Sunday, April 1, 2012

Mega Millions

The Mega Millions lottery drew attention all over the country last week when Friday’s jackpot reached a record-breaking $656 million. The jackpot sparked more and more interest as it continued to grow over a nine week period. By Friday, Americans had spent nearly $1.5 billion on Mega Millions tickets and people all over the country logged on to Facebook and Twitter to comment on the lotto.

The huge jackpot gained national attention and coverage without Mega Millions having to lift a finger. The prospect of winning $656 million generated plenty of buzz on its own.

However, this may also have a negative impact on Mega Millions. Economists suggest that a “negative hangover effect” sometimes exists when people come hyped about a lottery but then do not come out on top. This probably will not occur in this case because the people who always buy tickets will likely continue their regular play patterns.

http://www.usatoday.com/news/nation/story/2012-04-01/mega-millions-lottery/53932490/1?csp=34news