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CA lottery pulls in 4.8 billion as economy hits hard times

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    Claudia Cowan reports from Los Angeles, California

  • Duration 2:10
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You know during hard economic times many people are hoping -- little luck can turn things around and that's turning into a windfall for the lottery.

California alone pulling in four point eight billion dollars this year in the lottery.

You know there are some concerns that all that money spent on -- game.

And some can hardly afford everyday necessity.

-- -- talent has the latest from Los Angeles morning Claudia.

Good morning Eric that's right in states across the nation lottery sales were riding in 2012.

And according to the experts it has a lot to do with the state of the economy.

Are you gonna walk away -- it let's find out even when times are tough lotteries rake in the dope.

During bad times people want to have hope they wanna have dreams and apparently living at -- streams through the lottery.

Fiscal year 2012 -- lottery sales nationwide jumped 9% over 2011 which -- -- was up 7% from 2010.

We respond by thinking of it is just that a fun diversion on recreational.

Activity a fun way to give flight to our imagination about what we might do we want -- If we won a million dollars.

And -- see it as a way to supplement lost tax revenue.

No one.

In California which has the nation's third highest unemployment rate lottery sales are up 20%.

-- -- -- -- And Rhode Island gamblers dumped 7% more into Lotto ticket in 2012 even as the State's jobless rate climbed to number two.

So why the trend when we know the odds aren't in our favor your about a hundred times more likely to die from a flesh eating virus is still there -- no chance of winning if you don't play -- it's that hope of instant wealth that keeps people coming back for more.

Even though some experts caution against it.

Best thing to do is hang onto your dollar instead of buying a lottery ticket.

But financial advisors will tell you they don't have anything against the lottery -- say they just suggest looking out -- -- -- recreational expense.

Not an investment strategy.

Console to play Havoc yeah I guess subway you know the -- bet with your -- not over it's but just keep right that's probably did.

Don't love my body thanks not as an invest.

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