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It’s time that we join over 90% of US states through introducing our own lottery. We desperately need the revenue it generates. Unlike other states, however, the Alabama lottery will operate with transparency and only fund:
Priorities - Sue Bell Cobb for Governor
It’s time that we join over 90% of US states through introducing our own lottery. We desperately need the revenue it generates. Unlike other states, however, the Alabama lottery will operate with transparency and only fund:
Priorities - Sue Bell Cobb for Governor
The best thing about Alabama is I-20 to get the heck out.
For some reason a lot of the old timers, particularly religious folk are adamantly opposed to a lottery. I remember the last time this issue was floated. And these folks acted like we were legalizing prostitution.It’s time that we join over 90% of US states through introducing our own lottery. We desperately need the revenue it generates. Unlike other states, however, the Alabama lottery will operate with transparency and only fund:
Priorities - Sue Bell Cobb for Governor
For most players it’s a mere frivolity, with the minute chance of getting rich. And people do in fact get rich from lottery jackpots. I don’t know of any professional lottery players that try to make a career out of playing the lotto, in the way professional gamblers do with casino games.A very long time ago, I heard a brief news story on the radio. The story was that a convicted felon had won a big prize in Massachusetts' state lottery. He'd bought the ticket after he was convicted, but before he had been sentenced. I had the sense that the announcer reading the story did not grasp the irony, as he stated what the felony was of which this person had been convicted—bookmaking. That is, he had been convicted of a felony, for running a gambling operation.
As far as I am concerned, government-run lotteries are a form of corruption, as long as the same governments who run such lotteries deny law-abiding citizens the right, also, to run gambling operations. Either gambling is a legitimate form of commerce, or else it is not. There is simply no rational way for it to be legitimate for governments to run such operations, but not equally legitimate for private citizens and companies to do likewise. This simply is not an activity that government should be involved in, if that same government will put people in jail for engaging in the same activity.
In any event, state lotteries wind up being, in effect, a tax on stupid people—people who are dumb enough not to understand how they are being ripped off. Any gambling-for-profit operation depends on a certain degree of dishonesty, on the games being skewed against the player, in favor of the house. Where private gambling operations are allowed,they typically have a payback rate somewhere in the 90% to 95% range—that is, statistically, you can expect to win back anywhere from 90¢ to 95¢ for every dollar you bet. That 5¢ to 10¢ that the casino cheats you out of is how it makes its revenue.
State lotteries typically run at a 50% playback rate. They cheat gamblers out of half of their stake. Dumb gamblers, who don't understand the math well enough to realize what a bad deal they are getting.
Taxes are involuntary. Buying lottery tickets is not. I do agree that state lotteries take money from people whose only wish is that they win....and the odds are heavily against them.A very long time ago, I heard a brief news story on the radio. The story was that a convicted felon had won a big prize in Massachusetts' state lottery. He'd bought the ticket after he was convicted, but before he had been sentenced. I had the sense that the announcer reading the story did not grasp the irony, as he stated what the felony was of which this person had been convicted—bookmaking. That is, he had been convicted of a felony, for running a gambling operation.
As far as I am concerned, government-run lotteries are a form of corruption, as long as the same governments who run such lotteries deny law-abiding citizens the right, also, to run gambling operations. Either gambling is a legitimate form of commerce, or else it is not. There is simply no rational way for it to be legitimate for governments to run such operations, but not equally legitimate for private citizens and companies to do likewise. This simply is not an activity that government should be involved in, if that same government will put people in jail for engaging in the same activity.
In any event, state lotteries wind up being, in effect, a tax on stupid people—people who are dumb enough not to understand how they are being ripped off. Any gambling-for-profit operation depends on a certain degree of dishonesty, on the games being skewed against the player, in favor of the house. Where private gambling operations are allowed,they typically have a payback rate somewhere in the 90% to 95% range—that is, statistically, you can expect to win back anywhere from 90¢ to 95¢ for every dollar you bet. That 5¢ to 10¢ that the casino cheats you out of is how it makes its revenue.
State lotteries typically run at a 50% playback rate. They cheat gamblers out of half of their stake. Dumb gamblers, who don't understand the math well enough to realize what a bad deal they are getting.
