N.C. Lottery increases prize percentage

Comment #4

dpoly1 — Mon, 27 Sep 2010 13:55:08 GMT

Our friend rdgrnr understands the way Real Economics works!

It is time for the whiners to crawl back to their caves! Let the Adults handle these things

Comment #3

konane — Mon, 27 Sep 2010 13:06:06 GMT

with Rdgrnr and Pogo both. When players have the potential to receive more they play more, creating more revenue. Simple economics, maybe too simple, too obvious for career bureaucrats to understand.

Comment #2

Pogo — Sun, 26 Sep 2010 21:30:46 GMT

If you have 35% for education generating $30 million it's changed to 30% towards education generating $42 million - what's the problem? Besides the more I win the more I'm going to play keep playing as of a month ago I had just about quit! You, re right about the taxes, too. If you go from taxing me 30% to 40% I now have less money to spend, in turn generating less sales tax, in turn generating less money for the employers to hire more employees, in turn producing less taxable paychecks, etc. on... [ More ]

Comment #1

rdgrnr — Sun, 26 Sep 2010 16:45:02 GMT

Don't these idiot whiners like the North Carolina Policy Watch drive you insane? The ones who just don't get it and never will? The ones who can't understand that in many instances less is more?

It's the perfect parallel with the tax situation.

Though they're getting a smaller piece of the lottery pie percentage-wise, they're getting more money for education.

It's the same with taxes and President Reagan proved it. If you lower taxes, you get more tax revenue.

But even though educat... [ More ]

N.C. Lottery increases prize percentage

Lottery Post — Sun, 26 Sep 2010 15:12:04 GMT

Critics decry smaller education 'slice of pie'

Includes video report

Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.

Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.

A new report from the nonprofit watchdog group North Carolina P... [ More ]