I'm not having much luck getting the right thoughts across ... I will explain, first ... I am not interested in the Federal government making any money on this idea ... I'm only interested in players having a chance at winning a large tax free jackpot. I'm thinking with tickets on sale all year ... the jackpot could be enormous.
I'm not interested in bonds or any kind of securities ... I'm interested in a game like El Gordo as was mentioned in my first post.
I could care less if the Feds get any money ... but of course they will since they collect taxes on everything.
So half of the $10 ticket price goes to the Feds, just to make them happy ... so if the Feds are happy then the players get a tax free jackpot at the end of the year.
No stocks, bonds involved ... just a good old El Gordo type game.
I'm not out to raise any money for the government but of course that will happen ... just one nice tax free jackpot in December with many happy winners.
If it would be exactly like El Gordo or something close, I don't know ... someone else would make that decision or put everything together.
People that need to gamble everyday or every few hours will still have the state lotteries for a daily fix ... people that gamble every so often or like large jackpots and can wait it out will have the El Gordo type game once a year.
Well it was just an idea ... the Federal government has run lotteries and raffles before ... even before the country was formed.
President George Washington Autographed Lottery Ticket
Description
This partially-printed page measures 2 7/8" x 1 3/8" and is in fine condition, with some light staining to the top and lower borders. The 1768 Mountain Road lottery ticket reads:
1768. This Ticket [No. 173] shall entitle the Possessor to whatever Prize may happen to be drawn against it's [sic] Number in the Mountain Road Lottery
The document is signed in brown/black ink, Go. Washington. Washington's autograph is particularly fine and demonstrates his flourishing, expressive penmanship. A fine filigree-style border design surrounds the text. Its intricate nature was possibly an attempt to avoid forgeries.
History
In 1768, a lottery was organised to fund road works in the area of Mountain Road. Improvements were needed in order to access the hot springs of Bath County, reputed to have healing properties. Washington acted as manager of the lottery. His signature on the tickets added credibility to the venture.
However, the lottery was never completed, as the British banned all lotteries just as tickets were selling. Perhaps this is the very point at which Washington's dislike of British rule began.
.... there have been other lotteries and raffles connected with the government.
CW