The Daily Gazette
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Powerball, by its very definition, is irresponsible

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The folks at the Lottery Division and the New York Council on Problem Gambling have teamed up to promote the concept of “responsible” gambling — just in time for tonight’s big Powerball jackpot. As of 2 p.m. yesterday, it had reached $500 million — second largest in U.S. history for such things — and it seems likely to go even higher by the time the numbers are drawn tonight. That is, unless Americans in 42 ...

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comments

hodgkins.t
November 28, 2012
8:01 a.m.

[ Flag Post ]

Yes its a regressive tax, but if you bought 175 million tickets, the pay off would be $2.8 for every $1 spent.

hodgkins.t
November 28, 2012
10:01 a.m.

[ Flag Post ]

That is wrong, one play is $2, and cash pay out on $500m is $327.4m and taxes are +/- 45% so even if you bought 175m tickets you would be spending $1.94 for every $1 you win.

newyorker65
November 28, 2012
10:53 a.m.

[ Flag Post ]

Responsible gambling?... isn't than an oxymoron?? Greed, plain and simple!

tonijean613
November 30, 2012
8:03 a.m.

[ Flag Post ]

Will the Gazette please explain in a full feature story exactly how the lottery is run (public/private? and what the lottery money goes to? Does it fund public education at all or just line the pockets of the CEO's? Should it be reducing the tax burden on struggling schools? Who audits the lottery?

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