West Virginia resisting trend to privatize Lottery

Comment #7

LckyLary — Sun, 13 May 2007 14:05:32 GMT

The Cash25 question was probably meant not just for WV but for any State considering privatization. I don't know what all the implications are and it may vary from State to State. If the Cash25 were not making money for them they might change it in some way, or any game in any State, because the private company would need to make enough money for their profit and to pay the vig to the State and to pay the winners. I don't know what happens if they come up short. My concern is that they may chang... [ More ]

Comment #6

Stack47 — Fri, 11 May 2007 23:17:03 GMT

West Virginia officials say they so far have not seriously considered such an initiative, which would privatize the state lottery in exchange for quick cash.

Comment #5

GASMETERGUY — Fri, 11 May 2007 20:54:05 GMT

Talk about spending your grandchildren's money!!!

I know elected officials like to spend money. It seems that every state in the Union has a government like that. Here in Tennessee, the legislature would not approve the lottory until how the money was to be spent was decided first.

Now the policticians want to spend money today with money they wouldn't recieve for 30 or 40 years from now. Why not require every land owner to pre-pay their property taxes, say, 20 years in ad... [ More ]

Comment #4

Badger — Fri, 11 May 2007 11:55:01 GMT

About a dozen states are flirting with the idea of selling their lotteries to private companies to help plug financial gaps in their budgets.

And after they do this, and they have the money, and the blow it like they always do, they will be right back where they started, and looking to sell somethng else, rather than be fiscally responsible with the money they had....

Maybe we'll be real lucky, and the politicians will eventually get the point when they have to live in their cars.

Comment #3

rdc137 — Fri, 11 May 2007 00:45:57 GMT

Selling the lotteries is resulting in a new series of monopolies. Delaware is realizing that right now with its three slots casinos. They weild too much power and the state can't expand gambling because of it special interests in those 3 places.

I avoid the slots like the plague.

Comment #2

pumpi76 — Fri, 11 May 2007 00:23:18 GMT

Does this mean that if they privatize WVa lottery does Cash25 is going to get better or worse? Are they going to increase the numbers matrix for WVA CAsh25? ARe the payouts going to be less or more? Can someone help out here

Comment #1

dartiger — Thu, 10 May 2007 23:39:34 GMT

if that is true it would be a great investment for a group of dedicated lottery players, maybe than

West Virginia resisting trend to privatize Lottery

Lottery Post — Thu, 10 May 2007 20:26:48 GMT

About a dozen states are flirting with the idea of selling their lotteries to private companies to help plug financial gaps in their budgets.

But West Virginia officials say they so far have not seriously considered such an initiative, which would privatize the state lottery in exchange for quick cash.

California Gov. Arnold Schwarzenegger, for instance, wants to sell the Golden State's lottery to bring in as much as $37 billion. Under Schwarzenegger's plan, the state lottery would be leas... [ More ]