Dave Ramsey has stated lotto is a way for the government to get back some of the welfare money it doles out monthly. Issue is, the revenue from lotto typical goes to organizations that provide a lot of donations to politicians, and special interest groups. Lotto revenue doesn't go back to a government's welfare line of accounting.
I don't think that it is legal to change the odd. Well maybe they can do a better than regulated odds but I do remember the code for the slot machines are regulated.
It is an insult to the mathematically non challenged people. I would be upset and walk away faster if I see a 4c win instead of a lost.Duh, it's called "gambling"
The lotto is a tax on the poor. Heck, I can dream too, but I can also do elementary statistics. I have never bought a lottery ticket. I've played at Christmas parties where they give everyone a ticket. That serves to reinforce my fear of losing. I hate gambling.
I would say that Lotto is a tax on those who are bad at math.
Issue with the lotto is where the revenue goes.
Really? So if the odds aof winning are 1;350M you won't buy 1 play when the JP is $700M or more?
Perhaps look at the lotto buyer demographics. And from a percentage standpoint, the less advantaged financially spend a higher percentage of their income on the lotto.
That’s just it. Shows what I know about slots… thought you put a quarter in, you win, or you don’t. And if you win you don’t get a fraction of your quarter… the machines don’t give a nickel for some line combo….
Thank you. My wife operates like that. I'm gonna stick my neck out and be the odd man out in this conversation. My wife is disabled, with a Scooter chair, and her quality of life is fragile. She enjoys playing slot machines and we visit Michigan Casinos (all non-smoking) about 6 times a year. While I wrestle with the idea of supporting these businesses, it gives my wife precious entertainment pleasure. We make a day out it, get a meal, sometimes a show. I don't spend a dime, other than an occasional drink (sometimes coffee) while watching a football game, etc. I'm a people watcher and get relaxation, a change of pace, etc. during the visit (yea, I know, odd).
Now, now, the lottery paid a sizeable portion of my kids college...
Would this be more accurate?
Certainly could be. I wonder how much of my income tax went to their welfare. No income tax and I could have paid for many more college degrees. Circular financing deal - Income tax -- welfare -- palmetto scholarship so they can pay more income tax - rinse / repeat.
We would ditch the kids with grandparents and stay on the strip, which turns into dinner and sleeping to get some rest from the kids. I stayed, I think, in every decent hotel on the strip, and it changed a lot over the years. Now, Park MGM is non-smoking. I think several others are too. That is not aimed at retirees from Arkansas who came there to try his/her luck. Airplane tickets? Holy moly. We were in Vegas three times last year, in May, November, and December. We drove all three times. We lowered rent twice last year, as the economy there has been on a downward spiral since last year.That’s just it. Shows what I know about slots… thought you put a quarter in, you win, or you don’t. And if you win you don’t get a fraction of your quarter… the machines don’t give a nickel for some line combo….
Sure, now it’s all electronic and there are more ways to win and all that, but yeah, I was taken aback to see it paying pennies on the 75c spins.
It does seem to be going to the extreme. I’ve never stayed in Vegas. I stay in Henderson. I have gone to some casino buffets and enjoyed them though… I don’t need to pretend to put on airs there.
I would be more inclined to go do skk on me blackjack or whatnot if they had $5 tables. $20? Those obnoxious slot payouts?!? I’m even less inclined to step foot in (other than the buffet or $1.99 margaritas
That’s just it. Shows what I know about slots… thought you put a quarter in, you win, or you don’t. And if you win you don’t get a fraction of your quarter… the machines don’t give a nickel for some line combo….
Sure, now it’s all electronic and there are more ways to win and all that, but yeah, I was taken aback to see it paying pennies on the 75c spins.
It does seem to be going to the extreme. I’ve never stayed in Vegas. I stay in Henderson. I have gone to some casino buffets and enjoyed them though… I don’t need to pretend to put on airs there.
I would be more inclined to go do skk on me blackjack or whatnot if they had $5 tables. $20? Those obnoxious slot payouts?!? I’m even less inclined to step foot in (other than the buffet or $1.99 margaritas
Tell that to my friends grandparents who won $12 million playing Lotto 649. Or another friends parents who won $1 million. One of my mom’s best friends won $250,000. My ex wife had a boyfriend in high school who won $200,000 (and promptly bought his parents a new house back then!). My ex wife’s uncle won $200,000 as well.
