Welcome Guest
Log In | Register )
You last visited December 21, 2014, 5:36 am
All times shown are
Eastern Time (GMT-5:00)

Lotteries hit record profits last year

Insider BuzzInsider Buzz: Lotteries hit record profits last year
52
Rating:

Lottery sales are strong, but there are points of weakness

By Todd Northrop

Government-sponsored lotteries are continuing their broad expansion as income-producing entities, as many lotteries reported record profits in the last fiscal year.

Reports of record profits from the lotteries come despite continuing high unemployment and an economy that has been flat or downward-trending for the past two years.

Iowa Lottery CEO Terry Rich says he believes the lottery does well in a bad economy because it is a local product and he says it's inexpensive, as "you're able for a couple of bucks to dream about what might be."

This past fiscal year the Iowa Lottery turned over a $68 million for the state, with over $271 million in sales. Both numbers are records for the state, since it began in 1985.

But it's not only the state government that benefited. Rich says lottery players took home $159 million in prizes, an increase of 5.6% over last year.

In Pennsylvania, more people are purchasing lottery tickets than ever, as Lottery officials announced that sales for the year were $3.2 billion, up $142.2 million from last fiscal year and $118.7 million higher than the previous all-time record set in four years ago.

The Pennsylvania Lottery expanded its retailer base by more than 500 locations last year, ending the year with more than 9,000 retailers, said Drew Svitko, interim executive director for the Pennsylvania Lottery.

Unlike all other Unites States lotteries, Pennsylvania funnels all profits raised from the lottery toward seniors, for projects like senior centers, rent rebates, and other social, educational, and recreational programs and services.

Records were also smashed in Idaho this year, with $37 million in profits turned over to the state — the most since the Idaho Lottery started in 1989.

Idaho Gov. C. L. "Butch" Otter welcomed the payout, saying every dollar that the lottery contributes is a dollar that doesn't have to come from taxpayers.

Proceeds of the Idaho Lottery are split evenly between the state Department of Education's public school building account and the state building fund, but three years ago lawmakers enacted a five-year shift that also sends a portion of the proceeds to a fund that helps match school bond payments.

Profits generated by the Kansas Lottery were a record $104 million this year, with $70 million coming from lottery products and $34 million from various state-owned casinos.

However, the sales for the past year were $232.4 million — down more than 1% from last year's total.

"The lottery has accomplished this primarily through operational efficiencies, and we will be looking at further ways to reduce expenditures in fiscal year 2012," explained Kansas Lottery executive director Dennis Wilson.

In Delaware, the lottery set a new profit record during the past fiscal year, with a contribution of $287 million to the State General Fund.  This amount represents an $11.5 million, or 4% increase over the previous fiscal year.

Delaware Lottery Director Wayne Lemons said that the state's record profits are largely due to "sound business practices" and technology improvements.

"This year's success is due not only to the addition of new games, but also to the State's investment in the human resources and technology required to effectively manage those new products," Lemons said.

The Delaware Lottery contributes its profits to state's General Fund — the pool of dollars that finances the majority of state services in Delaware in such areas as education, public safety and protecting the environment.

"Sales and profits from traditional ticket games increased over last year, which has certainly represented a major source of income for the State since the 1970s," added Lemons. "The introduction of ticket games like Delaware Cash 5, and the implementation of table games and sports lottery games at the three horse racing facilities this year were instrumental in maximizing our contribution to the General Fund while also delivering a variety of fun, new games to our players."

But not all lotteries hit the jackpot

Despite the many success stories in the lottery industry this past year, not all lotteries did quite so well.

Profits from the Arkansas lottery came in almost $11 million short of projections, prompting commissioners who oversee the venture to call for the director to increase profits and decrease costs.

Arkansas lottery director Ernie Passailaigue last week revised the profit projection for fiscal year 2011 to $98 million, down from $105 million projected at the start of the year.

"It was kind of a shock to all of us," Commissioner Steve Faris said after the meeting.

Although the Arkansas Lottery nailed the annual revenue projection of $465 million, the lottery's reliance upon scratch games for the vast percentage of its revenues caused an overrun in costs.  Scratch tickets have higher costs and require a greater payout to keep players interested, Passailaigue said.

"I think we need to come up with an aggressive program," Pickard said, suggesting Passailaigue look at other state lotteries for ideas.

Passailaigue said the most important thing the lottery can do over the next year is to increase its marketing efforts.

The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30.  The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month.

Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5.  He's also trying to add Arkansas to an international lotto game.

In New York, the state lottery is fighting to keep its in-state games competitive with its multi-state offerings.

Sales for the multi-state Mega Millions and Powerball lottery games soared 21 percent and 14 percent, respectively, in the first six months of the year compared to the same period in 2010, according to the state Lottery Division.  Sales are up $60 million for the two games.

But the fortunes for Lotto, launched in 1978, and Sweet Million, started in 2009, have been poor.  Sales for Lotto are down $11.5 million, or 15 percent, between January and June as compared with the same period last year, while Sweet Million is down $5.4 million, or 21 percent.

Lottery Director Gordon Medenica said traditional lottery games aren't as appealing to players as they once were because of the lower prize payouts.  Also, the lottery has scaled back its promotions of the games due to the drop off in sales.

"I think players over time have come to realize that the winning experience isn't as rich in Lotto as it is in Mega (Millions), Powerball or any of other draw games," he said.

Still, despite the poor economy, all lottery sales and revenue from video-lottery terminals at racetracks were up nearly 3 percent so far this year compared to 2010, an increase of nearly $115 million, or 0.6 percent.

For the last fiscal year, which ended March 31, the lottery said it generated $3 billion in profit from $7.9 billion in sales.

New York's video-gaming facilities at eight racetracks continue to grow, records show.  Revenue was up 8 percent so far this year, and some facilities that had struggled are showing improvement.

Lucy Dadayan, a senior policy analyst at the Rockefeller Institute, said while lottery sales nationally have improved, they could dip again if the economy continues to struggle.

"If we look historically, the growth over time has slowed down dramatically," she said.

At Canada's Atlantic Lottery Corp., even though gross revenues from ticket sales increased, the revenues it generated for the four Atlantic provinces went down.  Higher technology and pension costs led to the diminished profit level.

Company officials explained that a $26.5 million increase in operating expenses from the previous year were incurred as a result of the outsourcing of the company's technology staff, as well as higher employee pension costs due to poor performance of the financial markets.

In total, the four Atlantic Lottery provinces saw a drop of $18 million in revenue from the previous year.

The Atlantic Lottery is jointly owned by the provinces Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island.  The profits contributed to Nova Scotia are the lowest in six years, according to the lottery's annual report.

The declining revenues for the provinces comes as Atlantic Lottery reported gross ticket sales of $646.4 million in 2010-11, an increase of $54.1 million over the previous year.

David Wilson, the Nova Scotia cabinet minister responsible for gaming, said he wasn't concerned by the drop in income.

"We're not alarmed by that," he said. "There has been some initial cost ... that will result in savings over the next couple of years."

Lottery Post Staff

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.

13 comments. Last comment 3 years ago by rdgrnr.
Page 1 of 1
rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
United States
Member #73904
April 28, 2009
14903 Posts
Offline
Posted: July 25, 2011, 3:31 pm - IP Logged

"The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30.  The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month."

"Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5.  He's also trying to add Arkansas to an international lotto game."

 

I like the talk coming out of Arkansas.

Change in Decades of Dollars would be good.

I like the idea of a monthly raffle with 50% payout.

I like the idea of a national premium numbers game. (Do it on Mondays and Thursdays!)

I like the idea of states getting into international lotto games.

The one thing I would like but don't see would be a $1.00 national game with a lot more million dollar winners instead of the humongous mega jackpots. 


                                             
                     
                                         

 

 

 

 

                                                                                                   

"The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                            --Edmund Burke

 

 

    cbr$'s avatar - maren
    Cordova,Al.
    United States
    Member #104485
    January 15, 2011
    632 Posts
    Offline
    Posted: July 25, 2011, 4:04 pm - IP Logged

    Lottery sales are strong, but there are points of weakness

    By Todd Northrop

    Government-sponsored lotteries are continuing their broad expansion as income-producing entities, as many lotteries reported record profits in the last fiscal year.

    Reports of record profits from the lotteries come despite continuing high unemployment and an economy that has been flat or downward-trending for the past two years.

    Iowa Lottery CEO Terry Rich says he believes the lottery does well in a bad economy because it is a local product and he says it's inexpensive, as "you're able for a couple of bucks to dream about what might be."

    This past fiscal year the Iowa Lottery turned over a $68 million for the state, with over $271 million in sales. Both numbers are records for the state, since it began in 1985.

    But it's not only the state government that benefited. Rich says lottery players took home $159 million in prizes, an increase of 5.6% over last year.

    In Pennsylvania, more people are purchasing lottery tickets than ever, as Lottery officials announced that sales for the year were $3.2 billion, up $142.2 million from last fiscal year and $118.7 million higher than the previous all-time record set in four years ago.

    The Pennsylvania Lottery expanded its retailer base by more than 500 locations last year, ending the year with more than 9,000 retailers, said Drew Svitko, interim executive director for the Pennsylvania Lottery.

    Unlike all other Unites States lotteries, Pennsylvania funnels all profits raised from the lottery toward seniors, for projects like senior centers, rent rebates, and other social, educational, and recreational programs and services.

    Records were also smashed in Idaho this year, with $37 million in profits turned over to the state — the most since the Idaho Lottery started in 1989.

    Idaho Gov. C. L. "Butch" Otter welcomed the payout, saying every dollar that the lottery contributes is a dollar that doesn't have to come from taxpayers.

    Proceeds of the Idaho Lottery are split evenly between the state Department of Education's public school building account and the state building fund, but three years ago lawmakers enacted a five-year shift that also sends a portion of the proceeds to a fund that helps match school bond payments.

    Profits generated by the Kansas Lottery were a record $104 million this year, with $70 million coming from lottery products and $34 million from various state-owned casinos.

    However, the sales for the past year were $232.4 million — down more than 1% from last year's total.

    "The lottery has accomplished this primarily through operational efficiencies, and we will be looking at further ways to reduce expenditures in fiscal year 2012," explained Kansas Lottery executive director Dennis Wilson.

    In Delaware, the lottery set a new profit record during the past fiscal year, with a contribution of $287 million to the State General Fund.  This amount represents an $11.5 million, or 4% increase over the previous fiscal year.

    Delaware Lottery Director Wayne Lemons said that the state's record profits are largely due to "sound business practices" and technology improvements.

    "This year's success is due not only to the addition of new games, but also to the State's investment in the human resources and technology required to effectively manage those new products," Lemons said.

    The Delaware Lottery contributes its profits to state's General Fund — the pool of dollars that finances the majority of state services in Delaware in such areas as education, public safety and protecting the environment.

    "Sales and profits from traditional ticket games increased over last year, which has certainly represented a major source of income for the State since the 1970s," added Lemons. "The introduction of ticket games like Delaware Cash 5, and the implementation of table games and sports lottery games at the three horse racing facilities this year were instrumental in maximizing our contribution to the General Fund while also delivering a variety of fun, new games to our players."

    But not all lotteries hit the jackpot

    Despite the many success stories in the lottery industry this past year, not all lotteries did quite so well.

    Profits from the Arkansas lottery came in almost $11 million short of projections, prompting commissioners who oversee the venture to call for the director to increase profits and decrease costs.

    Arkansas lottery director Ernie Passailaigue last week revised the profit projection for fiscal year 2011 to $98 million, down from $105 million projected at the start of the year.

    "It was kind of a shock to all of us," Commissioner Steve Faris said after the meeting.

    Although the Arkansas Lottery nailed the annual revenue projection of $465 million, the lottery's reliance upon scratch games for the vast percentage of its revenues caused an overrun in costs.  Scratch tickets have higher costs and require a greater payout to keep players interested, Passailaigue said.

    "I think we need to come up with an aggressive program," Pickard said, suggesting Passailaigue look at other state lotteries for ideas.

    Passailaigue said the most important thing the lottery can do over the next year is to increase its marketing efforts.

    The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30.  The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month.

    Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5.  He's also trying to add Arkansas to an international lotto game.

    In New York, the state lottery is fighting to keep its in-state games competitive with its multi-state offerings.

    Sales for the multi-state Mega Millions and Powerball lottery games soared 21 percent and 14 percent, respectively, in the first six months of the year compared to the same period in 2010, according to the state Lottery Division.  Sales are up $60 million for the two games.

    But the fortunes for Lotto, launched in 1978, and Sweet Million, started in 2009, have been poor.  Sales for Lotto are down $11.5 million, or 15 percent, between January and June as compared with the same period last year, while Sweet Million is down $5.4 million, or 21 percent.

    Lottery Director Gordon Medenica said traditional lottery games aren't as appealing to players as they once were because of the lower prize payouts.  Also, the lottery has scaled back its promotions of the games due to the drop off in sales.

    "I think players over time have come to realize that the winning experience isn't as rich in Lotto as it is in Mega (Millions), Powerball or any of other draw games," he said.

    Still, despite the poor economy, all lottery sales and revenue from video-lottery terminals at racetracks were up nearly 3 percent so far this year compared to 2010, an increase of nearly $115 million, or 0.6 percent.

    For the last fiscal year, which ended March 31, the lottery said it generated $3 billion in profit from $7.9 billion in sales.

    New York's video-gaming facilities at eight racetracks continue to grow, records show.  Revenue was up 8 percent so far this year, and some facilities that had struggled are showing improvement.

    Lucy Dadayan, a senior policy analyst at the Rockefeller Institute, said while lottery sales nationally have improved, they could dip again if the economy continues to struggle.

    "If we look historically, the growth over time has slowed down dramatically," she said.

    At Canada's Atlantic Lottery Corp., even though gross revenues from ticket sales increased, the revenues it generated for the four Atlantic provinces went down.  Higher technology and pension costs led to the diminished profit level.

    Company officials explained that a $26.5 million increase in operating expenses from the previous year were incurred as a result of the outsourcing of the company's technology staff, as well as higher employee pension costs due to poor performance of the financial markets.

    In total, the four Atlantic Lottery provinces saw a drop of $18 million in revenue from the previous year.

    The Atlantic Lottery is jointly owned by the provinces Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island.  The profits contributed to Nova Scotia are the lowest in six years, according to the lottery's annual report.

    The declining revenues for the provinces comes as Atlantic Lottery reported gross ticket sales of $646.4 million in 2010-11, an increase of $54.1 million over the previous year.

    David Wilson, the Nova Scotia cabinet minister responsible for gaming, said he wasn't concerned by the drop in income.

    "We're not alarmed by that," he said. "There has been some initial cost ... that will result in savings over the next couple of years."

    US FlagMost of the lottery who want to dump games that use to work in the past that according to them are no longer as    appealing to the public could simply revise the old game- a extra ball or a multiplier for a extra dollar to the players that should add to it pay-out give it more appeal then repromoted it ex.new decade of dollar plus and keep the revenue in their state vs mega appeal/ 7states share the revenue/ who says how the money is sliced then/ would it still be use for the same purposes/ the more money gotten the bigger the opportuniy to chance the purpose./education/penion fund for teacher better supply for the school/ there is no guarantee more will be put in these original purpose areas if they go mega appeal /they could give actual player a 4- question survey on like and dislike on a game they already think they want to chance give out a code for free ticket if they do.complete/they're going to a marketing company to get a idea why not go to the players

      maringoman's avatar - kobold
      Massachusetts
      United States
      Member #37433
      April 14, 2006
      2204 Posts
      Offline
      Posted: July 25, 2011, 4:32 pm - IP Logged

      The Massachusetts lottery is the most efficient in parting gamblers with their money. They have so many scratch tickets that promise you $1,000,000 that even non gamblers have a hard time resisting. I only play regularly.

      On average, MA residents spend $750 a year gambling Shocked  but its all good, we gots to gamble as we wait for Jesus or the end of the world.

      It's a futile effort.

        dpoly1's avatar - driver
        PA
        United States
        Member #66141
        October 16, 2008
        1460 Posts
        Offline
        Posted: July 25, 2011, 5:45 pm - IP Logged

        I would like to be able to purchase international lotteries at my local lottery vendor!

        Dance

        or maybe a national tax free lottery with big jackpots !!!!!!!!!!

          sully16's avatar - sharan
          Listens to the wind
          Michigan
          United States
          Member #81740
          October 28, 2009
          20613 Posts
          Offline
          Posted: July 25, 2011, 5:46 pm - IP Logged

          "The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30.  The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month."

          "Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5.  He's also trying to add Arkansas to an international lotto game."

           

          I like the talk coming out of Arkansas.

          Change in Decades of Dollars would be good.

          I like the idea of a monthly raffle with 50% payout.

          I like the idea of a national premium numbers game. (Do it on Mondays and Thursdays!)

          I like the idea of states getting into international lotto games.

          The one thing I would like but don't see would be a $1.00 national game with a lot more million dollar winners instead of the humongous mega jackpots. 

          I like the idea of better odds of winning a million, I think it would be nice to see more weekly winners.

          There's only one US Flag

            Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
            Little Rock, AR
            United States
            Member #68365
            December 19, 2008
            232 Posts
            Offline
            Posted: July 25, 2011, 8:27 pm - IP Logged

            I hope they change Decades Of Dollars. Right now I don't think anyone is going to win the top prize.

              JADELottery's avatar - EyePhnoeyReality6
              The Quantum Master
              West Concord, MN
              United States
              Member #21
              December 7, 2001
              2823 Posts
              Offline
              Posted: July 26, 2011, 11:22 am - IP Logged

              So that's why I couldn't win anything.

              Presented 'AS IS' and for Entertainment Purposes Only.
              Any gain or loss is your responsibility.
              Use at your own risk.

              Order is a Subset of Chaos.
              Knowledge is Beyond Belief.
              Wisdom is Not Censored.

              The Name Anagram
              name - Douglas Paul Smallish
              amen - US God plus Islam Allah
              mean - Jehocifer

              JADE Quintrains
              JADE at planet.infowars.com

                ressuccess's avatar - WhiteShyGuy

                United States
                Member #93166
                June 23, 2010
                835 Posts
                Offline
                Posted: July 26, 2011, 12:59 pm - IP Logged

                Why did they set a record?

                  Avatar
                  Kentucky
                  United States
                  Member #32652
                  February 14, 2006
                  5651 Posts
                  Offline
                  Posted: July 26, 2011, 4:55 pm - IP Logged

                  "The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30.  The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month."

                  "Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5.  He's also trying to add Arkansas to an international lotto game."

                   

                  I like the talk coming out of Arkansas.

                  Change in Decades of Dollars would be good.

                  I like the idea of a monthly raffle with 50% payout.

                  I like the idea of a national premium numbers game. (Do it on Mondays and Thursdays!)

                  I like the idea of states getting into international lotto games.

                  The one thing I would like but don't see would be a $1.00 national game with a lot more million dollar winners instead of the humongous mega jackpots. 

                  "The one thing I would like but don't see would be a $1.00 national game with a lot more million dollar winners instead of the humongous mega jackpots

                  A few years ago the Ohio Lotto game was averaging 3 jackpot winners and one drawing had I believe 14 players splitting the jackpot. A National game could produce multiple million dollar winners if they created a point where the jackpot must be paid and if there are no jackpot winners; the top prize would be distributed to the secondary prizes.

                  Might make for an interesting discussion of how a jackpot game could produce multiple millionaires.

                    eddessaknight's avatar - nw paladin.jpg
                    LAS VEGAS
                    United States
                    Member #47729
                    November 22, 2006
                    3105 Posts
                    Offline
                    Posted: July 26, 2011, 5:47 pm - IP Logged

                    I like the idea of better odds of winning a million, I think it would be nice to see more weekly winners.

                    Better odds would certainly help along with multi million winners ex 50 winning Mil winners  instead of one 50 million jackpot, plus International lotto opportunities participation -

                    OK here an out of the boxer, consider a five & dime cent (or ???)volunteer deduction from each qualifying working man or woman as a US citizens & military service personell taxpayers to bankroll a national lottery- oh yes, no taxes on these multi winners

                    Time for some fun payback ???

                    EddessaKnight Sun Smiley

                      HaveABall's avatar - rocket

                      United States
                      Member #72448
                      March 18, 2009
                      1026 Posts
                      Offline
                      Posted: July 26, 2011, 8:15 pm - IP Logged

                      Would be encouraging to have clusters of 9 neighboring state monthly raffles throughout the good 'ole U.S.A..  $9 per raffle ticket.  Monthly raffle tickets can't be sold out, printed in ascending order.  LIVE Internet site broadcast of audited drawing on last day of each month.  Only one prize amount, $4M pre-taxed lump-sum payout.  1 raffle #, generated from EACH of the 9 states, would be drawn monthly. 

                      Finally, each of these 9 monthly, 9-state raffle winners receive $4M pre-taxed (apx. $2.4M net, each winner after apx. 40% fed and state taxes withheld; state taxes paid to state where ticket printed).  Just think of all the households in the U.S.A. that would be buying one $9 raffle ticket per month ... if one wasn't a gambler before, they'd certainly become one now!

                      Disney

                      Having millions of dollars in my financial accounts means more, consistent fun for me.Lovies

                        Avatar
                        New Member
                        Brighton, MI
                        United States
                        Member #101038
                        November 24, 2010
                        6 Posts
                        Offline
                        Posted: July 27, 2011, 8:27 am - IP Logged

                        An International game doesn't necessarily mean a Euro game...it could mean Canada. I think the LottoMax game they run in Canada would work great in the US states. It offers the big jackpot prize at $50 million (which is a large enough jackpot for me to chase) and for each $1 million that exceeds the $50 million mark, it goes into another prize pool for additional chances at a $1 million prize (these additional million dollar prizes are called MaxMillion prizes). This game offers the huge jackpot and also chances for multiple people to win a million bucks. If the big jackpot is hit and there are left over MaxMillions prizes, the left over MaxMillions prizes fund the jackpot prize for the next drawing, meaning the starting jackpots are higher. Here's an example:

                        Total Jackpot: $70 million

                        Big Jackpot: $50 million

                        MaxMillions: 20 $1 million prizes to a potential twenty people

                        Based on the population increase in the US compared to what's in Canada, I bet ya if the US adopoted this game, they could fund a $100 million benchmark prize and have up to 50 $1 million prizes as secondary prizes.

                        Good game Canada, I'd love to see this in the states!

                         

                        (I was going to post a link to the LottoMax site, but I couldn't figure out how to.)

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
                          United States
                          Member #73904
                          April 28, 2009
                          14903 Posts
                          Offline
                          Posted: July 27, 2011, 10:17 am - IP Logged

                          Better odds would certainly help along with multi million winners ex 50 winning Mil winners  instead of one 50 million jackpot, plus International lotto opportunities participation -

                          OK here an out of the boxer, consider a five & dime cent (or ???)volunteer deduction from each qualifying working man or woman as a US citizens & military service personell taxpayers to bankroll a national lottery- oh yes, no taxes on these multi winners

                          Time for some fun payback ???

                          EddessaKnight Sun Smiley

                          I like the national lottery idea but the word "deduction" scares the hell out of me.

                          FDR said there was gonna be a "deduction" for Social Security and the money would be placed in a seperate account and it would never be touched for anything but our retirement. 

                          The truth?

                          Our government stole all the money out of the Social Security fund and pissed it away.

                          It's now the biggest ponzi scheme in the world.

                          Gotta wonder how the feds could put Bernie Madoff in jail for doing what they've been doing to us for years.


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke