Nobody that you know ever wins! Sure there's a winner, but they are usually across the country and one person is swimming in $30 million, $40 million, or $50 million-plus jackpots!
The lottery should be changed to multiple $1 million prizes only. At first, there will be disappointment with the loss of the huge jackpots, so sales will surely decline. However, after a few weeks and months when the lottery is making several new Canadian millionaires every Wednesday and Saturday, you're going to get much closer to that money. Eventually you'll have a co-worker who knows a guy that won one of the $1 million prizes, then one of your Facebook friends will win one of the $1 million prizes, and people will start to realize this has actually become something that they may win in their lifetime. More people start to play, more millionaires made, everyone wins.
Not to mention the trickle-down economic benefit of dozens of new Canadian millionaires, instead of one or two every few weeks.
Shawn Dupuis, CFP, RRC, St. Albert
