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Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets - combined.

In 2021, Americans spent $105.26 billion on lottery tickets, making it the most popular form of gambling. That's more than the total spending on music, books, sports teams, movies and video games combined

 

A survey released Wednesday by Bankrate found 28 percent of Americans who earn less than $30,000 a year play the lottery at least once a week. They spend $412 a year on tickets. Other financial vices of low-income Americans include restaurant food and prepared drinks, like coffee and smoothies. In addition to lottery tickets, those items account for $2,118, or 13 percent, of their annual income, on average, Bankrate found. 

Presumably, higher earners found different venues to burn through cash. Households with incomes of $75,000 and above spent $105 a year on lottery tickets, a quarter of what low-income homes spent, the August survey of 1,000 Americans age 18 and older found.

 

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