Texas Lottery considering guaranteed jackpots

Comment #2

Chewie — Tue, 16 Aug 2005 12:28:28 GMT

I'd like to see them write a law (fat chance) requiring the posting of the cash value in exactly the same structure as they promote the annuity. Kind of a Truth In Advertising thing. Even better, a law requiring them to go to Todd's site and read the actual values

Comment #1

Rip Snorter — Tue, 16 Aug 2005 11:58:29 GMT

New jackpot prize guidelines proposed Monday include a guarantee the winner collect either the advertised amount or the amount calculated by sales, whichever is greater. The guarantees would apply to jackpots paid with the 25-year annuity, not to winners who choose the immediate cash-option payment.Strange, when people get into the habit of using smoke and mirrors they just can't seem to get loose from it. Guess they're running the old 'you can fool all of the people some of the time' maxim thr... [ More ]

Texas Lottery considering guaranteed jackpots

Lottery Post — Tue, 16 Aug 2005 10:53:15 GMT

Texas Lottery officials are considering guaranteed jackpots to help avoid inflated estimates like the one in June that prompted a consumer complaint to the state attorney general and cost the agency director his job.New jackpot prize guidelines proposed Monday include a guarantee the winner collect either the advertised amount or the amount calculated by sales, whichever is greater. The guarantees would apply to jackpots paid with the 25-year annuity, not to winners who choose the immediate cash... [ More ]