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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (3555)	1/30/2006 4:01:47 PM
From: Peter Dierks	Read Replies (3) \| Respond to of 71588

"The big winners in the state lottery scam are the companies that produce the lotteries." Companies definitely benefit. State governments who run the lotteries are the big winners. A typical lottery might pay out 35 cents of every dollar. That is without netting the taxes collected on the "winnings" back. Depending on the tax rate in the state that could take 10% of the "winnings" or more. If you read an analysts report for a company and they said there was 99% chance you would lose all of your "investment and a .05% chance it would be worth a lot more soon, would you invest? Gamblers might; being partly a stock gambler, I can tell you that those are not my kind of odds.