How an LP major jackpot winner could help lottery players

Reply #18

Rip Snorter — Wed, 28 Jun 2006 17:32:50 GMT

Might be.

Good luck

J

Reply #17

we;reallwinners — Wed, 28 Jun 2006 00:53:06 GMT

I hear ya.......and I don't think the big the charities are any different. I don't have the details on how much of each dollar goes to the actual charity, but I'm sure the exectutives are making a nice salary before anyone gets anything.

So all we can do is keep trying and hope our turn to pick up that big cardboard check is not too far away......and be thankful that LP is here so we can help one another through it.....

Reply #16

Rip Snorter — Wed, 28 Jun 2006 00:25:42 GMT

You might be correct about nothing being possible to change it.

On the other hand, you might be wrong.

As for MUSL, it has to cross a lot of tees and dot a lot of eyes to be non-profit. It's quasi-public, so the information is subject to the open records act.

A few states still don't have lotteries, and a few don't have a multi-state lottery.

The most friendly place I know of where this information can be aired and discussed is right here on LP, among people who love playing lotteri... [ More ]

Reply #15

we;reallwinners — Wed, 28 Jun 2006 00:03:54 GMT

I agree with you that there must be alot of money getting lost in the shuffle, but don't know what anyone can do about it.

It's probably just a matter of the not for profit corporations following the for profit corporations : The exectutives are making such HUGE salaries that there's not much profit left.

Reply #14

Rip Snorter — Tue, 27 Jun 2006 13:08:36 GMT

I'll confess when I began this thread I had no idea where it would lead.

I did expect to see some discussions..... maybe some in-depth ones between interested LP members, perhaps including LP members connected to lottery organizations.

Instead, the regulars who aren't connected have demonstrated scratching below the surface of the financial (non- payout) side of things really doesn't fire them up.

And lottery officials evidently aren't going to allow themselves to be drawn into a discus... [ More ]

Reply #13

Rip Snorter — Tue, 27 Jun 2006 01:04:29 GMT

At the MUSL site if you click Where the money goes, you end up with this first page

http://www.naspl.org/about.html

It's heartening to know that's not where the money for all those rolls is hiding itself. $222 M (amount of total contributions to US beneficiaries) ought to be covered easily by a couple of high dollar rolls.

Where the

Money Goes

Cumulative Lottery Contributions to Beneficiaries

(From Startup to 6/30/05) - ($ millions

Reply #12

Rip Snorter — Mon, 26 Jun 2006 22:34:29 GMT

Here's the Board of Directors for GTech. I'll confess they don't appear to be all that sinister.

Dewey was Managing Director of Donaldson, Lufkin Jenrette Securities Corporation from 1983 through 1995, and as a member of its Board of Directors, and the name Jenrette has the ring of a US Senator or Representative involved in some scandal decades ago, but there mightn't be a connection, probably doesn't mean anything.

No mention anywhere of any of these folks being on the MUSL board.

A... [ More ]

Reply #11

pumpi76 — Mon, 26 Jun 2006 22:05:39 GMT

thanks...

....Bullets kill people: so do incoming electronic missiles.....

Reply #10

Rip Snorter — Mon, 26 Jun 2006 22:05:19 GMT

According to Lottery Insider, MUSL is a NON-PROFIT organization.

Isn't that interesting?

Non-profit organizations aren't allowed to make profits. Most of them have to file all kinds of reports every which way to make certain they don't make profits. Non-Profit organizations get a lot of scrutiny, as a rule.

File a lot of reports, non-profits, yes. MUSL? Probably them, too. It's just those reports ain't easy to find.

However, MUSL does a lot of business with GTech. A hmmm... [ More ]

Reply #9

Rip Snorter — Mon, 26 Jun 2006 21:23:09 GMT

Pumpi:

Excellent question.

Cash value, I read on another thread, is 45 percent of PB advertised jackpots now.

I have no idea how to find out ticket sales histories for PB and MM draws. However, Texas (according to a poster on another thread) published ticket sales for three MM jackpot winning draws. I backtracked those and compared ticket sales on one of those to the payout.

The result was damning for MM. They payed out $28 M (I'm relying on memory) less than ticket sales two days... [ More ]

Reply #8

pumpi76 — Mon, 26 Jun 2006 21:04:56 GMT

thanks Rip Snorter you gave me an idea and insight...

Rip Snorter you wrote:

Ticket sales for this draw brought in $150 million, of which $75 million went back to the states. My piece of it, cash value was also $75 million (of which I recieved, maybe, $35m after taxes).

is that true or you made it up? How can you fiind out what the lottery brought in in sales?

.....For the glory of Rome.....

Reply #7

Rip Snorter — Mon, 26 Jun 2006 17:52:20 GMT

Maybe I've got this completely wrong.

Maybe MUSL's not rolling around in rooms full of (Swiss bank vault) money like Scrooge McDuck.

It seems to me MUSL's probably a careful readership for this thread, and any other similar to it.

Even a reader such as RAVEN, (above) knows more about this than I do.

Soooooo. MUSL employees, help me out here. I don't want to be harder on you than you deserve.

Start a thread of your own, or just provide a link right here.

Show us a 2005, 2... [ More ]

Reply #6

Rip Snorter — Mon, 26 Jun 2006 17:21:32 GMT

Quote: Originally posted by bellyache on June 26, 2006 Quote: Originally posted by Rip Snorter on June 26, 2006 Most of us on LP who don't work for the lotteries have noticed a lot of characteristics in lottery operation behavior we'd find it satisfying to see changed.

Here's something a major jackpot winner could do to bring about some of those changes:

Show the happy-face and holding the big check if it's required to get the money into the bank,Once all the papers are signed, hold an int... [ More ]

Reply #5

bellyache — Mon, 26 Jun 2006 17:11:29 GMT

Sounds like a good idea Jack, but I don't see myself ever doing that. If I ever have the good fortune of winning a jackpot, I plan on being as boring and dull as possible. Saying somthing this would stir up some buzz and may keep me in the spotlight which I want to avoid in the first place.

Reply #4

Rip Snorter — Mon, 26 Jun 2006 16:49:20 GMT

Quote: Originally posted by Raven62 on June 26, 2006 Administrative Costs for running the Lottery are very, very High, and the Odds of you Winning are very, very Low! Once you're in the Winners Circle the last thing you'll be thinking is what can I do to make the Lottery better for the folks that didn't Win.

The high administrative costs involved in operating a lottery are actually worth examining.

For a state, the costs are a lot higher than they'd be for MUSL because the states have... [ More ]

Reply #3

Rip Snorter — Mon, 26 Jun 2006 15:43:45 GMT

Quote: Originally posted by Raven62 on June 26, 2006 Administrative Costs for running the Lottery are very, very High, and the Odds of you Winning are very, very Low! Once you're in the Winners Circle the last thing you'll be thinking is what can I do to make the Lottery better for the folks that didn't Win.

Speak for yourself on all counts, Raven.

Unless you are a lottery employee you probably don't have any better idea than I do about what the costs are to them..... I'm betting the m... [ More ]

Reply #2

Raven62 — Mon, 26 Jun 2006 15:35:04 GMT

Administrative Costs for running the Lottery are very, very High, and the Odds of you Winning are very, very Low! Once you're in the Winners Circle the last thing you'll be thinking is what can I do to make the Lottery better for the folks that didn't Win.

Reply #1

Rip Snorter — Mon, 26 Jun 2006 15:23:04 GMT

Maybe then the new winner could introduce his attorney:

Now I'm going to introduce you to my legal counsel, John Shysterlawyer.

John will explain how I'm paying him a piece of what I've won to execute a class action lawsuit against the Multi-State Lottery Association.

Deceptive trade practices lawsuit against PB or MM. Losers in a deceptive trade practices action can be charged triple damages.

It's in keeping with spirit of the billboards. We'll be presenting the big check you... [ More ]

How an LP major jackpot winner could help lottery players

Rip Snorter — Mon, 26 Jun 2006 14:54:01 GMT

Most of us on LP who don't work for the lotteries have noticed a lot of characteristics in lottery operation behavior we'd find it satisfying to see changed.

Here's something a major jackpot winner could do to bring about some of those changes:

Show the happy-face and holding the big check if it's required to get the money into the bank,Once all the papers are signed, hold an interview in front of lottery HQ:

Thank you, lottery players, for providing the ticket sales to allow me to get... [ More ]