|Posted: May 14, 2005, 1:59 am - IP Logged|
If the casinos were to get into state lotteries the payout percentages would be amongst the lowest of any casino game. There are a few million-dollar 10-spot Keno games where the payout percentage is lower, but these aren't common. The only lottery in Nevada, for instance, is Nevada Numbers, a 5/80 game available at casinos across the state. It has a five million dollar starting jackpot, and reaches a 50% payout percentage when the jackpot rolls over to about 12 or 13 million. To my knowledge it's not that popular.
But probably the biggest stumbling block to casinos becoming involved in state lotteries would be the admin costs. Many states have laws on exactly what percentage of the proceeds are to be spent, and the casinos would entail additional operating costs.
Interesting concept, though.....
Blessed Saint Leibowitz, keep 'em dreamin' down there.....
Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.