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THRIFTY

100

NEW YORK
United States
Member #90,531
April 29, 2010
13,282 Posts
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Oct 2, 2014, 4:09 pm

"We don't need more gambling. The market is saturated. - Why doesn't someone build a steel plant or glass factory?

....heading to the same ending as the Roman Empire. Pity, really.

Don't worry about market saturation. Like Atlantic City as Americans savings and earnings dwindle the rake becomes less and less until finally the gamblers have no money left and the casinos close down. The same will happen with lotteries as more and more Americans go broke less and less money will be spent on lotteries and they will gradually fade away. This is why they keep creating new lotteries the politicians haven't scraped all America's savings into their hands, but that day is coming close. You'll know it is at hand when government agencies do like big business and start eliminating full time jobs and start hiring part timers who don't get health or retirement benefits." By Unknown Authors.
onlymoney

United States
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June 2, 2012
5,427 Posts
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Oct 2, 2014, 4:32 pm

I agree somewhat. False dreams being sold to the masses is so sad. People by the millions who spend anywhere from 20 to 100 a week or more actually believing they will win a major JP one day.

Can you imagine the billions saved a year if people stop fooling themselves. Hundreds of thousands or even more living their daily lives wringing their hands while waiting for the next PB drawing.

I know there will be some who will use the same old tired response of not spending money on beer and cigarettes, but it's just their selfish way of justifying something that only has a 0.1% chance of happening in their lifetime.

Playing a buck or two just for fun makes sense, but you'd have to be deluded to think you KNOW FOR SURE you're going to win a major JP eventually. I'm just lucky I personally don't know anyone close to me who thinks that way because I'd be in fear of my personal safety. I say this because their delusions could easily affect their non-lottery related activities which could directly affect me. I would definitely not get into a car with those people, they may think they know FOR SURE they'd beat that red light, or some other dangerous event.
SergeM

Economy class
Belgium
Member #123,694
February 27, 2012
4,035 Posts
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Oct 2, 2014, 6:10 pm

Quote: Originally posted by THRIFTY on Oct 2, 2014
"We don't need more gambling. The market is saturated. - Why doesn't someone build a steel plant or glass factory?

....heading to the same ending as the Roman Empire. Pity, really.

Don't worry about market saturation. Like Atlantic City as Americans savings and earnings dwindle the rake becomes less and less until finally the gamblers have no money left and the casinos close down. The same will happen with lotteries as more and more Americans go broke less and less money will be spent on lotteries and they will gradually fade away. This is why they keep creating new lotteries the politicians haven't scraped all America's savings into their hands, but that day is coming close. You'll know it is at hand when government agencies do like big business and start eliminating full time jobs and start hiring part timers who don't get health or retirement benefits." By Unknown Authors.

If all the money pumped into destruction would have been used for construction, life would be cheaper. If the rich people would not pile up their money, if addicts wouldn't give their money to dealers, if ... .
Stack47

Kentucky
United States
Member #32,651
February 14, 2006
10,301 Posts
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Oct 2, 2014, 7:59 pm

Quote: Originally posted by THRIFTY on Oct 2, 2014
"We don't need more gambling. The market is saturated. - Why doesn't someone build a steel plant or glass factory?

....heading to the same ending as the Roman Empire. Pity, really.

Don't worry about market saturation. Like Atlantic City as Americans savings and earnings dwindle the rake becomes less and less until finally the gamblers have no money left and the casinos close down. The same will happen with lotteries as more and more Americans go broke less and less money will be spent on lotteries and they will gradually fade away. This is why they keep creating new lotteries the politicians haven't scraped all America's savings into their hands, but that day is coming close. You'll know it is at hand when government agencies do like big business and start eliminating full time jobs and start hiring part timers who don't get health or retirement benefits." By Unknown Authors.

If gambling was something new, I'd be more inclined to agree with you, but today's gambling is just a restructuring of older forms of gambling. Jack Dempsey bet his entire purse of $27,000 he would knock out Jess Willard in the first round in their 1919 title fight. That year betting on baseball was so common several ball players were banned for fixing games including 8 members of the Chicago White Sox who fixed World Series games.

The Atlantic City casino problems can blame Pennsylvania for passing casino gambling legislation and they did have an nice 40 year ride. Vegas depends on the general economy and felt the effect of eastern casinos years ago and now it's business as usual for most corporations.

I saw someone today purchase a $10 scratch-off using an EBT card and the clerk said the rules on what can be purchased changed and now includes cigarettes too. American gambling is alive and well!
onlymoney

United States
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June 2, 2012
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Oct 2, 2014, 11:02 pm

Quote: Originally posted by Stack47 on Oct 2, 2014
If gambling was something new, I'd be more inclined to agree with you, but today's gambling is just a restructuring of older forms of gambling. Jack Dempsey bet his entire purse of $27,000 he would knock out Jess Willard in the first round in their 1919 title fight. That year betting on baseball was so common several ball players were banned for fixing games including 8 members of the Chicago White Sox who fixed World Series games.

The Atlantic City casino problems can blame Pennsylvania for passing casino gambling legislation and they did have an nice 40 year ride. Vegas depends on the general economy and felt the effect of eastern casinos years ago and now it's business as usual for most corporations.

I saw someone today purchase a $10 scratch-off using an EBT card and the clerk said the rules on what can be purchased changed and now includes cigarettes too. American gambling is alive and well!

"If gambling was something new, I'd be more inclined to agree with you"

True, but it's mine and many others' views that believe the computer industry has experienced an exponential growth of information from it's inception till present, and growing ever more, allowing for radical changes to blossom faster than normal. Things can get out of hand very quickly.

No longer do we have to wait for a horse to deliver our mail. We're practically communicating in real time.

Game changer.
Stack47

Kentucky
United States
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February 14, 2006
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Oct 3, 2014, 1:37 pm

Quote: Originally posted by onlymoney on Oct 2, 2014
"If gambling was something new, I'd be more inclined to agree with you"

True, but it's mine and many others' views that believe the computer industry has experienced an exponential growth of information from it's inception till present, and growing ever more, allowing for radical changes to blossom faster than normal. Things can get out of hand very quickly.

No longer do we have to wait for a horse to deliver our mail. We're practically communicating in real time.

Game changer.

Americans can now gamble using their phones, but there are now less places to gamble online than there were in 2006 because of the Unlawful Internet Gambling Enforcement Act. Internet banking is nothing new and ATMs were probably a very large factor in casino resort area growth. Net banks were created so people could transfer and deposit funds to gamble with. I personally knew several people who could play online Bingo 24/7 for a nickel a card before 2006.

If anything, U.S. online poker is still on the ground floor and nothing compared to what it was up until April 15 (Black Friday) 2011. Only the states of New Jersey, Nevada, and Delaware have legal online poker though Delaware and Nevada have an agreement where players in both states can play in the other. It's obvious with note pads and I-phones, online gambling is much easier, but they still need sites to play.
pickone4me

Wisconsin
United States
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January 23, 2011
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Oct 4, 2014, 10:03 am

If they keep on handing out wins to california, and the same places consistently, they will lose players.
RJOh

100

mid-Ohio
United States
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March 24, 2001
20,272 Posts
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Oct 4, 2014, 12:01 pm

Quote: Originally posted by pickone4me on Oct 4, 2014
If they keep on handing out wins to california, and the same places consistently, they will lose players.

If they keep on handing out wins to California..................................,

Who are they?

* you don't need to buy every combination, just the winning ones *
pickone4me

Wisconsin
United States
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January 23, 2011
1,153 Posts
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Oct 4, 2014, 12:57 pm

Quote: Originally posted by RJOh on Oct 4, 2014
If they keep on handing out wins to California..................................,

Who are they?

Whomever is running things.
eddessaknight

LAS VEGAS
United States
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November 22, 2006
9,356 Posts
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Oct 4, 2014, 9:33 pm
Quote: Originally posted by Stack47 on Oct 3, 2014
Americans can now gamble using their phones, but there are now less places to gamble online than there were in 2006 because of the Unlawful Internet Gambling Enforcement Act. Internet banking is nothing new and ATMs were probably a very large factor in casino resort area growth. Net banks were created so people could transfer and deposit funds to gamble with. I personally knew several people who could play online Bingo 24/7 for a nickel a card before 2006.

If anything, U.S. online poker is still on the ground floor and nothing compared to what it was up until April 15 (Black Friday) 2011. Only the states of New Jersey, Nevada, and Delaware have legal online poker though Delaware and Nevada have an agreement where players in both states can play in the other. It's obvious with note pads and I-phones, online gambling is much easier, but they still need sites to play.
Many good points being made here by poster worth consideration & as our Stack says advancing technology is having an impact.

Last week was the annual G3E Global Gaming & Conference non retail Trade show held 2 the Sands Convention Center, Las Vegas;

the who's who captains & buyers of international gaming industry attending.

Aside of seeing the Ms Lynda Carter of past Wonder Woman fame - she L@@KEd great with her two new intro slots

Some oversimplified index observations;
1. show attendance is down
2. exhibitors & conferences down
3. Indian casino participation down
4. purchase orders of new or replacement casino equipment down
5. cruise line biz up but gaming % down
6. enthusiasm outlook reduced
Aside of the drastically reduced Atlantic City operations, Vegas Convention Center & McCarran Airport report increased visitor volume but conversely overall gaming revenue down. Most main line casino corp shareholder quarterly reporting profit for general revenue but all individual main street casinos are individually are in red monthly - odd shore casino holdings Macau & Singapore are ahead but still dropping in total earning.

Optimism is high for future domestic & foreign investment growth & plans being made to entice the new millennial growth groups to gambling and the prospects, pressure & publicity for on line & or electronic gaming continues.

Gambling as part of human nature, isn't going to shut down but there is a net slowdown being affected by other outside factors other then then just recession. Just one man's short but sincere pulse take on some current factors

Fortes Fortuna Juvat

Eddessa-Knight
noise-gate

* In hot pursuit of $ *

White Shores- California
United States
Member #136,471
December 12, 2012
7,039 Posts
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Oct 4, 2014, 10:11 pm

Saying Americans will give up gambling is like saying even though this country attempts to enforce Peace Worldwide- it will quit making Bombs.

The more poor people we have the greater the risk of those same people taking up Gambling, what a novel idea you have going for you there Thrift.
Tialuvslotto

Texas
United States
Member #150,790
December 31, 2013
824 Posts
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Oct 5, 2014, 7:09 am

Quote: Originally posted by noise-gate on Oct 4, 2014
Saying Americans will give up gambling is like saying even though this country attempts to enforce Peace Worldwide- it will quit making Bombs.

The more poor people we have the greater the risk of those same people taking up Gambling, what a novel idea you have going for you there Thrift.

"The more poor people we have the greater the risk of those same people taking up Gambling, what a novel idea you have going for you there Thrift."

One of the scariest statistics in recent employment reports is the ever-rising number of people who have dropped out of the labor force. These are folks who find that the "recovering" economy no longer has a job to offer them. Many have been replaced by more cost-efficient solutions: off-shore workers, robots, software applications, etc.

For these folks, what alternatives exist to improving their circumstances? A lottery ticket and a bottle of Jack may seem like the only way to hang on to a little piece of the American Dream. So, it doesn't seem like the lottery will be going away anytime soon.

"There is no such thing as luck; only adequate or inadequate preparation to cope with a statistical universe."

~Robert A. Heinlein
CARBOB

COLUMBUS,GA.
United States
Member #4,924
June 3, 2004
6,719 Posts
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Oct 5, 2014, 7:53 am

Quote: Originally posted by Stack47 on Oct 2, 2014
If gambling was something new, I'd be more inclined to agree with you, but today's gambling is just a restructuring of older forms of gambling. Jack Dempsey bet his entire purse of $27,000 he would knock out Jess Willard in the first round in their 1919 title fight. That year betting on baseball was so common several ball players were banned for fixing games including 8 members of the Chicago White Sox who fixed World Series games.

The Atlantic City casino problems can blame Pennsylvania for passing casino gambling legislation and they did have an nice 40 year ride. Vegas depends on the general economy and felt the effect of eastern casinos years ago and now it's business as usual for most corporations.

I saw someone today purchase a $10 scratch-off using an EBT card and the clerk said the rules on what can be purchased changed and now includes cigarettes too. American gambling is alive and well!

Stack, are you sure about the use of a EBT card? Was the clerk, Black or White? Before anyone jumps up and screams , "Racist", think about this. Once, I stopped at a quik stop to turn my tickets in, but I had to use the ATM. The ATM wasn't working and the clerk, (one of the Patel brothers) told me I could use a credit card, which is a no-no in Florida. All the receipt had on it was gas and the amount. My point is, the clerk could have known the buyer. I can not believe any state would allow the purchasing of lottery tickets. Gambling, like cigarettes and booze will never go away. If I ever seen this happen, I would get the store manager, because it's fraud on the tax payers. I have experienced the same homeless person in out side of a Publix store trying to get people to buy his food stamps. I reported him to the store manager. Haven't seen him in a couple of months.
Romancandle

Upacreek
United States
Member #136,300
December 8, 2012
432 Posts
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Oct 5, 2014, 8:08 am

Quote: Originally posted by pickone4me on Oct 4, 2014
Whomever is running things.

Looks like Wisconsin may be joining the new Monopoly game the same time California does...

-RC
pickone4me

Wisconsin
United States
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January 23, 2011
1,153 Posts
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Oct 5, 2014, 10:52 am

Quote: Originally posted by Romancandle on Oct 5, 2014
Looks like Wisconsin may be joining the new Monopoly game the same time California does...

I won't be playing it. Jokes on them

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