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Would you buy an Illinois lottery ticket?

Old 09-01-2015, 02:56 AM
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Default Would you buy an Illinois lottery ticket?

The Illinois state lottery isn't paying people who win $25,000 or more this summer. The winners have to wait until the Illinois budget situation gets resolved.

But, don't worry. "The money's in the bank."

http://www.thedailybeast.com/article...money-now.html
Old 09-01-2015, 06:36 AM
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Purchasing a lottery ticket = throwing your money out of a moving car window.
Old 09-01-2015, 07:00 AM
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Originally Posted by spraynet 1 View Post
Purchasing a lottery ticket = throwing your money out of a moving car window.
How so? I won 2 bucks on a scratch off this morning.
Old 09-01-2015, 07:06 AM
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Actually, I think this would set a bad precedent. A state run Ponzi scheme.

Did the state stop selling tickets? no
Did the state stop demanding taxes? no
Did the state stop paying employees? no
Did the state stop paying anything but lottery winners? no

I would feel better about getting an RTIC cooler.
Old 09-01-2015, 07:07 AM
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Why would anyone be surprised when governments spend like there's no tomorrow and it comes. Unfortunately when states run out of money they can't just print more and more unfortunately the feds can.
Old 09-01-2015, 07:49 AM
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I looks like the saying comes true. Give away programs,union control of govt. and ass kissing politicians have run out of other peoples money. Wonder how much the skinny socialist is willing to give them? They could raise a little cash if they let all of the ex governors buy there way out of prison.
Old 09-01-2015, 09:16 AM
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I thought lotteries made money for the state and the winnings were just a small percentage of the take although I wouldn't be surprised if Illinois' state government managed to screw that up too.
Old 09-01-2015, 09:22 AM
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Just remember whose home state it is..........
Old 09-01-2015, 09:34 AM
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Originally Posted by HurricaneBK View Post
I thought lotteries made money for the state and the winnings were just a small percentage of the take although I wouldn't be surprised if Illinois' state government managed to screw that up too.
You think correctly, but I'm betting Illinois is spending that money on more critical things, like paying the interest on state-issued bonds. "In the bank"...riiiiiight...
Old 09-01-2015, 10:54 AM
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Wow. If you're going to sell tickets, you damn well better be able to pay when one wins. But why does this not surprise me about Illinois? ;?

One of the things that bugs me about the lottery is how they advertise the jackpots. Like, "This week's drawing is for 10 million." Sure it is, if you want it doled out to you by the state for the next 30 years. Take it all today in cash and you're not going to see half that amount.
Old 09-01-2015, 11:00 AM
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More people riding in the wagon than pulling it.
Old 09-01-2015, 12:34 PM
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When States go broke, that is the first thing to go. I would not buy a ticket in that State.
Old 09-01-2015, 01:14 PM
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An interesting article on state run lotteries. http://metrocosm.com/state-lotteries...dly-dishonest/

I would only add that winners tend to put a meaningful portion of their winnings right back into the state economy. Buying a new house, cars, boats etc. all directly provides revenue through state sales taxes, property taxes and a litany of other smaller taxes on things like vehicle registration and permitting. Indirectly, lottery winners redistribute wealth from lower income families where playing the lottery is more common, to middle and upper income individuals who winners purchase luxury goods from.
Old 09-01-2015, 06:13 PM
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barter for squid

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