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StrategyMay 6, 2026·1 min read
US Treasury Secretary Scott Bessent: Young Americans Should Avoid the Lottery
US Treasury Secretary Scott Bessent has spoken about the importance of financial literacy. He advised against gambling and urged young Americans to refrain from participating in games of chance, including the lottery.
Bessent said that the money spent on lottery tickets could instead be invested, leading to tangible long-term gains. He did not hold back in his criticism of lottery players, saying: 'The best thing you can do is not play the lottery. Then watch it grow,' arguing that money spent on tickets would be better invested for long-term, compounding gains.
His remarks echo recent concerns raised by Berkshire Hathaway President Warren Buffett, considered a living legend in contemporary finance, who also questioned the wisdom of placing trades on sports events or engaging in day trading.
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Argus RivenI've spent years at the tables — cash and tournaments — and just as long shaping poker copy behind the scenes: room reviews, bonus fine print, tournament notes. At PokerInsider I write the way I wish more sites would: clear structure, honest trade-offs, no hype. Whether you're new or already grinding, I care about what the offer actually costs you — rake, variance, and the fine print — and I treat responsible play as part of the job, not a footnote.
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