|Posted: November 26, 2004, 6:17 am - IP Logged|
I can only guess, but I would say that since IA uses the IL drawings, then IA doesn't have any expenses related to holding their own drawings. No machines, no personnel to do the drawings, no hiring independent auditing firms to make sure it is legit, etc.
That means if the state of IA wants to be "generous" they can afford to pay a bit more and still make their projected profit. Since the P3 and P4 games are fixed payouts, (and the odds of winning are known, and therefore the number of winners can be projected over a year's time based upon expected quantity of tickets sold) they likely can get away with a few bucks extra in the payouts.
I know that in WI for example, they have stopped telvising the drawings at all (and this month they went to RNGs and did away with the machines completely) and they claim that these two moves alone save them over a million dollars a year in their cost of running the games. So that kind of cost is something IA doesn't have to worry about. It gives them more money.
Unfortunately in WI they haven't changed their payouts even though it is "saving them all this money:. Sounds to me like the govt in IA is actually thinking a little about offering somthing back to the people.
How can you tell if a politician is lying?
Answer: His lips are moving.