Wall Street

Raising Cane’s CEO Wastes $100,000 on Lottery-Ticket Buy

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The Street

By Daniel Kline The chicken chain’s founder had the best of intentions but his gesture sets a terrible financial example for his employees. Lottery tickets cost so little and they promise so much. You’ve heard the phrase “a dollar and a dream.” That idea causes so many people — many who don’t actually have a dollar to spare — to buy lottery tickets in hopes that they might win and change their lives. It’s a fantasy and nothing more. You’re not going to win the lottery and buying tickets is essentially throwing money away. The lottery has essentially operated as a tax on people who can ill af…

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