Kentucky is the original home of the Kentucky Wildcats, homemade moonshine, and since 1992 the KY Powerball. While most opponents of a lottery point to a lottery’s corruptive nature or moral Christian beliefs as their, this article will choose to use an approach based more on economic principles. Considering the transfer power that a lottery has on wealth, should the Commonwealth of Kentucky continue to maintain lottery games like the KY Powerball and Mega Millions? Before that question can be answered though, a serious look at the good that the lottery has done for the Commonwealth is appropriate.
Since Kentucky enacted a lottery in 1989, lottery games like the KY Powerball have contributed a staggering $3.5 billion to the Commonwealth’s treasury. More specifically, early in the 90s, the Kentucky lotteries were legislatively mandated to set aside.