>"Offer a lottery with a high payout rate and flatten jackpots to the extent they don't cause a shift into other worse sorts of gambling"
What is meant here by "flattening" jackpots? And how does it help?
What is meant here by "flattening" jackpots? And how does it help?
One can't make them too flat because consumers like large jackpots which is why they've grown over time and become harder to win. Presumably there's a level below which consumers would switch to other types of gambling regardless of legality.
Instead of 1 in 300,000,000 chance of astronomical money make it 1 in 50,000 of getting a new car or similar.
I'm not sure why it helps. I guess there are more (but smaller) winners, which the poster thought was better.
It’s like buying into a raffle, except you can get your money out.