Introduction While lotteries are often viewed through the lens of individual hopes and dreams, their impact extends far beyond the realm of personal fortune. In this article, we will explore the macroeconomic effects of lotteries, shedding light on their broader implications for economies and governments. Government Revenue and Expenditure Lotteries serve as a significant source of revenue for governments, with proceeds often earmarked for public projects and services. From funding education and healthcare to supporting infrastructure development, lottery revenues play a crucial role in...
