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IGT and New York Lottery renew video lottery contract through 2017
Wed, 25 Nov 2009 11:13:00 GMT
International Game Technology (IGT) (NYSE:IGT) has renewed its contract with the New York State Lottery through the year 2017. The financial terms of the contract, announced on Tuesday, were not disclosed. IGT said that since the inception of the video
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Orlando man claims $259,000 Fantasy 5 prize
Wed, 25 Nov 2009 10:25:00 GMT
Mark Speicher is my kind of lottery player. The 55-year-old Orlando man plays the Florida Lottery with Xtra and Fantasy 5 with ezMatch. A ticket purchased at the Publix at 1400 E. Colonial Drive in Orlando won
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The case of the missing voucher, Part II
Wed, 25 Nov 2009 10:25:00 GMT
a Kangaroo Express and not getting one of my vouchers for the college football promotion. Well, the Florida Lottery researched the transaction and sent me a letter with the voucher number. That was an unexpected surprise. And Jackie Barreiros, director
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Lottery fraud victim demands answers
Wed, 25 Nov 2009 09:43:00 GMT
AUSTIN (KXAN) - to require Texas Lottery Commission officials to answer key questions under oath regarding how a lottery agent was able to redeem Willis' $1 million winning ticket without raising suspicions. The commission refused to give
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Phoenix, AZ Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Phoenix, AZ.
Games of Chance in Phoenix, AZ
You know how people say getting hit by lightning is a “million-in-one shot?” It’s actually closer to 244,000 to 1, over a lifetime of 80 years. The typical Phoenix, AZ lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Phoenix, AZ lottery jackpot. But who cares about math! You’re about to win a million bucks!
Strictly speaking, the lottery is a form of gambling that involves casting and drawing lots to win a prize. In some places it is illegal, and in others, like Phoenix, AZ, the government endorses and may even organize it.
If you’re thinking of playing the Phoenix, AZ lottery, make sure you have a set amount you’re willing to spend. You don’t want your whole paycheck to go to the state, do you? Be careful, and have fun!
Lotteries come in many formats. The prize can be a fixed amount of cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. More commonly the prize fund will be a fixed percentage of the receipts. A popular form of this is the "50-50" draw where the organizers promise that the prize will be 50% of the revenue. Many recent lotteries allow purchasers to select the numbers on the lottery ticket resulting in the possibility of multiple winners.
The purchase of Phoenix, AZ lottery tickets by large numbers of people is arguably economically irrational. However, in addition to the chance of winning, the ticket may enable some purchasers to experience a thrill and to indulge in a fantasy of becoming wealthy. If the entertainment value (or other non-monetary value) obtained by playing is high enough for a given individual, then the purchase of a lottery ticket could represent a gain in overall utility. In such a case, the monetary loss would be outweighed by the non-monetary gain, thus making the purchase a rational decision for that individual. That's right.
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