|
|
Calif. Senate approves higher lottery payouts
California Lottery: Calif. Senate approves higher lottery payouts
The California Senate has approved a bill intended to dedicate a larger percentage of California lottery money to the public.
The bill would return an additional 3 percent of lottery proceeds in prizes or school aid, increasing the level to 87 percent. Less money could go toward administration.
It passed the Senate on a 32-0 vote Monday and now returns to the Assembly, which approved the bill last year but now must agree with amendments made in the other house.
The bill by Democratic Assemblywoman Mary Hayashi of Hayward also gives the California State Lottery Commission more flexibility in dividing the proceeds between winners and schools.
AP
We'd love to see your comments here! Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums.
If you're already a member, you can Log In to post a comment.
9 comments. Last comment 5 months ago by .
Massachusetts United States Member #37842 April 14, 2006 203 Posts Offline |
| Posted: March 23, 2010, 12:08 pm - IP Logged |
|
Of course! The government should get very little of the money as their job is to be the bookie
|
|
|
nashville nc United States Member #82463 November 2, 2009 638 Posts Offline |
| Posted: March 23, 2010, 1:40 pm - IP Logged |
|
i really wish this would come to nc with the messy payouts.....glad someone up the pay.... cali you deserve it... 
at first you don't suceed brush yourself off and try again
|
|
|
New Jersey United States Member #18150 June 28, 2005 15686 Posts Offline |
| Posted: March 23, 2010, 2:51 pm - IP Logged |
|
"The bill would return an additional 3 percent of lottery proceeds in prizes or school aid,"
California Lottery Players won't be making out any better than they were before! A mind once stretched by a new idea never returns to its original dimensions!
|
|
|
CA United States Member #57701 December 23, 2007 587 Posts Offline |
| Posted: March 23, 2010, 3:24 pm - IP Logged |
|
Of course! The government should get very little of the money as their job is to be the bookie Yeah!
Bring on the payouts!!!!!!!
Now if could just talk a bit about Powerball.........................
|
|
|
New Member  Surfers Paradise Australia Member #88795 March 23, 2010 1 Posts Offline |
| Posted: March 24, 2010, 4:43 am - IP Logged |
|
They should reinstate the subscription service. They had a subscription service, but it was discontinued in 1990s, I'm not sure why. However, they would raise additional revenue if the service was restored.
|
|
|
Santa Ana United States Member #71664 February 20, 2009 491 Posts Offline |
| Posted: March 24, 2010, 6:47 pm - IP Logged |
|
The California Senate has approved a bill intended to dedicate a larger percentage of California lottery money to the public.
The bill would return an additional 3 percent of lottery proceeds in prizes or school aid, increasing the level to 87 percent. Less money could go toward administration.
It passed the Senate on a 32-0 vote Monday and now returns to the Assembly, which approved the bill last year but now must agree with amendments made in the other house.
The bill by Democratic Assemblywoman Mary Hayashi of Hayward also gives the California State Lottery Commission more flexibility in dividing the proceeds between winners and schools. This shouldn't have taken a rocket scientist to figure this out!!! I had stated all along that we need higher payouts to attract new players into the Lottery and to keep the existing players. "A Day Late/A Dollar Short" Let's hope it will be worthwhile. 
|
|
|
United States Member #10921 January 23, 2005 914 Posts Offline |
| Posted: March 24, 2010, 10:16 pm - IP Logged |
|
They need to do that here. Would be nice if a Pick-3 win averaged 400 dollars instead of 250. The take out is so high your algorithm needs to be 2x better than Random.
|
|
|
New Member Denver United States Member #88390 March 14, 2010 8 Posts Offline |
| Posted: March 27, 2010, 6:55 am - IP Logged |
|
Actually, another site has an article about this. The law says that of that 87%, at least 50% must be paid in prizes. So the players will make out a LITTLE bit better.
|
|
|
Northern California United States Member #20270 August 9, 2005 145 Posts Offline |
| Posted: March 29, 2010, 11:34 pm - IP Logged |
|
3% won't do much...
87% in prizes or school aid means 13% for admin...they've voluntarily been as low as 14% for over 10 years.
They need to be able to drop the school % to like 25% and admin to 10%. They also need to redefine the definition of a lottery game to the same one used in all the other states. The "all paramutuel" rule on online games (thank you CA Supreme Cout for legislating your own, unique definition of what a lottery game is) costs the state over $100 million per year in education $$$ alone.
34% of CA's "sandwhich shop" is less $$$ for schools than 25% of a McDonalds franchise...
Oh and, professional management (and I mean a THOROUGH housecleaning of every appointed position) is also a necessary component. For almost 20 years, the CA lottery has been a place where good ideas go to die. No staff acountability, poor performance and no vision for the future. Until that changes, we're not going to see the kind of organization that CA deserves.
|
|
|
|