Friday, November 30, 2012


So I didn’t hit the lottery.  Oh well, the dreams were good while they lasted.  I actually very rarely play but after reading an article about the lottery, I just might do it more. 
Of the $2 cost of a Powerball ticket, $1 goes to the prizes and the other dollar is kept by the state lottery organization, said Lingle, who also is executive director of the South Dakota Lottery. After administrative overhead is paid, the remaining amount goes to that state's beneficiary programs.
Some states designate specific expenditures such as education, while others deposit the money in their general fund to help supplement tax revenue
I thought about what I would do if I hit the big one and won $500 million.  While I was thinking about all the groups I would give money to, including my school district, my municipality, and some other organizations I work with, I thought people who hit should share the wealth.  Sure there are taxes taken out and I believe the states who sell the winning tickets probably get a big share of that winner’s taxes, but it occurred to me that people who win lotteries pretty much keep the money for themselves where they should be helping others with it.  I have heard terrible stories of people committing suicide or spending it all on liquor, drugs, prostitutes, and fast cars.  I am sure there are plenty more who spend it wisely and help a lot of people along the way, and that’s the way it should be.
But overall knowing that the $5 or $10 that I spend on lottery tickets can help my state, maybe I might be inclined to play more.  I am certainly not advocating gambling as a way of life or as a way to pull us out of the debt our state is in, but it sure if fun to dream a little, and maybe that’s just the point of it.

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