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How an LP major jackpot winner could help lottery players

Topic closed. 18 replies. Last post 10 years ago by Rip Snorter.

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United States
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March 13, 2005
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Posted: June 27, 2006, 8:03 pm - IP Logged

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. 

 

 

Hiding Behind Computerbe vewyvewy quiet, WewHuntingNumbers

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    New Mexico
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    March 10, 2005
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    Posted: June 27, 2006, 8:25 pm - IP Logged

    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. 

     

     

    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 lotteries.  If things are straight, there's no reason for them not to do so.  If they're not, we'd all be happy to help them get them straight without sending anyone to prison.

    But the lotteries, MUSL, even GTech haven't chosen to discuss the issues here.

     So my suspicion is the matter will be discussed and scrutinized in a lot greater detail than we'd be interested in doing here.  I suspect it will be discussed in a lot less friendly environment.

    GTech either has half a trillion bucks in assets, or that was the gross profit for it last year.  5300 employees world wide.  That tells an awfully lot.  They're in the business, not of manufacturing anything, doing anything to accrue labor costs, which is usually the highest cost of doing business.

    GTech is in the business of making money.  Period.

    All this has probably just been overlooked because the money's all grease.  Nobody had to work for it, except maybe wining and dining and high-rolling people who make decisions.

    People tend to get indignant about that sort of thing, when they learn that's the kind of places 50 cents on every dollar of the big jackpot multi-state lotteries goes when it waves bye at the state line.

    I'm in favor of lotteries and lottery play.  I dislike people who would keep me from playing, such as all those fundamentalists in NC, and the others in that coallition over there fighting the lotteries.

    But theft, deceptive trade practices and corruption gall me more.  A person sometimes has to take allies wherever he can find them.

    It won't be long before there's another lottery debate going on somewhere.  It won't be long before some other state debates over whether they ought to send 50 cents on every dollar into Scrooge McDuckville.

    Next time around the debaters will have more information than they had in NC

    J

     

    Absorb the good, ignore the bad, weigh the ugly.

    It's about number behavior.

    Egos don't count.

     

    Dedicated to the memory of Big Loooser

     

      we;reallwinners's avatar - praying hands.jpg

      United States
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      Posted: June 27, 2006, 8:53 pm - IP Logged

      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.....

      Hiding Behind Computerbe vewyvewy quiet, WewHuntingNumbers

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        New Mexico
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        Posted: June 28, 2006, 1:32 pm - IP Logged

        Might be. 

        Good luck

        J

        Absorb the good, ignore the bad, weigh the ugly.

        It's about number behavior.

        Egos don't count.

         

        Dedicated to the memory of Big Loooser