a hundred k
2007-03-06 18:43:30.864592+00 by
Dan Lyke
2 comments
An article about the glee that lottery officials are feeling about the $350+ million jackpot in tonight's drawing had this gem:
The result: The state lottery revised its forecast for sales in the current fiscal year, which ends in June, from $3.6 billion to $3.2 billion. That means $1.13 billion to public education rather than $1.27 billion.
Lottery spokesman Rob McAndrews said the state lottery takes problem gambling seriously and spends $100,000 a year fighting it. The agency is airing public-service announcements on radio and television all month.
Giggle. I'm bettin' that the lottery billboard on I-80 westbound just after the Bay Bridge costs 'em more than that.
[ related topics:
Bay Area California Culture Gambling
]
comments in ascending chronological order (reverse):
#Comment Re: made: 2007-03-06 22:05:17.608892+00 by:
whump
Okay, that's a big enough jackpot that the utility of imagining what I'd do with $135M-Net of taxes is
worth a dollar.
#Comment Re: made: 2007-03-07 00:37:05.623986+00 by:
Dan Lyke
Yeah, at this point it's high enough that if you were guaranteed one winner, at circa in in 175M odds of winning, it's actually a rational decision.
Of course as inverse insurance there are other ways to make the occasional lottery ticket purchase a reasonable decision. And I think some people looking at the numbers have argued that if you pick higher numbers you're better off 'cause then you're biasing against sharing a win with people who use dates as "auspicious".