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On Point with Meghna Chakrabarti

The real winners and losers in America's lottery obsession

On Point with Meghna Chakrabarti

WBUR

News, On Point, Npr, Talk Show, Daily

4.33.9K Ratings

🗓️ 4 January 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

Americans spend almost $100 billion a year on state lotteries. Why do so many states receive just a fraction of that money? Jonathan D. Cohen joins Meghna Chakrabarti.

Transcript

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0:00.0

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1:02.7

This is on point. I'm Megna Chocro-Bardi. There's a company called Scientific Games Incorporated.

1:09.7

It's a soothingly benign corporate moniker that invokes, I don't know, maybe a modern-day

1:14.7

app maker. But Scientific Games Inc is so much more than that, so very much more. Scientific

1:22.6

Games, in fact, is one of the reasons why Americans spend almost $100 billion on state

1:30.9

lottery. Every single year. That's more than we spend on coffee, cigarettes, or smartphones.

1:37.9

That's also more than we spend on books, video games, sports, and movie tickets combined.

1:45.5

Well how? And why did that happen? And with such spectacular rapidity that when the first

1:51.2

scratch game was introduced in 1974 in Massachusetts, a mere two years later, every state lottery

1:58.2

that existed in 1976 had adopted scratch tickets and soon many more states jumped on the

2:04.4

Lotto bandwagon. So where is all that money going? Well Jonathan Cohen answers those questions

2:12.2

in his new book. It's called For a Dollar and a Dream. State Lotteries in Modern America.

2:19.2

And he joins us today from Fairfield, Connecticut. Jonathan Cohen, welcome to On Point.

...

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