N.J. considering privatizing lottery

Comment #17

rdc137 — Sat, 25 Nov 2006 17:07:58 GMT

Welcome to Delaware, Todd.

Comment #16

JimmySand9 — Sat, 25 Nov 2006 13:44:24 GMT

Maybe we LP members should put our money together and make a bid.

Comment #15

rdc137 — Sun, 05 Nov 2006 19:47:06 GMT

Incumbents get elected because the majority of voters are dumb and vote along party lines or only vote for incumbents. Sad but true.

Comment #14

GASMETERGUY — Sat, 04 Nov 2006 10:51:12 GMT

The main and only purpose of a state lottory was to increase the revenue of that state. A lottory was just another tax on people willing to be taxed.

How can NJ justify selling off a source of revenue? Can I buy the property tax receipts of NJ? Does NJ have the right to sell off tax revenue?

I suppose they do. If a state or town or county can take any property away from a citizen and sell that property to another citizen, then states have evolved into a tryanny and can do... [ More ]

Comment #13

Todd — Sat, 04 Nov 2006 04:23:43 GMT

Excellent point. Who's to say we wouldn't get stuck with a computerized nightmare

Comment #12

LckyLary — Sat, 04 Nov 2006 04:09:05 GMT

I am concerned that privatization would change how numbers are drawn i.e. computerized? or other factors that would severely hamper my algorithms, or that privatization would mean it's easier to fix the outcome. I already feel like that about casinos and thus I visit rarely.

Comment #11

floridian — Fri, 03 Nov 2006 15:51:47 GMT

I totally agree with Rick G. I am not of course from this state but a lot of states like New Jersey are suffering from the population shift (to the South) that is taking away state revenues.

The politicians who adorn the palaces of pure thought want to continue to spend state money as they always have without any regard for the revenues losses.

So I guess it makes perfect sense to sell everything until there is nothing left to sell. Then declare insolvency and fall on the national taxpay... [ More ]

Comment #10

CCHS13 — Fri, 03 Nov 2006 07:54:42 GMT

Thanks Todd and Rick G for the info

Comment #9

BobP — Fri, 03 Nov 2006 07:28:50 GMT

Begs the question, how they intend to get around the fact private lotteries are illegal.

Kill the goose that lays the daily golden egg, way to go New Jersey !

BobP

Comment #8

rdc137 — Fri, 03 Nov 2006 04:06:40 GMT

Welcome to New Jersey: For Sale by Owner

Comment #7

jim695 — Thu, 02 Nov 2006 20:51:24 GMT

Sorry about the link. Here's the URL: http://www.indystar.com/apps/pbcs.dll/article?aid=/20061102/local/611020443 GID=+YbKzfsEExFmouU2PoO6RrsWJwiJbCgbNPu6q7Og7oQ%3D. If this doesn't work, just copy paste to your browser. It's an interesting article...

Comment #6

LosingJeff — Thu, 02 Nov 2006 20:49:34 GMT

Well said Jim

Comment #5

jim695 — Thu, 02 Nov 2006 20:17:32 GMT

This alarming trend toward privatization of public works and agencies should be a clear indication of the ineptitude and general disassociation of our elected leaders.

Basically, they're throwing their hands in the air and screaming, We can't do this job; we should sell our states' assets and let someone else worry about them!

There's an article in today's issue of IndyStar.com (the online edition of the Indianapolis Star) about our governor's two million dollar makeover of a mansion he... [ More ]

Comment #4

Todd — Thu, 02 Nov 2006 18:06:48 GMT

For people interested in this issue, here are a number of relevant news stories.

Illinois Gov. wants to privatize state lotteryMany dislike Illinois Gov.'s lottery privatization planSale of Illinois Lottery could start a trendIllinois Gov. won't reveal data on lottery sale planIllinois lottery privitization plan panned by tax group$10 Billion Lottery Proposal Stalls in IllinoisNJ lawmakers cool to idea of selling lottery

Comment #3

Rick G — Thu, 02 Nov 2006 17:34:05 GMT

Yes, CCHS...we can thank Rod B. for this hare-brained idea (about 6 months ago). I don't think the IL legislature will go along with it but if they do, they will lose one player here.

Sad to see that other states are actually considering this. But NJ doesn't surprise me. The governor has already demonstrated how he feels about his gambling revenue...he doesn't give squat. He should spend more time thinking of the money being spent and less time on the cash flow coming in.

That guy is a... [ More ]

Comment #2

CCHS13 — Thu, 02 Nov 2006 16:56:48 GMT

Illinois was going to do this?? I didnt hear about that, how long ago?

If the state is in financial trouble raking in a billion per year something is

wrong. Who's to say their financial woes wont cause them to manipulate

the game for their own money making purposes. What if their was no lottery

where would their billion per come from then? This is sad

Comment #1

LOTTOMIKE — Thu, 02 Nov 2006 14:34:17 GMT

wasn't illinois going to do something similar to this.this doesn't sound like such a good idea.gives me visions of computerized drawings and other nonsense....

N.J. considering privatizing lottery

Lottery Post — Thu, 02 Nov 2006 13:53:44 GMT

Gov. Corzine approach to N.J. financial woes: sell everything, including the lottery

State officials are studying whether selling the New Jersey Lottery to a private company can reap big money for cash-strapped state coffers, Treasurer Bradley Abelow said yesterday.

Abelow said letting a private firm buy the lottery and collect its substantial winnings is one idea gaining favor as part of a year-long review of whether the state should sell or lease public assets such as the New Jers... [ More ]