Lottery is systemic racism
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Well, of course it is. Who do you think participated in the numbers racket? Government just took it over from the mob. Duh.
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The very first time I voted was 1988. I was at university (Purdue). By chance Indiana had a referendum on the ballot that year asking for approval of a state lottery “where the proceeds would be earmarked for education”, (lol as if money isn’t fungible, something intuitive to me at 20 but it generally fooled people).
I voted no and remember telling friends “this is basically a tax on people who are bad at math”.
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The real problem is all of those scratchers… I can’t count how many times I’ve been stuck in line at a convenience store behind somebody turning in scratchers for $20 prize, use that to buy $40 worth of tickets… Win $10 more, redeem that $10 and buy $20 more that loses…
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@George-K said in Lottery is systemic racism:
I have never bought a lottery ticket.
I’ll occasionally buy 1 ticket on one of the big jackpots. Bought one for the 1.5 Billion, but forgot to get one for the $2 Billion.
The Brad
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@George-K said in Lottery is systemic racism:
I have never bought a lottery ticket.
I’ll occasionally buy 1 ticket on one of the big jackpots. Bought one for the 1.5 Billion, but forgot to get one for the $2 Billion.
@LuFins-Dad said in Lottery is systemic racism:
forgot to get one for the $2 Billion.
Missed it by that much, eh?
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@George-K said in Lottery is systemic racism:
I have never bought a lottery ticket.
I’ll occasionally buy 1 ticket on one of the big jackpots. Bought one for the 1.5 Billion, but forgot to get one for the $2 Billion.
@LuFins-Dad said in Lottery is systemic racism:
@George-K said in Lottery is systemic racism:
I have never bought a lottery ticket.
I’ll occasionally buy 1 ticket on one of the big jackpots. Bought one for the 1.5 Billion, but forgot to get one for the $2 Billion.
I think the expected value of buying tickets for low-to-normal jackpots greatly exceeds the expected value of buying tickets for the earth-shattering jackpots.
(But either way the expected value is a rounding error from zero)
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@Mik said in Lottery is systemic racism:
The guy in Altadena who sold the winning ticket
What's his take?
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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NVM: In many states it's 5%.
Whoops, that's the percentage of sales.
The bonus for a winning ticket is "only" 0.5%. So this guy only gets about $10MM.
https://www.lottoanalyst.com/how-much-do-lottery-retailers-make-in-commission
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Hang on a minute - are you guys telling me that I can't win a ton of money out of gambling?
That can't be right! When the government legalized it here, they said it was a great opportunity for people to make a great deal of money. Of course, they didn't specify which people, exactly.
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@Mik said in Lottery is systemic racism:
The guy in Altadena who sold the winning ticket
What's his take?
@George-K said in Lottery is systemic racism:
@Mik said in Lottery is systemic racism:
The guy in Altadena who sold the winning ticket
What's his take?
A cool million bucks.
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