Lotteries hit record profits last year

Comment #13

rdgrnr — Wed, 27 Jul 2011 14:17:43 GMT

I like the national lottery idea but the word deduction scares the hell out of me.

FDR said there was gonna be a deduction for Social Security and the money would be placed in a seperate account and it would never be touched for anything but our retirement.

The truth?

Our government stole all the money out of the Social Security fund and pissed it away.

It's now the biggest ponzi scheme in the world.

Gotta wonder how the feds could put Bernie Madoff in jail for doing what they've... [ More ]

Comment #12

Tabtastic — Wed, 27 Jul 2011 12:27:39 GMT

An International game doesn't necessarily mean a Euro game...it could mean Canada. I think the LottoMax game they run in Canada would work great in the US states. It offers the big jackpot prize at $50 million (which is a large enough jackpot for me to chase) and for each $1 million that exceeds the $50 million mark, it goes into another prize pool for additional chances at a $1 million prize (these additional million dollar prizes are called MaxMillion prizes). This game offers the huge jackpot... [ More ]

Comment #11

HaveABall — Wed, 27 Jul 2011 00:15:31 GMT

Would be encouraging to have clusters of 9 neighboring state monthly raffles throughout the good 'ole U.S.A.. $9 per raffle ticket. Monthly raffle tickets can't be sold out, printed in ascending order. LIVE Internet site broadcast of audited drawing on last day of each month. Only one prize amount, $4M pre-taxed lump-sum payout. 1 raffle #, generated from EACH of the 9 states, would be drawn monthly.

Finally, each of these 9 monthly, 9-state raffle winners receive $4M pre-taxed (apx. $2.4M n... [ More ]

Comment #10

eddessaknight — Tue, 26 Jul 2011 21:47:45 GMT

Better odds would certainly help along with multi million winners ex 50 winning Mil winners instead of one 50 million jackpot, plus International lotto opportunities participation -

OK here an out of the boxer, consider a five dime cent (or ???)volunteer deduction from each qualifying working man or woman as a US citizens military service personell taxpayers to bankroll a national lottery- oh yes, no taxes on these multi winners

Time for some fun payback ???

EddessaKnight

Comment #9

Stack47 — Tue, 26 Jul 2011 20:55:28 GMT

The one thing I would like but don't see would be a $1.00 national game with a lot more million dollar winners instead of the humongous mega jackpots

A few years ago the Ohio Lotto game was averaging 3 jackpot winners and one drawing had I believe 14 players splitting the jackpot. A National game could produce multiple million dollar winners if they created a point where the jackpot must be paid and if there are no jackpot winners; the top prize would be distributed to the secondary prizes.... [ More ]

Comment #8

ressuccess — Tue, 26 Jul 2011 16:59:45 GMT

Why did they set a record

Comment #7

JADELottery — Tue, 26 Jul 2011 15:22:16 GMT

So that's why I couldn't win anything.

Comment #6

Grovel — Tue, 26 Jul 2011 00:27:22 GMT

I hope they change Decades Of Dollars. Right now I don't think anyone is going to win the top prize.

Comment #5

sully16 — Mon, 25 Jul 2011 21:46:57 GMT

I like the idea of better odds of winning a million, I think it would be nice to see more weekly winners.

Comment #4

dpoly1 — Mon, 25 Jul 2011 21:45:22 GMT

I would like to be able to purchase international lotteries at my local lottery vendor!

or maybe a national tax free lottery with big jackpots

Comment #3

maringoman — Mon, 25 Jul 2011 20:32:22 GMT

The Massachusetts lottery is the most efficient in parting gamblers with their money. They have so many scratch tickets that promise you $1,000,000 that even non gamblers have a hard time resisting. I only play regularly.

On average, MA residents spend $750 a year gambling but its all good, we gots to gamble as we wait for Jesus or the end of the world.

Comment #2

cbr$ — Mon, 25 Jul 2011 20:04:07 GMT

Most of the lottery who want to dump games that use to work in the past that according to them are no longer as appealing to the public could simply revise the old game- a extra ball or a multiplier for a extra dollar to the players that should add to it pay-out give it more appeal then repromoted it ex.new decade of dollar plus and keep the revenue in their state vs mega appeal/ 7states share the revenue/ who says how the money is sliced then/ would it still be use for the same purposes/ the mo... [ More ]

Comment #1

rdgrnr — Mon, 25 Jul 2011 19:31:23 GMT

The lottery is also in talks with other states about making changes in the Decades of Dollars game and is changing the structure of its raffle game, which generated half of the $10 million in revenue projected for the fiscal year that ended June 30. The raffle is switching to a monthly payout of 50 percent of money spent on tickets in that month.

Passailaigue also said the lottery is in talks to take part in a planned national premium numbers game, in which tickets would cost $5. He's also... [ More ]

Lotteries hit record profits last year

Lottery Post — Mon, 25 Jul 2011 17:19:35 GMT

Lottery sales are strong, but there are points of weakness

By Todd Northrop

Government-sponsored lotteries are continuing their broad expansion as income-producing entities, as many lotteries reported record profits in the last fiscal year.

Reports of record profits from the lotteries come despite continuing high unemployment and an economy that has been flat or downward-trending for the past two years.

Iowa Lottery CEO Terry Rich says he believes the lottery does well in a bad econo... [ More ]