Reducing Lottery Rewards

Comment #9

CASH Only — Mon, 12 Jan 2004 13:16:26 GMT

golotto:Jeb Bush kept PB out of FL even though the previous governor OK'd it.

Comment #8

golotto — Sat, 10 Jan 2004 21:19:57 GMT

i realize that most politicians are hard working and dedicated individuals and i thank them for their service. but, when a person hears the logic (or lack of it) that is being given for reducing the size and number of prizes a player can win ...and going furthur to say ...with the hope that it will increase ticket sales?!...after recovering from shock and getting up off the floor, i must ask myself...am i dreaming? no? ok, so what kind of lottery economics would justify this type of logic; this

Comment #7

golotto — Sat, 10 Jan 2004 19:30:34 GMT

Some Florida legis

Comment #6

dvdiva — Sat, 10 Jan 2004 05:01:03 GMT

i never understood this nonsense of making smaller jackpots. every player already knows they only get like 25 - 30% of the jackpot anyway (cash after tax). power ball has a stupid cap although they have never reached it. no one plays for second place. not in sports. not in politics and not in the lottery. you only play for the jackpot.

Comment #5

piket31 — Sat, 10 Jan 2004 01:09:26 GMT

dont play any lotto ga

Comment #4

Lotto Czar — Fri, 09 Jan 2004 17:25:16 GMT

I really don't follow this logic at all. Would it seem that the higher the prize the more people come out to get tickets? Agree, maybe some sort of cap could be instituted and jackpot prizes rolled down (Actually Powerball does that, but it hasn't happened since the rule started). Nah, what do you think attracts rookie players (and more sales) Are these people cutting off their nose to spite their face? Sounds like it to me

Comment #3

CASH Only — Fri, 09 Jan 2004 13:56:03 GMT

RJ:Michigan Winfall has a $5 million cap...but of course Ohio's limit on a prize on a single ticket came long before Mega Millions began.

Comment #2

RJOh — Fri, 09 Jan 2004 13:43:45 GMT

Years ago when Ohio Lottery had jackpots of $40M+ quite often, the Ohio legislators came up with the idea to limit the winnings on one ticket to $20M regardless of the jackpot size. Up until then the Ohio attracted players from all the surrounding states and many were big winners. After that, large jackpots didn't attract players and a year later Ohio got rid of that rule but the lottery never recovered until recently when Ohio added MegaMillions. Large jackpots are attracting more players ag... [ More ]

Comment #1

CASH Only — Fri, 09 Jan 2004 13:16:34 GMT

I don't get the argument in the first paragraph.

Reducing Lottery Rewards

Lottery Post — Fri, 09 Jan 2004 10:15:40 GMT

Some Florida legislators figure that the way to sell more lottery tickets is to reduce the size or number of prizes the players can win. It's something that will be attempted during the 2004 session that begins in March -- and, given the financial philosophy of this Legislature, it has a good chance of passage.This is, after all, the same Legislature that set in motion the largest telephone rate hike in state history using the logic that if rates were increased, there would be more competition f... [ More ]