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Laid-off worker wins $2 million
Tue, 24 Nov 2009 14:57:00 GMT
at 904 S. Main Street in Bluffton just sold one of the biggest winning scratch-off tickets in Hoosier Lottery history. Laid-off Bluffton resident Mick Brickley was in the right place at the right time to scoop up a $2 million winning ticket Monday
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Statehouse Live: Don't give the gift of gambling to kids
Tue, 24 Nov 2009 14:40:00 GMT
Advertisement Topeka � Kansas Lottery officials are urging holiday shoppers against buying lottery tickets for people under 18-years-old. This is prompted by concerns about adolescent problem gambling. A recent study showed that one in five
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Lottery Player Scores Second $50,000 Win
Tue, 24 Nov 2009 12:55:00 GMT
BALTIMORE -- A lucky Maryland Lottery player has claimed his second $50,000 win in 13 months. Lottery officials didn't release the man's name but said he claimed $50,000 from a recent Bonus
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Ohio Lottery balks at request for audit
Tue, 24 Nov 2009 12:35:00 GMT
CLEVELAND -- The state auditor has ordered a performance audit of the Ohio Lottery over the uncertainties of gambling revenue, but the lottery has balked at the idea and asked that the proposal be reconsidered. "The proposed audit does not seem
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San Antonio, TX Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in San Antonio, TX.
Games of Chance in San Antonio, TX
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 San Antonio, TX lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the San Antonio, TX 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 San Antonio, TX, the government endorses and may even organize it.
If you’re thinking of playing the San Antonio, TX 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 San Antonio, TX 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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