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Thousands conned by lottery scams
Mon, 30 Nov 2009 01:01:00 GMT
A consumer watchdog has warned Britons have been being conned by fake lottery scams Hundreds of thousands of Britons have been being conned by fake lottery scams, a consumer watchdog has warned. The Office of Fair Trading (OFT) said the growing problem
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Iowa Lottery: Sales up, profits down
Sun, 29 Nov 2009 23:40:00 GMT
Iowa Lottery sales are running 4 percent ahead of a year ago despite the national recession although profits are down, lottery chief executive officer Terry Rich said.Since the new state budget
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N.C. Lottery spent $11 million on advertising
Sun, 29 Nov 2009 21:08:00 GMT
The singing chorus. The ubiquitous billboards touting a big, life-changing jackpot. No one is immune from the state lottery's advertising efforts. And with good reason: In the last fiscal year, the lottery spent $10.9 million on advertising. Spending
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Michigan lottery players are the big winners
Sun, 29 Nov 2009 21:08:00 GMT
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 mid-year state aid cuts of a minimum of $292
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BJP protests revoking of Lottery Prohibition Bill
Sun, 29 Nov 2009 18:30:00 GMT
Nov 27 : The Bhartiya Janata Party (BJP) organised a demonstration here today to protest the revoking of the Lottery Prohibition Bill in Parliament. Addressing the demonstrators, BJP Delhi President O P Kohli said, ''Our campaign against this menace is
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Jacksonville, FL Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Jacksonville, FL.
Games of Chance in Jacksonville, FL
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 Jacksonville, FL lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Jacksonville, FL 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 Jacksonville, FL, the government endorses and may even organize it.
If you’re thinking of playing the Jacksonville, FL 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 Jacksonville, FL 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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