Illinois Is Putting Lottery on Block for Quick Payoff

Comment #8

dvdiva — Fri, 26 Jan 2007 14:44:29 GMT

If privatization is so good maybe all the financial management of the state and Chicago should be in private hands and the mayor, legislature and city coucil should find new jobs instead of mismanaging the state and city.

Of course if voters there anen't bright enough to hire financially responsible people they deserve what they get.

The private group might insist on fixing Mega soon though.

One also wonders if the payout percentage changes will you even know since the freedom of inform... [ More ]

Comment #7

Badger — Fri, 26 Jan 2007 13:43:33 GMT

LET's RAISE ..MIN.-WAGE

too........$15.00 BUCKs an HOUR for ALL......NOT SOME!!!!!!!

Yes, that would be interesting. I'd be out of a job because my company would have to let everyone go and close.

Comment #6

Badger — Fri, 26 Jan 2007 13:41:02 GMT

Given how fast and irresponsibly state (and Fed for that matter) politicians run through any heap of cash they get, states selling their lotteries will soon have none of that money left.

And then they will plead they need more income and make excuses for raising your taxes.

Comment #5

Bradly_60 — Wed, 24 Jan 2007 21:51:00 GMT

That would be interesting. If a private company does own the lottery will then increase payouts as a way to compete in the marketplace? I mean lotteries pay on average 50% back as prizes because of the way the lottery was set up but if someone else gets their hands on it will that change? It seems like a scetchy plan though. The money would be nice now but putting a state ran operations in the hands of private companies could lead to many problems if the private owners have complete control

Comment #4

psykomo — Wed, 24 Jan 2007 20:24:18 GMT

IF Yo can't trust..Illinois

WHO CAN...... Little People ?

TRUST

Comment #3

wizeguy — Wed, 24 Jan 2007 16:21:05 GMT

I am against privatization of state run lotteries! I feel any 'gains' from doing so would only be an illusion.

Comment #2

qutgnt — Tue, 23 Jan 2007 15:23:23 GMT

Good let capitalism decide this. And hopefully to compete with other gambling interests lotteries will increase payback percentages and give us all a better chance.

Comment #1

psykomo — Tue, 23 Jan 2007 15:01:02 GMT

Little People .....LUV,s ....TUNA

but,........YES........(there).........I$$$$$$$$.....A.......Buttttttt!!

and....something$$$$$$$$.....SMELL$

about......Thi$$$$$$ DEAL

LET's RAISE ..MIN.-WAGE

too........$15.00 BUCKs an HOUR for ALL......NOT SOME!!!!!!!

and remove sales taxes on ALL food and clothes items!!!!!!!!!!!!

LOL

PSYKOMO DON't FORGET.....BEVERAGE TAXES either

Illinois Is Putting Lottery on Block for Quick Payoff

Lottery Post — Tue, 23 Jan 2007 13:11:43 GMT

The state of Illinois yesterday took the first steps in selling its state lottery system, hoping to attract as much as $10 billion from investors who, in return, would own a monopoly that could turn out to be the biggest jackpot yet.

The sale, which may occur as early as the spring, would not be the first privatization of public property - both Chicago and Indiana have recently earned billions of dollars by signing long-term leases with private companies to run toll roads. But the proposed l... [ More ]