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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so if the jackpot goes over $300 M im getting good odds on my wager

Voluntary Tax

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Tax on the mathematically challenged.

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

you can't win if you don't play !

As long as you have the only winning ticket!

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If the jackpot is $292,000,000, then it is worth a one dollar investment.

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

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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"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

I read you off nothing but winners all New Year's Day.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

I thought the money from the lottery was already going to the schools. They haven't been misappropriating those monies now have they?

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Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

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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DRINK BƎTTƎR. @theRIPH

How is it losing money? They payouts and odds are designed not to exceed the money taken in.

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Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

If Illinois can find a way they will. I will guess bureaucracy and patronage.

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Elections have consequences.

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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DRINK BƎTTƎR. @theRIPH

Scorehead's head just exploded.

_________________
Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way