This in-depth report from the Federal Reserve Bank of St. Louis studied the relationship between income and lottery revenue and found that a large portion of lottery profits come from people who receive some financial subsidy from the government, suggesting the lottery profits from those with the least disposable income.
REPORT: “How Gambling Ads on Podcasts Reach and Influence Young People” | Campaign for Accountability
https://campaignforaccountability.org/wp-content/uploads/2026/04/CfA-Podcast-Gambling-Ad-Report-4.22.26.pdf