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California Gov. calls for expanding, privatizing lottery

Topic closed. 16 replies. Last post 9 years ago by Drivedabizness.

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United States
Member #59167
March 8, 2008
174 Posts
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Posted: May 17, 2008, 12:36 pm - IP Logged

The purpose of the lottery is to take money away from you, giving you a small amount is something they have yet to find a way around.  The politicians always claim to be on your side, but are N-E-V-E-R on your side.  If you find a decent politician before the election, you can bet you won't find him after the election.  Raise taxes or allow the lottery?  As often as not, they'll choose both and be dishonest about both options.

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    Northern California
    United States
    Member #19948
    August 9, 2005
    151 Posts
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    Posted: May 19, 2008, 1:37 pm - IP Logged

    If Daily 4 follows sales trends in the industry (at least for the Western US) , it will sell about half of what Daily 3 sells.

     

    If I recall correctly, CA sells about 4 cents per cap in Daily 3. Half of that (2 cents) would be about 720k per week, or about 35 million per year - about 1 percent of total sales.

     

    Unless or until CA changs its ruls to allow fixed prizes on online games, this Forest Gump-like "you never know what you're gonna get" for prizes will kill any meaningful chances to raise sales and profits. (IMHO - but I don't believe any analyst in the industry has spent as many hours tracking CSL in their career).