An idea: Maybe some insurance company, or group of insurance companies, could create a voluntary income-protection program tied to state lotteries.
Jane Doe could register for, say, the California Lottery Loyalty Program through the Web.
Maybe, for Jane Doe, the main point of registration would be to ensure that the lottery runners can track her down when she wins the lottery, which is sure to happen any day now, because her astrologer gave her great advice about lottery participation strategy.
Doe would then pay a little extra for each lottery ticket, and California would give her a little electronic loyal lottery victim rebate. The cash would flow into a fund that would pay off if Doe ever became disabled. Or maybe Doe could pick from a menu of financial services providers and allocate the extra money to flow to the provider of her choice.
The thought came to me this morning, while I was watching people lining up to buy tickets for the $550 million Powerball jackpot at my local deli.
I don’t really know how that works. I think I once bought a lottery ticket, but I can’t remember that very clearly. Maybe I didn’t.
Anyhow: Anyone with any financial sophistication knows a lottery is just a fun scam that a state or other government agency uses to generate a little extra revenue for a politically favored agency. Plus a little extra revenue for friendly ad agencies, PR agencies, convenience store chains, and whatever media organizations end up getting lottery-related ad money.