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  Beck, 3 Mar 2004 @ 2:15pm

  
  

  Lottery = Cash Advance

  Most credit card issuers treat lottery tickets purchased by credit card like a cash advance, with a transaction fee and interest accrued immediately. Usually there is a minimum amount for the transaction fee, so a person buying $5 in lottery tickets is going to have to pay an additional $5 transaction fee, plus interest.

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    Oliver Wendell Jones, 4 Mar 2004 @ 6:19am

    
    

    Re: Lottery = Cash Advance

    Don't quote me, but I thought that here in Indiana it wasn't even legal to use your credit card to purchase lottery tickets... I could be wrong, though.

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  Three Men In A Boat, 4 Mar 2004 @ 1:38pm

  
  

  Gambling and (lack of) education

  Picking up on your "suckers who don't understand probability" line... I've always thought that, far from making money off gambling, governments should be embarrassed that public education doesn't teach people that this is a bad deal.
  
  I'm in favor of giving incentives for people to sign up for "lottery cards", and then showing the total expenses versus winnings on the tickets they purchase.

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