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| Illinois Powerball https://mail.chicagofanatics.com/viewtopic.php?f=75&t=94849 |
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| Author: | Jaw Breaker [ Tue Jul 07, 2015 1:11 pm ] |
| Post subject: | Illinois Powerball |
The odds to win the jackpot are going from 1 in 175 million to 1 in 292 million (  ). To compensate, they are making the odds more favorable to win smaller prizes: the odds to win $4 -- that is a whopping FOUR DOLLARS -- are going from 1 in 111,000 to 1 in 92,000. At least the extra profits (aka, tax on the stupid) will go to the schools.  http://www.chicagotribune.com/news/nati ... story.html |
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| Author: | billypootons [ Tue Jul 07, 2015 1:20 pm ] |
| Post subject: | Re: Illinois Powerball |
Jaw Breaker wrote: The odds to win the jackpot are going from 1 in 175 million to 1 in 292 million ( ). To compensate, they are making the odds more favorable to win smaller prizes: the odds to win $4 -- that is a whopping FOUR DOLLARS -- are going from 1 in 111,000 to 1 in 92,000. At least the extra profits (aka, tax on the stupid) will go to the schools. http://www.chicagotribune.com/news/nati ... story.html so if the jackpot goes over $300 M im getting good odds on my wager |
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| Author: | BigW72 [ Tue Jul 07, 2015 1:21 pm ] |
| Post subject: | Re: Illinois Powerball |
Voluntary Tax |
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| Author: | Chus [ Tue Jul 07, 2015 1:21 pm ] |
| Post subject: | Re: Illinois Powerball |
wdelaney72 wrote: Voluntary Tax Tax on the mathematically challenged. |
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| Author: | Bagels [ Tue Jul 07, 2015 1:28 pm ] |
| Post subject: | Re: Illinois Powerball |
you can't win if you don't play ! |
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| Author: | Jaw Breaker [ Tue Jul 07, 2015 1:31 pm ] |
| Post subject: | Re: Illinois Powerball |
billypootons wrote: Jaw Breaker wrote: The odds to win the jackpot are going from 1 in 175 million to 1 in 292 million ( ). To compensate, they are making the odds more favorable to win smaller prizes: the odds to win $4 -- that is a whopping FOUR DOLLARS -- are going from 1 in 111,000 to 1 in 92,000. At least the extra profits (aka, tax on the stupid) will go to the schools. http://www.chicagotribune.com/news/nati ... story.html so if the jackpot goes over $300 M im getting good odds on my wager As long as you have the only winning ticket! |
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| Author: | Chus [ Tue Jul 07, 2015 1:38 pm ] |
| Post subject: | Re: Illinois Powerball |
billypootons wrote: Jaw Breaker wrote: The odds to win the jackpot are going from 1 in 175 million to 1 in 292 million ( ). To compensate, they are making the odds more favorable to win smaller prizes: the odds to win $4 -- that is a whopping FOUR DOLLARS -- are going from 1 in 111,000 to 1 in 92,000. At least the extra profits (aka, tax on the stupid) will go to the schools. http://www.chicagotribune.com/news/nati ... story.html so if the jackpot goes over $300 M im getting good odds on my wager If the jackpot is $292,000,000, then it is worth a one dollar investment. |
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| Author: | bigfan [ Tue Jul 07, 2015 8:43 pm ] |
| Post subject: | Re: Illinois Powerball |
El Gordo in Spain. $100 a ticket. Winners read off all New Years Day. 300 people win $1 Mill. Here is my example of the Illinois Lottery. The Illinois Lottery tells you it is a terrible game, right on the back every rub off card. You give me $10. If You win, I will give you $100, thus giving you odds of 10-1 on a Winner. HOWEVER Your REAL Odds of winning are 1 in 142....thus if you win, you should get $1420, but I am giving you $100 Now how many of these tickets would you like? |
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| Author: | good dolphin [ Wed Jul 08, 2015 8:01 am ] |
| Post subject: | Re: Illinois Powerball |
I read you off nothing but winners all New Year's Day. |
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| Author: | badrogue17 [ Wed Jul 08, 2015 8:05 am ] |
| Post subject: | Re: Illinois Powerball |
Jaw Breaker wrote: The odds to win the jackpot are going from 1 in 175 million to 1 in 292 million ( I thought the money from the lottery was already going to the schools. They haven't been misappropriating those monies now have they?
). To compensate, they are making the odds more favorable to win smaller prizes: the odds to win $4 -- that is a whopping FOUR DOLLARS -- are going from 1 in 111,000 to 1 in 92,000. At least the extra profits (aka, tax on the stupid) will go to the schools. http://www.chicagotribune.com/news/nati ... story.html |
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| Author: | No Clever Moniker [ Wed Jul 08, 2015 8:18 am ] |
| Post subject: | Re: Illinois Powerball |
The Lottery, call it a tax on the stupid or lawmakers stupid attempt to get in on the "numbers" or "policy" racket. Originally sold to Illinois taxpayers as a way to increase education funding but then subsequently folded into the general fund for the state. Every additional dollar raised by the lottery is one less dollar contributed to education from the general fund. Illinois' lottery is privately managed, and it is losing money. The Commonwealth of Pennsylvania considered emulating our state but learned that the numbers for Illinois don't make sense. Thus I'll be curious to see how our new Governor figures out how to make it profitable. Powerball is not run by the state but a separate entity. I say good luck to them, as the big jackpots make for nice daydreams but in the build-up to the big jackpot most people keep their loose dollars in their pockets. |
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| Author: | badrogue17 [ Wed Jul 08, 2015 8:22 am ] |
| Post subject: | Re: Illinois Powerball |
No Clever Moniker wrote: The Lottery, call it a tax on the stupid or lawmakers stupid attempt to get in on the "numbers" or "policy" racket. Originally sold to Illinois taxpayers as a way to increase education funding but then subsequently folded into the general fund for the state. Every additional dollar raised by the lottery is one less dollar contributed to education from the general fund. Illinois' lottery is privately managed, and it is losing money. The Commonwealth of Pennsylvania considered emulating our state but learned that the numbers for Illinois don't make sense. Thus I'll be curious to see how our new Governor figures out how to make it profitable. Powerball is not run by the state but a separate entity. I say good luck to them, as the big jackpots make for nice daydreams but in the build-up to the big jackpot most people keep their loose dollars in their pockets. How is it losing money? They payouts and odds are designed not to exceed the money taken in. |
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| Author: | pittmike [ Wed Jul 08, 2015 8:29 am ] |
| Post subject: | Re: Illinois Powerball |
badrogue17 wrote: No Clever Moniker wrote: The Lottery, call it a tax on the stupid or lawmakers stupid attempt to get in on the "numbers" or "policy" racket. Originally sold to Illinois taxpayers as a way to increase education funding but then subsequently folded into the general fund for the state. Every additional dollar raised by the lottery is one less dollar contributed to education from the general fund. Illinois' lottery is privately managed, and it is losing money. The Commonwealth of Pennsylvania considered emulating our state but learned that the numbers for Illinois don't make sense. Thus I'll be curious to see how our new Governor figures out how to make it profitable. Powerball is not run by the state but a separate entity. I say good luck to them, as the big jackpots make for nice daydreams but in the build-up to the big jackpot most people keep their loose dollars in their pockets. How is it losing money? They payouts and odds are designed not to exceed the money taken in. If Illinois can find a way they will. I will guess bureaucracy and patronage.
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| Author: | No Clever Moniker [ Wed Jul 08, 2015 1:43 pm ] |
| Post subject: | Re: Illinois Powerball |
Northstar Loterry Group was the private manager the state granted lottery operations. Northstar failed siginifcantly to deliver on their promised revenues. The contract was severed last December but they continue operations while a RFP is being filled. |
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| Author: | billypootons [ Wed Jul 08, 2015 1:52 pm ] |
| Post subject: | Re: Illinois Powerball |
dan bernstein wrote: The women reading the ping pong balls on wgn news should be younger, hotter, and bigger breasted to get better ratings/participation
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| Author: | Chus [ Wed Jul 08, 2015 2:08 pm ] |
| Post subject: | Re: Illinois Powerball |
No Clever Moniker wrote: Illinois' lottery is privately managed, and it is losing money. Scorehead's head just exploded. |
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