It seems like we all get Lottery Fever whenever there is a huge Powerball or Mega Millions jackpot.
Using Census data, MoneyWise.com has calculated that the average U.S. adult spends about $313 a year on lottery tickets. But in some states people tend to spend two or even three times that amount!
MoneyWise also determined how the typical person’s lottery money could grow if invested in stocks instead.
Illinois is home to some of the biggest lottery spending, coming in at #18 on their list!
The state’s adults spent an average $289.69 for lottery tickets in 2016. If they’d put that money into stocks instead, they would have had $393.98 at the end of 2017.
So is it worth investing or will you continue buying lottery tickets in hopes of one day hitting that big jackpot??