Yesterday, by coincidence, there was an announcement by Scientific Games
That's right; there is no need to head down to the local 7-Eleven
Since we've poked enough fun at the lottery lately, I'll pass, but it is interesting to note that the Massachusetts Lottery and Scientific Games have been partners in creating games for more than 30 years. I find this very interesting because most folks would have been better off by investing directly in the company that provides Massachusetts its games instead of playing the lottery. Scientific Games traded back in 1984 for a split-adjusted $2.61. The firm, which now trades at $23.43, has returned 797% in that time frame -- 11.24% per year. An amazing amount, considering lottery players as a whole are net losers each and every day.
The story is similar with competitor GTech Holdings
Both GTech and Scientific Games appear to be healthy and growing companies. GTech has even seen fit to institute a dividend. Yep, Fools, the choice is clear. Next time you're waiting in line to buy that Coke and thinking about playing the lottery, perhaps you might want to invest in your state lottery's supplier instead or even in Coke, which has a pretty dandy long-term record of its own.