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What do you think about these multi state lotto's should they keep giving hundreds of millions to one winner or be better for the economy to award hundreds of people a million a piece

By Anonymous Asked Oct 10 2009 5:00PM
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Top Answer out of 4

by Mensan on Oct 10, 2009 at 7:14 pm Permalink

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The second way is better, of course, but it's not gonna happen, because not enough people would enter, if the prize potential was a maximum of "only" $1 million.

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Avatar Mensan Oct, 11 2009 at 04:43 AM
You're right, of course, but what causes LOTS of people to line up by the thousands (AND risk the grocery or rent money) is the lure of winning, with only a $1 "investment," hundreds of millions of dollars.
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Winning "only" $1 million just isn't all that attractive to most gamblers, but winning HUNDREDS of millions is a prospect that many folks think is "worth the risk," and that's why someone will stand in line for maybe 2 hours, waiting to buy $20 worth of lottery tickets, with money that was going to be used to purchase prescription medications.
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Thanks for the points.

Answer 2 out of 4

by Mean Sixteen on Oct 10, 2009 at 9:00 pm Permalink

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There are problems with your idea. The spirit of what you suggest is noble, but in practice it would never work. IMO

#1 How would you assign winners? If your numbers don't match then how can you win. If your numbers match and you are the only one, then what?

#2 Ticket sales would plummet. Millions and millions buy tickets, including me, when the jackpot rises to an obscene level. I would not buy a single ticket if I could only win $1 million.

Those are my thoughts. Interesting question.

Max +s
 
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Avatar Mean Sixteen Oct, 10 2009 at 09:16 PM
I like the way your brain works. Here is the dilemma as I see it.
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In the latest Mega Millions drawing no one matched all six, 7 matched five, 62 matched 4 plus the mega ball, and 2793 matched 4.
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Going back a couple drawings...No one hit 6, 12 hit 5, 50 hit 4 and mega ball, and 1842 hit 4.
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Who gets how much?

Answer 3 out of 4

by therapist on Oct 10, 2009 at 8:55 pm Permalink

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I think the second. I think more people would enter to win if the chances were were 1 in 1000 rather than 1 in a million. I think eventually more people would be willing to play and they would actually earn more money. If I played 1000 times and won nothing I will eventually quit playing as I see it an impossiblity to win.
 
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Answer 4 out of 4

by Cyanotic Wasp on Oct 10, 2009 at 8:51 pm Permalink

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I don't care one way or the other. Thomas Jefferson had it right when he called a government-run lottery "a tax on the willing". Since I don't play (I'm not one of the willing), I don't have a say in how it's run or paid out.
 
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