Americans spend $70 billion a year on the lottery, but in general, they struggle to put away money into savings. Sixty percent of people don't have $500 on hand for emergencies. A University of Colorado alumna is trying to change that with an app that rewards savers by letting them play no-risk lottery games. The app is Long Game, and creator Lindsay Holden tells Colorado Matters it has drawn 70,000 users and more than $6 million in venture capital in the last year. Holden says the idea is to draw millennials -- who tend to like online games -- into the habit of saving.
More Likely To Play The Lottery Than Save Money? There's An App For That
About Michelle P. Fulcher
Michelle Fulcher is a producer for Colorado Matters, which airs on CPR News. She has reported at a Denver business weekly, at the Colorado Springs Gazette and The Denver Post where she served as a state and local government reporter, an assigning editor, city editor and national/international editor.
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