Lottery Mania
A Motley Fool Special Report

Here we go again. The multistate Powerball lottery jackpot is now at a record $250 million, and once again Americans are losing their heads.

Lottery Mania
Consumers hoping to be the next instant multi-millionaires are emptying wallets, bank accounts, and college funds for a chance to win the big one. They're crossing state lines and waiting in line for hours for the privilege of buying a ticket. They're pinning their hopes for a financially secure future on a money pit that offers odds of 80 million to one. You have a better chance of being struck by lightning than walking away with that jackpot.

The last time Powerball lottery mania hit, just two months ago, Jim Surowiecki wrote an excellent article on the problems with state lotteries. Although the jackpot has changed, the facts remain the same. If you're even thinking of buying a ticket, be sure to read that article and the other links on the right. Maybe then you'll toss that $20 into your kid's college fund instead of throwing it away on lottery tickets.