Oh joy

This is a brilliant observation. Seriously. From Common Sense.

Newspapers all over the state this morning had above-the-fold pictures of jubilant local lottery winners. With scratch-off tickets going on sale yesterday for the first time in N.C. history, state-sponsored gambling was the topic of statewide conversation.

Where were the pictures of people losing the lottery? Given the odds, they should have been much easier to find than the winners. For those who believe that the media only reports the bad news, the lottery is a glaring exception. And that’s unfortunate, because there are only two real winners of a state lottery: the out-of-state mega-corporation that runs the games, and the precious few lucky stiffs who defy fortune and win big.

Everyone else loses. According to the Raleigh News & Observer, a player who wants to win ten dollars in the Tic Tac Toe scratch-off game would have to spend an average of $112 on the game to do so.

I guess losing isn't news.

Comments

Oh...hearing lots of stories about the lottery

I will be happy when it dies down. My girlfriend is having a blast scratching off her tickets. I couldn't believe it when she told me she'd bought 20. What a waste of money.



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Vote Democratic! The ass you save may be your own.

Charlotte Observer just updated

Man in Catawba County won $100,000. Ticket sales will skyrocket tomorrow.



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Vote Democratic! The ass you save may be your own.

Lottery as Natural Selection

Those who do not understand odds and basic math will lose all of their money over time to the State. The State then transfers those assetts to Tom Shaheen, other lottery officials, and gas station owners (last I heard they get a 7% cut). The recipients of these funds now have enough money to enroll their kid in a decent school so that they can learn basic math (it is called the education lottery after all).