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Nevada Lottery

Topic closed. 19 replies. Last post 10 years ago by Coin Toss.

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Delaware
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Posted: October 4, 2006, 11:03 pm - IP Logged

I recall reading somewhere that some private company in Nevada runs a lottery statewide. Does anyone know about this or am I imagining something?

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    Posted: October 4, 2006, 11:22 pm - IP Logged

    I recall reading somewhere that some private company in Nevada runs a lottery statewide. Does anyone know about this or am I imagining something?

    The closest thing Nevada has to a lottery is the Nevada Numbers game. And seeing that it's only played in casinos, I don't think it qualifies as a "lottery" in the normal sense of the word.

    (insert signature here)

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
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      Posted: October 4, 2006, 11:41 pm - IP Logged

      The Mega-Millions slot machines were suppossed to be the answer to any Nevada 'lottery'.

      They're all linked together so when anyone in any participating casino plays one, the progressive jackpot meter advances.

       When they first put them in, it was weird seeing the meters advance at 3 a.m. without anyone near a slot machine. 

      If I remember right, every $1.25 advanced the jackpot $.01.

        Badger's avatar - adu50016 NorthAmericanBadger.jpg
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        Posted: October 5, 2006, 8:04 am - IP Logged

        I recall reading somewhere that some private company in Nevada runs a lottery statewide. Does anyone know about this or am I imagining something?

        I don't see how Nevada wopuld ever have a lottery. THe idea of having a lottery is for the state to make money from it.  Nevada has no need for that, since they get so much money from the taxing of the casinos.  That is why Nevada has no state income tax on its citizens. It already has the "golden goose" aka the casinos.

        It's America. Therefore, its all about the money. That's the American Way.

        ============

        How can you tell if a politician is lying?

        Answer: His lips are moving.

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          Delaware
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          Posted: October 5, 2006, 10:26 am - IP Logged

          It still surprises me that Nevada casinos don't want to sell Powerball. All that would be is more money for them.

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            Honduras
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            Posted: October 5, 2006, 11:37 am - IP Logged

            a lottery in nevada sure will be nice...Something like Win for Life or something...I am sure folks upthere will be happy...With a lottery it will surely make it the gambling region of the world...And yes, the progressive jackpot in the slots are just like a lottery...But i think that if Nevada had a lottery, LP would be more crowded, because all those gambling fanatics will end up here...Have you all seen on Tv the case of guys trying to break Las Vegas? I am sure there will be ones for lottery, and they will end up here seeking information...

             

             

            "...Laura Simpson from Great Lakes, Illinois, deserves to be rich..."....          "She is so rare..."

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              A long and winding road
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              Posted: October 5, 2006, 8:17 pm - IP Logged

              It still surprises me that Nevada casinos don't want to sell Powerball. All that would be is more money for them.

              Its true that most states that are involved in MUSL do gain overall profits. Casinos though would only get less then 2% as the seller. Casinos have a higher margin for the games in house. In essence why lower their gain just for the 2%? Its not worth it from a revenue stand point. Nevada has its pockets lined by the gambling industry no one would dare to trade the silver spoon for chop sticks.

              ~~Is it true, Is it kind,Is it necessary. ~~~

               Thanks be to the giving numbers: 1621,912,119 02014

                Badger's avatar - adu50016 NorthAmericanBadger.jpg
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                Posted: October 5, 2006, 8:19 pm - IP Logged

                It still surprises me that Nevada casinos don't want to sell Powerball. All that would be is more money for them.

                The way I understand it though, Powerbll sellers getting NOTHING from selling a losing ticket. And they only get a stipend if they sell a jackpt winner.

                The profit to the casinos in selling a jackpot winner is going to be very seldom  (remember the odds don't change just because you're a casino) And ever dollar that buys a Powerball ticket from a casino is one LESS dollar that goes into a slot machine. And the slots are where every casino REALLY rakes in the dough ! They can afford to return 90-plus cents on every dollar that goes into a slot, and still makes MILLIONS and MILLIONS each month. Slots can gobble up money FAST !

                ============

                How can you tell if a politician is lying?

                Answer: His lips are moving.

                  st.germain's avatar - Tarlor
                  chicago ill.
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                  Posted: October 6, 2006, 1:40 am - IP Logged

                  I have a friend who is a manager at one of the casino's there and he says that the state of nevada absolutely do not want a lottery in their state.

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
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                    Posted: October 6, 2006, 1:58 am - IP Logged

                    I have a friend who is a manager at one of the casino's there and he says that the state of nevada absolutely do not want a lottery in their state.

                     Yeah, this is true...and really tunnel vision on their part.

                    Many of the river boat casinos in the Midwest and South are owned by  Nevada (and Atlantic City) companies. The boats do well, the states the boats are in with lotteires do well.

                    I don't think a lottery is any threat to the casinos - it's been mentioned in tis thread that every dollar spent on lotto isn't spent on a slot.  

                    The slots would still get their fair share, they always do....a lot of pyaers want to hit a buttoin on a machine and find out if they won right now, not wait for a drawing. Only die-hard lotto players would play a Nevada lottery, but it should be offered to them to be played.

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                      Posted: October 6, 2006, 11:35 am - IP Logged
                        Badger's avatar - adu50016 NorthAmericanBadger.jpg
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                        Posted: October 6, 2006, 9:42 pm - IP Logged

                         Yeah, this is true...and really tunnel vision on their part.

                        Many of the river boat casinos in the Midwest and South are owned by  Nevada (and Atlantic City) companies. The boats do well, the states the boats are in with lotteires do well.

                        I don't think a lottery is any threat to the casinos - it's been mentioned in tis thread that every dollar spent on lotto isn't spent on a slot.  

                        The slots would still get their fair share, they always do....a lot of pyaers want to hit a buttoin on a machine and find out if they won right now, not wait for a drawing. Only die-hard lotto players would play a Nevada lottery, but it should be offered to them to be played.

                        But how many diehard lottery players are there in Nevada?  You can bet that the casinos have checked that out, and discovered that there aren't enough of them to make anything but a small profit if they offered lotteries. And the casino and gambling industry is all about making HUGE profits, not small ones.  Like any business, if you already have all the customers you can handle and are making 78% on those as profit, why would you bother to woo a small number of customers that you can only make 20% profit (just picking numbers here) from? If you want to add customers under these circumstances, you want to add more of the 78% profit margin.

                        IOW when you are already successful, you can afford to be "picky".

                        ============

                        How can you tell if a politician is lying?

                        Answer: His lips are moving.

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                          Posted: October 6, 2006, 10:26 pm - IP Logged

                          But how many diehard lottery players are there in Nevada?  You can bet that the casinos have checked that out, and discovered that there aren't enough of them to make anything but a small profit if they offered lotteries. And the casino and gambling industry is all about making HUGE profits, not small ones.  Like any business, if you already have all the customers you can handle and are making 78% on those as profit, why would you bother to woo a small number of customers that you can only make 20% profit (just picking numbers here) from? If you want to add customers under these circumstances, you want to add more of the 78% profit margin.

                          IOW when you are already successful, you can afford to be "picky".

                          There are plenty of lotto lovers in Nevada. Why else would the Primm Valley Lotto Store on the CA/NV border be the number one lottery retailer in California?

                          (insert signature here)

                            dvdiva's avatar - 8ball

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                            Posted: October 6, 2006, 10:52 pm - IP Logged

                            There are plenty of lotto lovers in Nevada. Why else would the Primm Valley Lotto Store on the CA/NV border be the number one lottery retailer in California?

                            It's about location. If Portland Oregon were close to California then the #1 store could be in a hick store off I-5. As it is Portland or other Population centers are far away from California and the drive from Vegas to California is easy. The #1 store in Oregon is in Rainer Oregon population 500. It also is the closest store from all the population centers in western Washington.

                              Coin Toss's avatar - shape barbed.jpg
                              Zeta Reticuli Star System
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                              Posted: October 7, 2006, 1:02 am - IP Logged


                              "Why else would the Primm Valley Lotto Store on the CA/NV border be the number one lottery retailer in California?"

                               Thanks JimmySand9. I didn't realize that was the number one lottery retailer in California.  

                              Before that place went up, there was a store in a small town called Nipton, about 64 miles from Vegas. Word got out that you could go play the California lottery and people started flocking to the place.

                              When Primm opened I'm sure Nipton died out but it went pretty strong for awhile.