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1 Fantasy 5 player takes $202,868 top prize
Tue, 1 Dec 2009 15:29:00 GMT
One winner of the "Fantasy 5" game will collect $202,868, the Florida Lottery said Tuesday. The winning ticket was bought in Miami, lottery officials reported
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Good causes get extra Lottery boost
Tue, 1 Dec 2009 14:56:00 GMT
Good causes in Scotland are to benefit from an extra £100 million in Lottery cash over the next five years. The Big Lottery Fund revealed it will be awarding an estimated £400 million across the country between 2010 and 2015. It had previously been
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Nashville, TN Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Nashville, TN.
Games of Chance in Nashville, TN
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 Nashville, TN lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Nashville, TN 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 Nashville, TN, the government endorses and may even organize it.
If you’re thinking of playing the Nashville, TN 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 Nashville, TN 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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