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N.C. lottery spends millions for advertising
Sun, 29 Nov 2009 08:14:00 GMT
RALEIGH, N.C. -- The North Carolina lottery spent about $11 million in the most recent fiscal year on advertising, encouraging ticket buyers to play responsibly - and to keep them buying more lottery tickets. From billboards to
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N.C. lottery spent $10.9M on advertising this year
Sun, 29 Nov 2009 06:28:00 GMT
RALEIGH The North Carolina lottery spent about $11 million in the most recent fiscal year on advertising, encouraging ticket buyers to play responsibly -- and to keep them buying more lottery tickets, a newspaper reported
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Column: Mystery of 'missing' lottery money solved
Sun, 29 Nov 2009 05:20:00 GMT
Grand Rapids Press File PhotoInstant games are more popular as prizes increase.Where did the all the Michigan lottery money go? That age-old question is being asked with a little greater frequency these days as local school districts grapple with
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San Diego, CA Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in San Diego, CA.
Games of Chance in San Diego, CA
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 San Diego, CA lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the San Diego, CA 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 San Diego, CA, the government endorses and may even organize it.
If you’re thinking of playing the San Diego, CA 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 San Diego, CA 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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