pplied for a loan, it was found that 65% have credit cards and 20% have four or more credit cards. The average balance for these cards is 2,200 dollars. The NCAA is coming up with solutions to the problem of student and illegal wagering on games. One is to build relationships with law-enforcement officers, professional sports leagues, government officials, and game regulating bodies. The NCAA is also conducting investigations related to violations of NCAA rules. Minnesota University even had Dion Lee and Kevin Pendargast, former NCAA students convicted of illegal wagering, to speak to the student-athletes to try to convince the students of how wrong and harmful gambling can be. Lotteries are another problem type of gambling. Lotteries were created and are now used to raise revenues without having to raise taxes, but instead they displace funds that would have been raised in some other way. For example, a state votes in a lottery to provide more money for schools, but the money is not added to that which is already spent on schools, the lottery money just replaces it. The former school money is used somewhere else. The Georgia lottery can be considered an exception because it awards good academic students college scholarships. This isn’t a totally good thing though. The lottery tickets in poor areas than in upper class neighborhoods. Georgia uses its lottery revenues to give out HOPE scholarships (Helping Outstanding Pupils Educationally). But most of the students who receive this scholarship are from families who have an average income of $13,000 higher than the state average. So in essence, the poor pay for the wealthier students to go to college. What kind of person plays the lottery? One study found that those with no high school diploma spent twice as much on the lottery per month than college graduates. Policy Studies Journal included that people with a low income (less than 10,000) spend eight times mo...
