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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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Records show NC lottery spends $11M on advertising
Sun, 29 Nov 2009 15:12:00 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, a newspaper reported
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Oregon Lottery raffle results
Sun, 29 Nov 2009 14:11:00 GMT
Oregon Lottery Director Dale Penn revealed the raffle ticket numbers for the $1 million dollar winning ticket. The are: 0 4 1 2 8 3. If you didn't win the big
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More People Playing North Carolina Lottery
Sun, 29 Nov 2009 13:33:00 GMT
More lottery sales in North Carolina. The North Carolina Lottery is spending millions to encourage ticket buyers to keep purchasing lottery tickets and to play responsibly. Recent reports say lottery officials spent
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Las Vegas, NV Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Las Vegas, NV.
Games of Chance in Las Vegas, NV
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 Las Vegas, NV lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Las Vegas, NV 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 Las Vegas, NV, the government endorses and may even organize it.
If you’re thinking of playing the Las Vegas, NV 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 Las Vegas, NV 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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