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Illinois Lottery may privatize lottery to solve budget woes

Topic closed. 19 replies. Last post 7 years ago by KY Floyd.

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pick4hawk's avatar - Trek HAND3.gif

United States
Member #19982
August 9, 2005
226 Posts
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Posted: April 6, 2010, 8:07 am - IP Logged

I idea to sell the lottery is not new 

Rod Blagojevich originally sugested it while he was still in office.

The state court system employees and gov employees are payed way way too much.

They recieve retirement when everyone else is stuck with at best  a 401k.

For decades normal people have been stuck paying for government employees retirement by illinois consitutional law.

Gov needs to stop finding ways to get kick backs and actually help common people and the disabled.

Oh they will say they are saving money--- but they will just take it.

God I hope they don't go to RNG type drawings --I love the regular old air ball machines.

Daily games just wouldn't be as much fun and winning may never occur with a click of a button.

HAWK

*We may see something that isn’t there because of what we expect to see

Or conversely, we may not see something because we don’t expect to see it.*

    ca-dreamin*'s avatar - Lottery-065.jpg
    Chicago
    United States
    Member #70678
    February 8, 2009
    889 Posts
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    Posted: April 7, 2010, 7:54 pm - IP Logged
    Why any state would want to privatize a cash cow for the state behooves me. The lottery is in the top 5 money making ventures the state has next to property tax and sales tax.

    A private company now runs the parking meters in Chicago and it's been a headache for people who feed the meters. And my understanding is the contract is for the next 75 years.

      ca-dreamin*'s avatar - Lottery-065.jpg
      Chicago
      United States
      Member #70678
      February 8, 2009
      889 Posts
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      Posted: April 7, 2010, 8:01 pm - IP Logged

      There's something wrong with the numbers reported in the story. With a population of about 12.5 million, sales of $55 million per day would mean per capita spending of $31 per week on tickets. I'm sure that plenty of people spend that much, but I  doubt it's an average. It would also mean an annual gross of over 20 billion. In that case the "more than a half billion dollars annually" reported in the story would indicate a profit to the state of about 2.5%.

      I don't know but where I live and where I work it's the poorer people I see plopping down the money on pick 3 and scratchers and I'm sure they're spending more than 31 dollars per week. I see ALOT of daily players and they always play lots of numbers.

        HaveABall's avatar - rocket

        United States
        Member #72448
        March 18, 2009
        1227 Posts
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        Posted: April 8, 2010, 1:15 am - IP Logged

        Probably a much lower percentage of monies should remain going to public schools (after all they are: too many years, too many daily hours, too much homework, dangerous bus environments [only one adult per bus to drive, none to keep peaceful!], don't teach diadic communication courses intermitently, are frustraiting, offer uninteresting projects, don't teach the children clients the purpose they are in school, don't  envoke enjoyment, reading, enunciation, confidence, hobbies ideas, children clients don't comprehend written text, don't offer enough trades programs, physical education/gym classes are unsuccessful in getting children clients trim and firm, as rather they should teach clients speed resistance training ONLY; they instead put clients in unhelpful sports -- which usually forcefully pitchs them against fellow children clients; resulting in depression and embarassment ... what a shameful way to conduct daily business). If a guardian wants their child trained in a sport, they should achieve it by paying the local park district for an out-of-school weekly program)!

        Let the school officials, whom the bulk of money is going to, find a different cash cow or simply fade away from Illinois society; since they are the main cause of vanishing massive amounts of "billion dollar education funds" and dumbing young Illinois society down!Bang Head

        Having several millions of dollars in my financial accounts means receiving several valuable services each day!

        Disney

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          NY
          United States
          Member #23835
          October 16, 2005
          3474 Posts
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          Posted: April 8, 2010, 2:43 pm - IP Logged

          Sure there are plenty of people spending $30 or more per week, but there are plenty of people who who only spend a few bucks, and plenty who don't play at all. I've seen people spending $20 to $100 at a clip, but the vast majority of people I see are spending less than $5. With a lot of that spent on one of the jackpot games that means they aren't doing that more than a couple of times a week. On any given trip where I buy a ticket most of the people I see don't buy any tickets. Then there's the substantial percentage of the population that's under 18 and isn't allowed to play.

          My guess is that the figure of  "$55 million" should have been 5 or 5.5 million.