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Calif. Senate approves higher lottery payouts

California LotteryCalifornia Lottery: Calif. Senate approves higher lottery payouts

SACRAMENTO, Calif. — 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

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9 comments. Last comment 7 years ago by Drivedabizness.
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maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
Massachusetts
United States
Member #37433
April 14, 2006
2747 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

    mookyb75's avatar - animaniacs41
    nashville nc
    United States
    Member #81934
    November 2, 2009
    657 Posts
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    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...

     Rainbow 

    My mind on my $$$$
     
     
     
     
     
     
     
     
     
     
     

      Raven62's avatar - binary
      New Jersey
      United States
      Member #17843
      June 28, 2005
      49784 Posts
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      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!

        lottocalgal's avatar - Lottery-043.jpg
        CA
        United States
        Member #57222
        December 23, 2007
        587 Posts
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        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.........................

          Avatar
          New Member
          Surfers Paradise
          Australia
          Member #88767
          March 23, 2010
          1 Posts
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          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.

            Dollar419's avatar - Lottery-050.jpg
            Santa Ana
            United States
            Member #71159
            February 20, 2009
            651 Posts
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            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. Dance

              Avatar

              United States
              Member #10720
              January 23, 2005
              933 Posts
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              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.

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                New Member
                Denver
                United States
                Member #88364
                March 14, 2010
                8 Posts
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                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.

                  Avatar
                  Northern California
                  United States
                  Member #19948
                  August 9, 2005
                  151 Posts
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                  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.