I was just looking over the RESULTS page.... noticed there are still at least three states without lotteries. Probably each for a different reason. But naturally, we all would like to see every state pass a lottery law, have a lottery so's if we happen to be traveling there we could buy a ticket.
So. How could Alabama, Utah and Nevada be persuaded to join the other states in having lotteries?
When PB or MM officials are there lobbying the legislators, tell them how much money's going to go into the state coffers in a ballooning annuity. PB, or MM keeps the money and invests it for them, trickles it out to them over, say, fifty years, at which time the states will be rolling in dough.
Yeah. I'll bet that would convince them what they're missing out on. If annuity's a good deal for players, if it's a legitimate way to represent lottery winnings it ought to be a good way to represent lottery earnings, as well.
On the other hand, maybe it would be cool at the next national conference of state governors, for the states to give some thought to holding the lottery earnings for PB and MM, and giving it to those two worthies in annuity form. The states holding the money, investing it for them, trickling it out to them in annual payments that go up up up over the next few decades.
Wow. I'll bet Powerball and MegaMillions would just be delighted to have the states handling that money for them, investing it for them, giving them the same good deal they're giving winners.
Imagine the press releases. States telling taxpayers the inflated dollar values the lottery's bringing in.... Dow Jones reporting the amazing profits of Powerball and Mega millions.
It's a winwinwin for everyone.
Remember where you heard it first.