Mass. Lottery on track to $50 million surplus

Comment #4

barbos — Sat, 01 May 2010 08:53:43 GMT

No, wooden pallet probably woudn't hold it - 800M weight is 17,600 pounds or 8 tons.

Comment #3

THRUST — Fri, 30 Apr 2010 12:51:44 GMT

I am sure the government spends $50 million like a citizen spends .50 cents...it is insane the amount of debt we are in.

Comment #2

Todd — Fri, 30 Apr 2010 12:08:28 GMT

Yes, $800 million is a lot, to be sure.

It would probably require a wooden pallet to hold it all, if the $800 million was in stacks of $100 bills. Now try to picture 2,500 of those pallets, each containing $800 million. It would take up a whole warehouse. And that's in $100 bills.

That's the amount of debt added by our government in just the past year alone.

A $50 million surplus, if dedicated 100% to paying off the debt, would not even come close to covering a monthly interest payment.... [ More ]

Comment #1

THRUST — Fri, 30 Apr 2010 11:37:40 GMT

I could use $50 million.

Could you imagine having $800 million dollars

Mass. Lottery on track to $50 million surplus

Lottery Post — Fri, 30 Apr 2010 11:33:05 GMT

The Massachusetts Legislature gambled a year ago that the state Lottery would generate at least $759 million in profits for local aid to cities and towns.

That is turning out to be a pretty safe bet after all. Officials at the Braintree-based Lottery disclosed on Thursday that the Lottery's profits are far exceeding their initial expectations, and are on track to generate nearly $50 million more than the Legislature originally projected once the state's fiscal year ends on June 30.

Before... [ More ]