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N.C. lottery turns record profits for state

North Carolina LotteryNorth Carolina Lottery: N.C. lottery turns record profits for state
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Economic times on Wall Street are tough these days, but not so for the North Carolina Lottery.

North Carolina's lottery has made its largest transfer of money to state education programs in the game's 2½-year history.

The North Carolina Education Lottery said it sent $99.8 million to a dedicated state fund Wednesday morning.  The money is used for class-size reduction and pre-kindergarten initiatives, public school construction and college scholarships.

The lottery began selling tickets in March 2006 and has generated to date $825 million for these programs.

Lottery executive director Tom Shaheen said Wednesday the lottery is still on pace to give $385 million in profits to the state for the fiscal year ending next June 30.

AP

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14 comments. Last comment 6 years ago by sixstringernc.
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Thomasville
United States
Member #56104
November 2, 2007
452 Posts
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Posted: October 22, 2008, 11:14 pm - IP Logged

Hell no wonder they can turn a profit, they come up with some crazy numbers so no one can hit : = }

008 only 438 people had it out the entire state, yea they made a profit today!

    jasonNC's avatar - mask
    Some Where Out There
    United States
    Member #66336
    October 22, 2008
    198 Posts
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    Posted: October 23, 2008, 12:29 am - IP Logged

    I see how they made a record profit, look at how many people win on there game, they have one the lowest payouts around. It don't take a rocket scientist to figure out what's they're doing, just add up the amount of people that hit with the payout amount, and you'll be able to see that they system is rigid. Honestly they know what we play, and then make sure that number don't come out, that's why there's no one in NC can hit big. Don't take my advice just start adding the numbers yourself.

     

    Example 827 people hit for a total of $63,790

    so let's say a half of 827 hit straight, so, 413 x 500 = 206,500 well over the payout

    so let's say half of the 413 hit it straight, so 211 x 500 = 105,500, still well over there payout

    so let say half of the 211 hit it straight, so 105 x 500 = 52,500 so you have 11,290 left, so that mean you have 722 tickets left. So let say those tickets are only for $40 , that is 722 x 40 = 28,880. Now 28880 + 52,500 = 81,380, still over the payout amount, anyway I hope you get me drift, NC lottery is rigged to limit a very small payout, basically they know what's been played, they have 15 minutes to check the numbers and select what numbers they want to come, to pay out the lowest amount.

    So now I know you're like how can they do that, simple the drawing are at 3pm and 11:22pm that gives the plenty of time to take the lowest values put only that ball in each machine, you notice that you never see all the numbers on the balls, they always show you a far away view, and then they show only the top view of the picks, Pay attention to the drawings, you will never see the balls from 0 to 9 go in the machines you'll only get to see what comes out. I know some of you don't think it possible, but that's what's going on, like I said earlier start counting the payouts, why do we have more people here in NC than Georgia, Virginia or SC but have the lowest payout. Why is it that millions play daily but only 400, people hit and sometimes lower. That's only 4 people per county. I've been studying them for awhile now, and I'm just bringing this to your attention. We're not stupid, why you think there's certain numbers that never come out, because they know there's a big wager on that number. NC LOTTERY IS A SCAM, IF SOMEONE THINK IT'S NOT, TELL THEM TO SHOW US THE BALLS AS THEY GO INTO THE MACHINES, AND LET'S SEE THE NUMBERS OURSELF, IT WANT TAKE LONG SO IF YOU'RE MAKING MILLIONS ON LOTTERY I'M SURE PAYING A HUNDRED DOLLARS FOR 5 MORE MINUTES OF AIR TIME WANT HURT THERE POCKETS.

    GOOD LUCK EVERYONE BUT PAY CLOSE ATTENTION, YOU'LL BEGIN TO SEE THE FLAWS, WITH THAT ALL SAID PLAY SAFE.

      DrannyMa7's avatar - chocolate
      Charlotte
      United States
      Member #58507
      February 17, 2008
      619 Posts
      Offline
      Posted: October 23, 2008, 9:14 am - IP Logged

      I see how they made a record profit, look at how many people win on there game, they have one the lowest payouts around. It don't take a rocket scientist to figure out what's they're doing, just add up the amount of people that hit with the payout amount, and you'll be able to see that they system is rigid. Honestly they know what we play, and then make sure that number don't come out, that's why there's no one in NC can hit big. Don't take my advice just start adding the numbers yourself.

       

      Example 827 people hit for a total of $63,790

      so let's say a half of 827 hit straight, so, 413 x 500 = 206,500 well over the payout

      so let's say half of the 413 hit it straight, so 211 x 500 = 105,500, still well over there payout

      so let say half of the 211 hit it straight, so 105 x 500 = 52,500 so you have 11,290 left, so that mean you have 722 tickets left. So let say those tickets are only for $40 , that is 722 x 40 = 28,880. Now 28880 + 52,500 = 81,380, still over the payout amount, anyway I hope you get me drift, NC lottery is rigged to limit a very small payout, basically they know what's been played, they have 15 minutes to check the numbers and select what numbers they want to come, to pay out the lowest amount.

      So now I know you're like how can they do that, simple the drawing are at 3pm and 11:22pm that gives the plenty of time to take the lowest values put only that ball in each machine, you notice that you never see all the numbers on the balls, they always show you a far away view, and then they show only the top view of the picks, Pay attention to the drawings, you will never see the balls from 0 to 9 go in the machines you'll only get to see what comes out. I know some of you don't think it possible, but that's what's going on, like I said earlier start counting the payouts, why do we have more people here in NC than Georgia, Virginia or SC but have the lowest payout. Why is it that millions play daily but only 400, people hit and sometimes lower. That's only 4 people per county. I've been studying them for awhile now, and I'm just bringing this to your attention. We're not stupid, why you think there's certain numbers that never come out, because they know there's a big wager on that number. NC LOTTERY IS A SCAM, IF SOMEONE THINK IT'S NOT, TELL THEM TO SHOW US THE BALLS AS THEY GO INTO THE MACHINES, AND LET'S SEE THE NUMBERS OURSELF, IT WANT TAKE LONG SO IF YOU'RE MAKING MILLIONS ON LOTTERY I'M SURE PAYING A HUNDRED DOLLARS FOR 5 MORE MINUTES OF AIR TIME WANT HURT THERE POCKETS.

      GOOD LUCK EVERYONE BUT PAY CLOSE ATTENTION, YOU'LL BEGIN TO SEE THE FLAWS, WITH THAT ALL SAID PLAY SAFE.

      My daughter pointed out this same theory to me a couple of months ago. You probably have a valid point jasonNC.

        JordanT1021's avatar - Lottery-046.jpg
        North Carolina
        United States
        Member #53121
        June 24, 2007
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        Posted: October 23, 2008, 9:40 am - IP Logged

        I do agree on the amount of money earned compared to how much ncel actually pays out to pick 3 games and other tickets... on www.wral.com it shows how much each county has won in pick 3 games compared to other counties. guilford county the one I live in is one of the highest compared to the raliegh county or charlotte county...

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          JordanT1021's avatar - Lottery-046.jpg
          North Carolina
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          Member #53121
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          Posted: October 23, 2008, 9:41 am - IP Logged

          I am off by one stinking number 90% of the time. it does make me wonder how many people were playing what number I was playing...

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            greensboro,nc
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            October 22, 2008
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            Posted: October 23, 2008, 5:37 pm - IP Logged

            north carolina is not paying out very much

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              October 24, 2008
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              Posted: October 24, 2008, 9:07 am - IP Logged

              True, I live in NC, and all the state games have some of the worst payout rates in the country.  You are better off just playing the national Powerball, at least then you are with everyone else in a Powerball state.

              Speaking of which, in trying to decide between annuity and cash option, has anyone run the numbers to see the better choice?  My last attempt at an analysis using the $52 million jackpot as an example, they seem to be getting about a 5% return on the $25.5 million invested in an annuity in order to pay out $52 million to you over 30 years.

              When I tried to figure out the return you'd have to get to match that in the 'cash option' scenario, I started with a figure of $14.79 million, which is the $25.5 million less all the taxes you'd probably end up owing if you took all the money at once.  The site shows an after tax figure about $2.5 million higher (for NC residents), but that is only accounting for the 28% withholding figure, and realistically you'd probably have another 10% higher tax bill, since the top tax rate is well over 28%.

              So in my calculations, starting with a much lower amount than the state (due to the taxes), I anticipate I would need to get about an 11% return just to basically match the figures in the annuity.  Does anyone end up with similar numbers?   11% would be very difficult to hit without taking a fair amount of risk, and it seems like if you are going to shoulder the risk you should do better than the annuity by a lot.  Anyone agree, disagree?  I also don't think spending your days trying to figure out how much more money you can earn would be the point either, wouldn't the point be to enjoy the freedom from financial worries, issues and pressures?

                JordanT1021's avatar - Lottery-046.jpg
                North Carolina
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                June 24, 2007
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                Posted: October 24, 2008, 9:11 am - IP Logged

                True, I live in NC, and all the state games have some of the worst payout rates in the country.  You are better off just playing the national Powerball, at least then you are with everyone else in a Powerball state.

                Speaking of which, in trying to decide between annuity and cash option, has anyone run the numbers to see the better choice?  My last attempt at an analysis using the $52 million jackpot as an example, they seem to be getting about a 5% return on the $25.5 million invested in an annuity in order to pay out $52 million to you over 30 years.

                When I tried to figure out the return you'd have to get to match that in the 'cash option' scenario, I started with a figure of $14.79 million, which is the $25.5 million less all the taxes you'd probably end up owing if you took all the money at once.  The site shows an after tax figure about $2.5 million higher (for NC residents), but that is only accounting for the 28% withholding figure, and realistically you'd probably have another 10% higher tax bill, since the top tax rate is well over 28%.

                So in my calculations, starting with a much lower amount than the state (due to the taxes), I anticipate I would need to get about an 11% return just to basically match the figures in the annuity.  Does anyone end up with similar numbers?   11% would be very difficult to hit without taking a fair amount of risk, and it seems like if you are going to shoulder the risk you should do better than the annuity by a lot.  Anyone agree, disagree?  I also don't think spending your days trying to figure out how much more money you can earn would be the point either, wouldn't the point be to enjoy the freedom from financial worries, issues and pressures?

                In today's market and economy I would take the 30 years of payments. If I invested everything and I lost it I would be sick. NOw having someting come in every year would promise me something. Even If I lost my job for a little bit or had no job at all, I would have enough money from the 30 years of payments to live off the bacis...

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                  Abdi's avatar - Lottery-008.jpg
                  Nairobi
                  Kenya
                  Member #64806
                  September 8, 2008
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                  Posted: October 26, 2008, 1:45 am - IP Logged

                  What an Excellent profit,may be they could also extend cash gifts to Churches and other institutions

                  I Agree!

                  There are no born heroes or winners........it takes a hammer a chisel,a vision and a will to suffer the blows and be carved into one!..........

                    Tenaj's avatar - michellea
                    Charlotte NC
                    United States
                    Member #17406
                    June 18, 2005
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                    Posted: October 26, 2008, 9:47 am - IP Logged

                    Some people might disagree but I think that it's the pre-test draws that throw off the numbers in NC pick 3.  They have too many draws before the actually number and then after the actual draw they do another pre-test draw.  So there's 3 draws before the actual draw, the 4th is the actual draw and then they do one after.  5 draws a day. 

                    I don't know how how other states do their pre-tests but something doesn't seem right about how it's done in NC.  And I like to see them turn the machine on and not already have it going during the broadcast.  Something was wrong about that from the beginning.  The announcer will be in the foreground and then all of a sudden they were behind the machine.

                    It would be interesting to compare NC's pre-test draw method to other states.  Three before and one after seems a bit much to me.  I know I'm good with the numbers and it's not a brag, but something truely is wrong with NC pick 3 drawings.

                    You can e-mail them and request the previous pre-test draws.  Just specify the dates.  You'll see all the numbers that you played were drawn for the pre-test.

                    takeemtothebank

                      ThatScaryChick's avatar - AbnSTiA

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                      Posted: October 26, 2008, 2:00 pm - IP Logged

                      north carolina is not paying out very much

                      Neither is Idaho. The amount of people who actually win is very, very low. I'm guessing the pick 3 isn't as popular here as it is in NC, but we get very few wins.

                      "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

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                        Raleigh, NC
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                        October 28, 2008
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                        Posted: October 28, 2008, 12:33 pm - IP Logged

                        The NC Lottery is paying out more in prizes, which is why their sales are up and their return to education. You can ask the NC Lottery how much they have paid out in prizes and see for yourself. They are on a government fiscal year so if you look at how much they have paid in prizes the first three months of this year and compare to the same time last year you will see this--- Prizes paid July-Sept 2007 = $116 million and July-Sept 2008 = $178 million

                        Obviously not everybody can win, but do the simple math and it shows a lot more people have been winning.

                        If you don't read the newspaper, you are uninformed; if you do read the newspaper, you are misinformed. ~Mark Twain

                          dk1421's avatar - Lottery-024.jpg
                          North Carolina
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                          Member #64582
                          September 1, 2008
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                          Posted: October 29, 2008, 12:01 am - IP Logged

                          Personally, with how everything is going, I'd be afraid to do the 30-year payment system. I'd fear that the state would evenually stop payments if they really needed the money. Yes, it's illegal, but really - who is going to support you? Most people would say "just be happy with what you've gotten so far", not realizing you've had plans for that money.

                          On the other hand, in this market, you would lose money if you had invested it earlier in the year. However, now is a good time to invest with stocks being so far down.

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                            New Member

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                            October 24, 2008
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                            Posted: October 29, 2008, 8:45 am - IP Logged

                            Personally, with how everything is going, I'd be afraid to do the 30-year payment system. I'd fear that the state would evenually stop payments if they really needed the money. Yes, it's illegal, but really - who is going to support you? Most people would say "just be happy with what you've gotten so far", not realizing you've had plans for that money.

                            On the other hand, in this market, you would lose money if you had invested it earlier in the year. However, now is a good time to invest with stocks being so far down.

                            Except that you don't receive payments from the state.  The state is required by law to take the Cash amount of the jackpot, and purchase (buy) the annuity.  The state is no longer in possession of the money.