Bloomberg News released a brand new “Sucker Index” today. It created the Sucker Index with 2010 data from the US Census and annual reports from state lottery commissions. The total dollar amount of prizes awarded was subtracted from ticket sales, and then the difference was divided by the total personal income of each state’s residents.
While many are demanding the rich should pay higher taxes, instead government continues to shift more of the burden to The Lottery Class.
Massachusetts came in #2 nationally for playing its citizens for suckers. The possible addition of casinos and state lottery internet gambling may allow the state to capture the top spot next time. Click here to see Bloomberg’s two page PDF of its rankings.
The Suckers Index did not include perhaps the biggest “sucker” factor about government’s gambling program of state lotteries and casinos: most gambling operators and public officials who support them rarely gamble themselves. They are “The Smartest Guys NOT in the Room.”