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Dollar General gambles on lottery
Sat, 28 Nov 2009 17:55:00 GMT
What can't you find at a dollar store these days? Cross lottery tickets off that list. Dollar General is testing the sale of scratch-off games, Powerball tickets and other lottery games at 37 stores in Tennessee. The Goodlettsville-based discount
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Tile installer, salesman, doorman hit the lottery
Sat, 28 Nov 2009 17:09:00 GMT
The News Leader Tags: new york city, lottery, local news NEW YORK -- What do a Bronx ceramic tile installer, a retired car salesman from Queens and a Brooklyn doorman have in common? All three are winners in
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Mega Millions jackpot rolls over to $57M
Sat, 28 Nov 2009 16:26:00 GMT
coupons! Circulars| Coupons | Deals TOP STORIES :: No one matched all six numbers in Friday's Mega Millions lottery drawing, but two Illinois players -- one in the south suburbs and one on the South Side -- came close and won $250,000. The winning
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New York, NY Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in New York, NY.
Games of Chance in New York, NY
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 New York, NY lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the New York, NY 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 New York, NY, the government endorses and may even organize it.
If you’re thinking of playing the New York, NY 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 New York, NY 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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