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Bluebell railway's cash boost
Mon, 30 Nov 2009 15:49:00 GMT
has won a £49,500 grant in ITV Meridian's latest head-to-head People's Million contest for National Lottery funding.The final contest between two charities for the public's vote was won by the steam railway enthusiats for their Vintage Carriage 51
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N.C. lottery spent $10.9M on advertising this year
Mon, 30 Nov 2009 15:28:00 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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Iowa Lottery: Sales up, profits down
Mon, 30 Nov 2009 14:56:00 GMT
Iowa Lottery sales are running 4 percent ahead of a year ago, despite the national recession, although profits are down, according to Lottery Chief Executive Officer Terry Rich. Since the new state
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Lottery: No tickets for children
Mon, 30 Nov 2009 14:18:00 GMT
WICHITA -- The Kansas Lottery is asking parents not to give their minor children lottery tickets for the holidays. A recent national study found that 19 percent of high school students said they had received
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Denver, CO Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Denver, CO.
Games of Chance in Denver, CO
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 Denver, CO lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Denver, CO 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 Denver, CO, the government endorses and may even organize it.
If you’re thinking of playing the Denver, CO 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 Denver, CO 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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