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• Annual Payments

  

  Houston, TX
  United States
  Member #9,841
  December 23, 2004
  236 Posts
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  May 14, 2005, 1:28 am

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  States have the monopoly on lotteries.  Would you guys support casinos getting in on the actions?  I'll use Harrahs for an example.  It's a chain of casinos across the country.  Would you want them to conduct their own lottery with bi-weekly drawings?  And if they did, do you think it would be successful?
• LOTTOMIKE

  

  Tennessee
  United States
  Member #7,853
  October 15, 2004
  11,352 Posts
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  May 14, 2005, 1:31 am

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  i was thinking what if they had a thing at the casinos where you could bet on all states lotteries and the lotteries got a percentage of the profit....
• Tnplayer805

  

  North Dakota
  United States
  Member #13,397
  April 5, 2005
  1,623 Posts
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  May 14, 2005, 1:34 am

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  I'm not too big on casinos.  I like to support state lotteries because a good percentage goes to Education here in TN.  In a casino it really doesn't have that affect.  Just my thoughts though.

  How are you going to win if you don't play?
• johnph77

  

  CA
  United States
  Member #2,987
  December 10, 2003
  832 Posts
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  May 14, 2005, 1:59 am

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  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.....

  gl

  j 

  Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

  Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

   =^.^=
• Tnplayer805

  

  North Dakota
  United States
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  April 5, 2005
  1,623 Posts
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  May 14, 2005, 2:01 am

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  Why doesn't Nevada have a State Lottery?  I might have missed this somewhere.  You would think if they had that much gambling they would atleast have a state lottery.  Hmm.

  How are you going to win if you don't play?
• JimmySand9

  

  United States
  Member #1,826
  July 11, 2003
  2,645 Posts
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  May 14, 2005, 2:17 am

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  Unless I start seeing lower casino gambling ages (like 18, where it should be), I don't want to see them getting any bigger.
  

  (insert signature here)
• johnph77

  

  CA
  United States
  Member #2,987
  December 10, 2003
  832 Posts
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  May 14, 2005, 2:59 am

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  Tnplayer805 -

  Nevada has tried to establish a state lottery with the proceeds directed toward education, but the measure hasn't passed the state legislature, mainly due to intensive lobbying by casino interests. If I'm not mistaken the last attempt was made last year.

  gl

  j

  Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

  Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

   =^.^=
• LOTTOMIKE

  

  Tennessee
  United States
  Member #7,853
  October 15, 2004
  11,352 Posts
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  May 14, 2005, 3:44 am

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  the casinos are so powerful that a lottery will probably never ever happen in nevada,it cuts into the casino piece of the pie and the casinos will NOT let that happen ever......