Thursday, September 13, 2007

Lotteries in U.S.

Summary
In the United States, lotteries plays the most important role in the current economic climate. Governments, civic groups and private charites are all provided by voluntary taxaton. Lotteries has been existed for over 500 years which proves that Lotteries are a useful and viable financial resource for states. First, pulic goods such as education fees can be paid by lotteries as the welfare of individuals. Second, national revenues are raise over thirty billion dollars by state-sanctioned lottery programs. Third, lots of jobs are created by these lotteries which now become one of the largest source of revenue. Fourth, states can also profit from lotteries because of the economic benefit of providing relief to state taxpayers. So more states begin to fund the lottery programs to protect local economy. Thus, lotteries provide essential funds for state programs through voluntary taxation.

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