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Government grabs Powerball cash

Topic closed. 2 replies. Last post 10 years ago by JimmySand9.

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Australia
Member #17096
June 11, 2005
225 Posts
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Posted: November 25, 2006, 5:57 am - IP Logged

THE State Government has gouged more than $2 million from NSW lottery punters in a brazen cash grab to boost Treasury coffers.

The Government secretly cut the prizemoney pool for Powerball by 1 per cent in a move quietly gazetted earlier this month.

From now on, people who win on Powerball will share in just 56.5 per cent of the prize pool instead of 57.5 per cent.

http://www.news.com.au/dailytelegraph/story/0,22049,20817182-5001021,00.html


    Australia
    Member #17096
    June 11, 2005
    225 Posts
    Offline
    Posted: November 25, 2006, 6:10 am - IP Logged

    Have Your Say

     

    Yet another slug against the "battlers", sorry voters of New South Wales. Everyone should remember the greed of the Iemma government around March next year. If elected, I wonder will Peter Dednam have the balls to reverse any of these un-Australian "cash grabs"! I don't think so, after all he's a politician too!

    Posted by: Gary Mansfield of New South Wales 5:10pm today

    The ads for buying the powerball lotto should be changed to read:' dreams come true-only for the Govenment...'

    Posted by: Gogi Sharma of Sydney 4:44pm today

     

    http://www.news.com.au/dailytelegraph/story/0,22049,20817182-5001021,00.html

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      United States
      Member #1826
      July 11, 2003
      2645 Posts
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      Posted: November 25, 2006, 8:41 am - IP Logged

      THE State Government has gouged more than $2 million from NSW lottery punters in a brazen cash grab to boost Treasury coffers.

      The Government secretly cut the prizemoney pool for Powerball by 1 per cent in a move quietly gazetted earlier this month.

      From now on, people who win on Powerball will share in just 56.5 per cent of the prize pool instead of 57.5 per cent.

      http://www.news.com.au/dailytelegraph/story/0,22049,20817182-5001021,00.html

      At least the Australian media isn't afraid to expose their lottery's practices.

      (insert signature here)