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privatizing lotteries and your state

Topic closed. 5 replies. Last post 10 years ago by justxploring.

Page 1 of 1

would you still play if your lottery was sold and then run by a private company?

yes i would still play [ 5 ]  [27.78%]
no i would quit playing [ 4 ]  [22.22%]
not sure [ 9 ]  [50.00%]
Total Valid Votes [ 18 ]  
Discarded Votes [ 0 ]  
LOTTOMIKE's avatar - cash money.jpg
United States
Member #7853
October 15, 2004
11338 Posts
Posted: May 11, 2007, 3:57 am - IP Logged

would you still play if your lottery was sold and then run by a private company?

    JAP69's avatar - alas
    South Carolina
    United States
    Member #6
    November 4, 2001
    8790 Posts
    Posted: May 11, 2007, 5:56 pm - IP Logged

    The problem with state lotteries is that the state projects proceeds and spend before they get it.

    Should be spend after you get it.

    A lot of the infrastructure in this country is up for sale or has been sold. Politicans are afraid to raise taxes to pay for their use.
    They may loose votes DUHHHHHH.
    Also the the states are having difficulty funding these systems with low interest bond sales. No one is buying these bonds like they use too.

    So if they are sold the private companies will raise useage fees instead. Toll roads, sewage and water systems etc.

    Many of the money funds have marked billions of dollars for these investments. Now the private investors will rake in the dough.

    Also the water or sewage system in Atlanta was sold to a private company. The services and maintainance was not up to speed. It was defaulted back to a public owned system to bring it back up to speed.

      United States
      Member #17555
      June 22, 2005
      5582 Posts
      Posted: May 11, 2007, 8:27 pm - IP Logged

      The privates keep the money in their pockets.

      The GOVT. supposedly fixes cracked roads and enlightens our aspiring young folk wit scooling an duh! such....LOL

      It all depends on who you want to give the money to, defintely not the Charmins......LOL

        jarasan's avatar - new patrick.gif
        United States
        Member #44103
        July 30, 2006
        5583 Posts
        Posted: May 11, 2007, 9:45 pm - IP Logged

        If the games don't change I'd keep playing. If they got an "F"  then I'd forget about it.

        ViVa la resistance'!

        Montrose is on sirius buzzsaw!


          United States
          Member #10720
          January 23, 2005
          933 Posts
          Posted: May 11, 2007, 9:56 pm - IP Logged

          I probably would still play if they didn't change the drawings too much or at all, and if they refused to make any of them RNG (WARNING: the PA Treasure Hunt the new one sounds like an RNG game!) also I would play MORE if they would make the ratio more in the players' favor, the 50% takeout means that most people can never win back half what they spent without killer algorithms.

            justxploring's avatar - villiarna
            Wandering Aimlessly
            United States
            Member #25360
            November 5, 2005
            4461 Posts
            Posted: May 12, 2007, 4:42 am - IP Logged

            As others have written, it would depend on the changes, if any.  I don't want to see computerized drawings or higher odds.  A successful business does need to be run by people who know how to run one, and the lottery is definitely a huge business.  So I guess it depends on how "private" it really is.

            One reason I look at privatization a bit negatively is from personal experience when I sold insurance to seniors. I saw the Good, the Bad and the Ugly. Recently many government run programs have had been leaning toward some form of privatization and they often hurt the general public more than help them, depending on your tax bracket and personal needs. The BIG difference is that the Lottery is a choice, so we can simply stop playing. Without getting into a long, boring discussion, one example of privatization is some of the new Medicare programs where private owners decide what to approve or not approve and design plans that are often deceptive. However, many offer excellent benefits. Another is private Health Insurance which has become a financial burden on the average breadwinner. People of means can afford the best Major Medical plans and benefit from the tax advantages of investing in a Health Savings Accounts.  As many people know, Managed Care (like HMOs) has been around for many years and some plans are great, but a bad one can make decisions that hurt people (and kill them) when profit and greed come before people. 

            So am I just going off on a tangent here or can this be related to the Lottery?  I know that, since it is a choice, any private company running a lottery will do its best to attract more players, right?  The lottery isn't a life or death situation, although some people on this board might disagree!!  So a private corporation would be different from a health care company that seeks out healthy people and punishes those who are ill.   As long as the funds continue to be allocated to programs that help the citizens of the state, maybe it would not be such a bad idea.

            In brief, I answered "Not sure."