Big Jackpot Lottery Tickets

Government run lotteries are the only voluntary tax.

Is a tax only for idiot

The Powerball lottery is an NGO.

2023 sales over $117 billion.

Half of total sales is reserved for payouts.

The other half?

The usual charity and NGO expenditures:

Costs:
Salaries
Equipment
Advertising
Administration
Vendor commissions
Etc.

Their net profit margin in 2023 was -371% (that is negative 371%)

Their net profit margin has been in the negative since inception. Even reached -1500% several years.

Any other company would have been out of business after a year or two of such losses.

Wonder who is propping them up.

The taxpayers?

Via USAID?

Are you paying taxes to fund an organization that funds another organization to collect more taxes?

It's like the utility companies paying another company to charge you a fee to pay your utility bill.

And somehow the money never seems to make its way to senior programs and schools which were supposed to be the benefactors of the lotto scheme.

Said it elsewhere, "All state lotto needs the DOGE treatment."

Yes.

Definitely warrants a thorough auditing.

Actually it does, it's just never extra, or more. They magically find a way to divert the tax dollars already allocated. (patronage jobs are a fav fund)

Same end result then - lottery adds nothing to schools and elder programs.

Wasn't the lottery a theme addressed in 1984?

The Orwell book, not the year itself.

1974 was the first year in IL. People were creaming their jeans, 1 Mil, 50 cent ticket, and sold that bill of goods about the schools. Took forever to get that through legislation.

I took the info from here:
"The first modern government-run US lottery was established in Puerto Rico in 1934"
https://en.wikipedia.org/wiki/Lotteries_in_the_United_States

😐 supposed to be the beneficiaries...

Gambling for people that do not understand math.
(or Arithmetic, as Joe would say)

Only when the after tax payout is greater than the odds, could it possibly be an even bet.

Ironically, MUSL (the powerball group), spends a good deal on the advertising and operating a gambling addiction hotline and programs.

Probably stole that idea from big pharma and their accomplice, the food industry.

Create your customers.

Like the old joke

What has 64 balls and screws poor people twice a week

😄

LOVE it