How the scratch off lottery changed America

There’s a room where the fates of retail products are decided. Will they make it onto the shelves of the big box stores? Usually the rest of us can’t get inside the room where decisions are made – until now! Today on the show, we pitch the Planet Money game, Sell Me a Sasquatch, ...  Show more

This week’s stop on our world tour - Korea. A country divided into two very different power structures since the end of WWII. Today South Korea is the maker of some of the world’s favorite exports – from Samsung TV’s to BTS. But 75 years ago it was a much different story. How the ...  Show more

Want to get rich quick? You're not alone. Right now, Americans spend over $100 billion, yes billion, every year on lottery tickets. Today on the show, in collaboration with Scratch and Win from WGBH, how the mafia, Sputnik, medical equipment, and the electoral college led to Amer ...  Show more

In May 1974, scratch cards went on sale for the first time in the US State of Massachusetts. Free giveaway and coupon games from stores had been commonplace across the USA during the 1950s and '60s – but players could easily cheat. The mathematician John Koza was hired to make th ...  Show more

Skip Montreux and Dez Morgan report on the economics of lotteries. How important is lottery revenue for governments? Why was the recent Powerball lottery in the US historic? Who gets the most benefit from lotteries? Listen in to learn the answers to these questions and more. Visi ...  Show more

Winning the lottery shouldn’t be a part of your financial plan- but why are we so enthralled by the idea of winning the lottery?! On average, Americans spend over $1,000 every year for the chance to strike it rich. That’s a lot of wasted money that could be going towards literal ...  Show more