Is the Lottery a Form of Gambling? Or a Hidden Tax?

In the world of mathematics, a Lottery is a discrete distribution of probability over a set of states of nature. Many states have a lottery program. Florida started one in 1890, while Kansas, Idaho, Minnesota, Missouri, Oregon, and South Dakota followed. Washington state and New Mexico followed soon after. In the 1990s, Texas also introduced … Continue reading Is the Lottery a Form of Gambling? Or a Hidden Tax?