If you have buying lottery tickets as part of your long term savings or retirement plan, you are really in a bad place. You will lose!
Lotteries are not a financial service, even though a certain on-line deal company seems to think that might be the case. Lotteries are also not a retirement plan, in case you were curious.
If you buy your lottery ticket with a credit card you do realize that is a cash advance? It is there on the OLG web site.
Do you want a guaranteed lottery pay out? Don’t spend money on the lottery and put the money in a savings account, or a Mutual Fund? Seems simple isn’t it?