Unit 12 Test - Gambling

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1. Seth is convinced that the more he plays the slot machines the greater his chance of winning becomes. What would you tell Seth about his assumption?
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1 point

His assumption is correct only if he plays for a long period of time.

Slots are a random game of chance based on luck, not probabilities.

He is right and the more times he plays, the greater the likelihood of winning.

It depends on the type of slot machine as to whether his assumption is correct.

2. Who has the advantage in gambling operations? *

1 point

no one has the advantage

the customer that is gambling

the house, referring to the casino or Oklahoma Lottery Commission

either the house or the customer, depending on the type of gambling

3. According to americangaming.org, what percentage of American adults visited a casino in 2019? *

1 point

14%

24%

44%

64%

4. According to https://earthweb.com/gambling-statistics/, what percentage of Americans have gambled at least once. *

1 point

25%

45%

65%

85%

5. Marc enjoys going to the casino once or twice a year and visiting with friends. What benefit of gambling is Marc enjoying? *

1 point

taxes

revenue

entertainment

employment

6. Jodie works as a manager at a restaurant in a large casino. How does Jodie benefit from gambling? *

1 point

taxes

revenue

entertainment

employment

7. According to https://www.lottery.ok.gov/who-benefits, the Oklahoma lottery has added over _____ dollars to education. *

1 point

$100,000 (one hundred thousand)

$1,000,000 (one million)

$1,000,000,000 (one billion)

$10,000,000,000 (ten billion)

8. Who is affected by gambling addiction? *

1 point

people with lower incomes

people with underlying problems

people who have extra money to spend

people across the gender, age, and economic spectrum

9. Slot machines and the lottery involve an element of randomness so that the numbers you get one time have absolutely no effect on the numbers you will get the next time.
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1 point

True

False

10. As of July 2022, the odds of winning Powerball are 1 in 292.2 million.
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1 point

True

False

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