Cites Consumer Awareness
Placing warnings on lottery tickets is a bad gamble, says Jeff Stier, a senior fellow at the Consumer Choice Center and a policy advisor to The Heartland Institute, which publishes Budget & Tax News. Like all forms of gambling, purchases of lottery tickets tend to be recreational, and people realize that, says Stier.
“It’s unfortunate how highly regulated they are, but of course the irony is lottery tickets have a monopoly by the state, and they go to fund the state,” Stier said.
“When you have private sector gambling, they do usually require warnings on them, which is absurd,” Stier said. “People are aware they might lose their money, and they might go back to bet more, and they might lose again.”
There is an irony in the government putting warning labels on a product it sells, says Seton Motley, president of Less Government and a policy advisor to The Heartland Institute.
“The government makes tobacco companies print warnings on tobacco products, so why shouldn’t it meet its own requirements for their own product?” Motley asked. “Preferably, the government would just leave tobacco companies alone. Then they’d have a much stronger argument when protesting this bill.”