in a lump-sum cash payout \u2014 is the second-largest prize in U.S. lottery history, according to\u00a0Powerball. The record jackpot of $2.04 billion was won on Nov. 7, 2022.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      Megan  Cerullo<\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Powerball jackpot\u00a0swelled\u00a0to nearly $1.8 billion before two lucky tickets\u00a0hit the winning numbers on Saturday night, Sept. 6. Powerball says the bit winners bought their tickets in Texas and Missouri, but some states have a larger share of participants than others. Massachusetts leads the way in lottery spending, according to a LendingTree\u00a0analysis\u00a0of government data. Residents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1029,1400,1401,1402,419,470],"class_list":["post-1531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-growing","tag-lottery","tag-residents","tag-shell","tag-spending","tag-states"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1531"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1532"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}