[General] Lotto Run?

[Matthew H]

Can you call it a tax when it isn't mandatory? Don't think so... I
really hate the "The lotto is a tax on the poor" bullshit.

On Thu, Mar 29, 2012 at 7:55 AM, Jake McArthur <jake.mcarthur at gmail.com> wrote:
> State lotteries have negative expectancy. Always. If they didn't, there
> would be no reason for the states to have lotteries. They aren't charities.
> They are taxes on people who can't do the math or who don't read the rules.
>
> On Mar 29, 2012 6:19 AM, "David" <ainut at knology.net> wrote:
>>
>> BUT, if other people also had the winning numbers, they all split it,
>> AIUI.
>>
>>
>>
>> Devin Boyer wrote:
>>
>> "A jackpot-winning ticket must match all five numbers drawn from a pot
>> containing 56 balls and then match the Mega Ball, which is drawn from a pot
>> containing 46 numbers. Odds of winning are almost 176 million to 1. Each
>> ticket costs $1."
>>
>> If I'm reading this right (too lazy to crunch the numbers) for $176
>> million, you can buy one of every ticket.  Because "Friday's $476 million
>> prize is payable as an annuity over 26 years," it seems like it would make
>> for a decent return-on-investment.
>>
>> If only I had the $176 million...
>>
>> On Wed, Mar 28, 2012 at 8:22 AM, Wayne Neumaier <wneumaier at gmail.com>
>> wrote:
>>>
>>> Any plans for a ticket run up to Tennessee?
>>>
>>>
>>> http://news.blogs.cnn.com/2012/03/28/mega-millions-jackpot-hits-record-476-million/?hpt=hp_t3
>>>
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>> everywhere else.  In fact, gubmnt,I insist upon it.
>>
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