California looks to British lottery model

Comment #4

savagegoose — Mon, 22 Oct 2007 15:11:37 GMT

why not cut out the middle man, run a lottery where if u win u get that much needed hoaspital admission.

woo hoo i won a hip replacement,

i got a heart bypass, looks like ill have to take up smoking

Comment #3

four4me — Sun, 21 Oct 2007 05:20:14 GMT

If California lottery is having problems with it sales then they should revamp the lotteries operations, and prize payouts and push the sales department to run a better ad campaign.

Selling the state lottery would only be a short term fix for the state budget. In a year or so they would still be in the money hole, looking for more ways to make money from selling state assets.

The lottery is a cash cow why would anyone want to sell a money maker.

Lets revise the lottery not sell it.

Comment #2

time*treat — Sun, 21 Oct 2007 04:23:12 GMT

California is seeking to become the first US state to privatize its lottery to raise as much as $37 billion ( 18 billion, 26 billion) ...

which they will promptly p!$$ away, then be back.

Some of Wall Street's biggest investment banks have made unsolicited approaches to the state to convince it of the merits of privatization...

'cause there'z underwritin' fees in that thar idiocy.

California was in dire financial straits...

which wouldn't have anything to do with their high tax... [ More ]

Comment #1

dvdiva — Sun, 21 Oct 2007 03:48:22 GMT

If they are really looking than look at the fact that in the UK lottery jackpots are paid in tax-free cash. Otherwise Vegas has a better dollar spent vs. post tax dollar won ratio.

California looks to British lottery model

Lottery Post — Sun, 21 Oct 2007 00:44:08 GMT

California is seeking to become the first US state to privatize its lottery to raise as much as $37 billion ( 18 billion, 26 billion), with some of the funds used to finance governor Arnold Schwarzeneg ger's sweeping health care reforms.

Some of Wall Street's biggest investment banks have made unsolicited approaches to the state to convince it of the merits of privatization.

Goldman Sachs, Lehman Bros, JP Morgan, Bear Stearns, Citi, Merrill Lynch, Morgan Stanley and UBS have all made pit... [ More ]