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Official says 'twin lottery tickets' possible
Wed, 2 Dec 2009 09:52:00 GMT
A LOTTERY official said it is possible the computer-chosen numbers on two lottery tickets can be identical, responding to some Netizens' suspicions over the latest sports lottery. A ticket owner from southwestern
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Ticket sold in Belfry
Wed, 2 Dec 2009 09:19:00 GMT
A Montana Cash ticket worth $50,000 was presented for payment at Lottery Headquarters. Melvin Nading of Cody, WY bought his ticket on Friday the 13th from the Belfry Country Store. He bought his ticket for the November 14 drawing. Nading said the
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Swiss lottery officials visit Georgia Lottery
Wed, 2 Dec 2009 08:58:00 GMT
Contact: Media Relations Department ATLANTA - Officials from Loterie Romande, the lottery of French-speaking Switzerland Society, visited the Georgia Lottery Corporation recently to learn more about games with drawings. Georgia Lottery President and CEO
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China Sports Lottery officials visit Georgia Lottery
Wed, 2 Dec 2009 08:57:00 GMT
Contact: Media Relations Department ATLANTA - Officials from the China Sports Lottery (CSL) visited the Georgia Lottery Corp. on Wednesday to learn more about operating a successful lottery. Georgia Lottery President and CEO Margaret DeFrancisco made a
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Milwaukee, WI Lottery – Is today your lucky day? Not if you don't play. Try your skill and play the lottery in Milwaukee, WI.
Games of Chance in Milwaukee, WI
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 Milwaukee, WI lottery jackpot is something like 500,000 to 1. That means you’re more likely to get hit by lightning twice than win the Milwaukee, WI 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 Milwaukee, WI, the government endorses and may even organize it.
If you’re thinking of playing the Milwaukee, WI 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 Milwaukee, WI 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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