Millennials & Lottery Tickets

Millennials belong to a generation that is struggling financially. As a whole, they are facing major debt, rising housing prices and plateauing salaries.

But for anyone who thinks that these financial realities would make playing the lottery more enticing, think again. This generation is not willing to bet their money on the lottery.

A Gallup survey found that while 61 percent of people ages 50 to 64 played the lottery, only about a third of people between the ages of 18 to 29 are doing the same. The generation has simply scratched lottery cards off their list of must-dos.

According to CNBC, 62 percent of Millennials report that they are living paycheck to paycheck. So some might think that a little gambling in the lottery might be beneficial for Millennials trying to score a large payday. But think again.

Millennials are looking at the odds of actually winning a large lottery windfall and deciding the gamble just is not worth it.

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