Question: Web-based exercise. Most states have a lotto game that offers large prizes for choosing (say) 6 out of 51 numbers. If your state has a lotto game, find out what percentage of the money bet is returned to the bettors in the form of prizes. You should be able to find this information on the Web. What percentage of the money bet is used by the state to pay lottery expenses? What percentage is net revenue to the state? For what purposes does the state use lottery revenue?