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Why don't we have a federal national lottery in the US?

Topic closed. 23 replies. Last post 7 months ago by Kingofearth.

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LiveInGreenBay's avatar - driver
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Posted: April 27, 2016, 4:27 pm - IP Logged

Seems like a no-brainer.  Have a national lottery where the proceeds are used 100% to pay down the national debt which is approaching 20 trillion dollars?  The jackpot would make powerball look like pick 3.  US Flag

Never give up.  Banana

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    Ohio
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    Posted: April 27, 2016, 4:31 pm - IP Logged

    Seems like a no-brainer.  Have a national lottery where the proceeds are used 100% to pay down the national debt which is approaching 20 trillion dollars?  The jackpot would make powerball look like pick 3.  US Flag

    Wow great idea. You should run for office. You have my vote.

      LiveInGreenBay's avatar - driver
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      Posted: April 27, 2016, 4:32 pm - IP Logged

      Wow great idea. You should run for office. You have my vote.

      Thanks buddy but Trump has MY vote.

      Never give up.  Banana

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        Posted: April 27, 2016, 6:18 pm - IP Logged

        Would that be a government run lottery?  If so,  I don't think many people would play it.

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          Zeta Reticuli Star System
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          Posted: April 27, 2016, 7:50 pm - IP Logged

          Not likely to happen as long as there are still states with no lottery.

          Bang Head

          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

          Lep

          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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            Kentucky
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            Posted: April 27, 2016, 9:08 pm - IP Logged

            Seems like a no-brainer.  Have a national lottery where the proceeds are used 100% to pay down the national debt which is approaching 20 trillion dollars?  The jackpot would make powerball look like pick 3.  US Flag

            Considering the problems many of the states had with opposition in creating state lotteries and today's political climate, it's doubtful we'll see a National Lottery any time soon. Lots of those states created an illusion a lottery could solve educational and other problems and saying a National lottery could even put a dent into the deficit is much bigger illusion.

            But who knows, it could happen.

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              Posted: April 28, 2016, 1:48 am - IP Logged

              Seems like a no-brainer.  Have a national lottery where the proceeds are used 100% to pay down the national debt which is approaching 20 trillion dollars?  The jackpot would make powerball look like pick 3.  US Flag

              Let's imagine that the number of people who could play PB increased by 5%. How much bigger do you suppose the jackpots would get, and how fast would it happen, based on the possible odds?

                haymaker's avatar - Lottery-012.jpg
                Egg Harbor twp.south Jersey shore
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                Posted: April 28, 2016, 11:20 am - IP Logged

                Seems like a no-brainer.  Have a national lottery where the proceeds are used 100% to pay down the national debt which is approaching 20 trillion dollars?  The jackpot would make powerball look like pick 3.  US Flag

                They already collect 40% of every win, without doing anything for it.

                If they cared about the national debt they could stop giving money to countries that hate us.

                Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                  Raven62's avatar - binary
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                  Posted: April 28, 2016, 11:28 am - IP Logged

                  Let's imagine that the number of people who could play PB increased by 5%. How much bigger do you suppose the jackpots would get, and how fast would it happen, based on the possible odds?

                  Approximately 4,043,978 people turn 18 each year.

                  A mind once stretched by a new idea never returns to its original dimensions!

                    MaximumMillions's avatar - Lottery-013.jpg

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                    Posted: April 28, 2016, 3:02 pm - IP Logged

                    At 70B$ a year that would take some loooong time to cancel out the debt. And seeing how for example Reagan tripled debt in 8 years, any progress could be wiped out by a few unforeseen events or poor choices by Washington.

                      LiveInGreenBay's avatar - driver
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                      Posted: April 28, 2016, 4:34 pm - IP Logged

                      At 70B$ a year that would take some loooong time to cancel out the debt. And seeing how for example Reagan tripled debt in 8 years, any progress could be wiped out by a few unforeseen events or poor choices by Washington.

                      Hey Max, not get too far off subject but...Reagan had to rebuild the military decimated by Carter.  On the other hand, obama doubled the debt for no reason at all.  What good did the stimulus do?  Not a thing for anyone other than political friends and failed "green" projects run by democrat donors. 

                      Yea, maybe its not a good idea for the federal government to have a national lottery.  They just seem to screw things up.

                      Never give up.  Banana

                        Bondi Junction
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                        Posted: April 28, 2016, 4:50 pm - IP Logged

                        Washington should copy El Gordo, the 'Fat One', lottery in Spain. It is Spain’s annual Christmas lottery. It raises billions in Spain, a similar Christmas lottery in the US, could raise much more.


                        It has been estimated that 75 per cent of adult Spaniards play the Christmas lottery and the state company which organises The Fat One reckons that this year each Spaniard will spend an average of €62.72 on tickets, with the amount of tickets on sale reaching a value of €3.2 billion.

                        We all get a lot out of lotteries!

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                          Kentucky
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                          Posted: April 28, 2016, 7:43 pm - IP Logged

                          Washington should copy El Gordo, the 'Fat One', lottery in Spain. It is Spain’s annual Christmas lottery. It raises billions in Spain, a similar Christmas lottery in the US, could raise much more.


                          It has been estimated that 75 per cent of adult Spaniards play the Christmas lottery and the state company which organises The Fat One reckons that this year each Spaniard will spend an average of €62.72 on tickets, with the amount of tickets on sale reaching a value of €3.2 billion.

                          Several LP members say they get at least one ticket for every PB and MM drawings which is four times the amount Spaniards spend on one drawing. In 2014 U.S. players spent an equivalent of 3.6 billion euros just playing PB. I guess it depends on if the majority of players want to have 108 chances a year of winning a life changing jackpot or just one chance.

                          That's the real no-brainer.

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                            Posted: April 28, 2016, 7:59 pm - IP Logged

                            Several LP members say they get at least one ticket for every PB and MM drawings which is four times the amount Spaniards spend on one drawing. In 2014 U.S. players spent an equivalent of 3.6 billion euros just playing PB. I guess it depends on if the majority of players want to have 108 chances a year of winning a life changing jackpot or just one chance.

                            That's the real no-brainer.

                            Yeah.

                            Think I'm in on the 104 chances for MM and 104 chances for PB, and 104 chances for Texas Lotto, AND 104 chances for Texas 2 Step.

                            That adds up to 416 shots.

                            Not to mention the other games such as All or Nothing, Pick 4, Cash 5, and scratchers.

                            CAN'T WIN IF YOU'RE NOT IN

                            A DOLLAR AND A DREAM (OR $2)

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                              Kentucky
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                              Posted: April 28, 2016, 8:03 pm - IP Logged

                              Hey Max, not get too far off subject but...Reagan had to rebuild the military decimated by Carter.  On the other hand, obama doubled the debt for no reason at all.  What good did the stimulus do?  Not a thing for anyone other than political friends and failed "green" projects run by democrat donors. 

                              Yea, maybe its not a good idea for the federal government to have a national lottery.  They just seem to screw things up.

                              Just the other day I said it wouldn't be long before politics began appearing in lottery topics this election cycle.

                              For the record the total U.S. lottery sales is about $70 billion a year and about 40% of that is returned to the players. If your National Lottery matched those figures, you'll get about $42 billion or 0.2% to contribution to the deficit.