Most state lotteries
A) have positive expected values.
B) have negative expected values.
C) have expected values equal to zero.
D) do not have expected values because state lotteries are not games of chance.
E) do not have expected values because most state lotteries are operated by government agencies.

Question

Quizplus · Accepted Answer

Most state lotteries have negative expected values. This means that, on average, players are expected to lose money over time. The odds of winning a large sum of money are extremely low, and the cost of playing the lottery over long periods of time can add up to significant losses.

Most State Lotteries