Exactly. Then, if for whatever reason costs go up or proceeds go down, what do they do? More lottery commercials. More lottery types. Try and market it better. Very quickly, the lottery becomes as sacred as education. And who is being marketed to? Who is generating these funds? The desperate. The ignorant. The poor.
I see this being like casinos, tax revenue being offset by the money spent to take care of degenerates and their families. Not against it by any means, but from being in CT with 2 of the nation's biggest casinos, I doubt the checks sent to the state offset the squalor that grew in Eastern Connecticut. This board seems to be overall similar in mindset to me, spend 4 loose dollars on a Powerball ticket when I get gas, lay some cash on a game here and there. There's a huge part of the population that will bet the last square of toilet paper if it means getting action. So in effect the state is taking money and handing it out to the same folks
In colorado, by law the gov can't have a surplus. Any funds that aren't spent are given back to residents as a rebate. That ends up ensuring deficits, since good years can't exist to balance the lean ones, but at least everyone reaps any benefit
This is actually a huge win for the 10th amendment. It will be interesting to see if the push for legalizing weed goes at it from that direction.
One of best friends parents owned a full service gas station. They’d pumped the gas and quite a few would give them a dollar or two tip. They’d then buy scratch off tickets with it. They hit quite a bit on it but they had a little system.
Most people would scratch them off in store. They’d try to keep up with it if a roll had went awhile without a winner and would buy from it after so many without winning.
Won more than they lost, meaning what? I'm guessing they bought far more tix than they think, since they weren't pocketing the tips at all
I buy tickets from time to time. I haven't yet this year... It's a tax on the foolish. I know this, but I look at it as a license to talk about the winnings.
I had a guy who worked for me that was convinced he'd found a system with the serial numbers of the tickets. He was always broke of course. Although I saw him win $500 and $250 on and proceed to lose it all on the same lunch break. That's my qualm with state run gaming, the taxpayers will be on the hook for the poverty created by degenerates.
Problem with that is that there can be multiple winners, so your expected return is still probably negative
