April 28, 2006

Lottery "Earns" $80 Million: Officials Nervous

The North Carolina Stupid People "Education" Lottery is a smashing success -- but lottery officials (and those who want MORE to waste spend on education are nervous. The lottery is bringing in an average of $3.6 million PER DAY in North Carolina. The Legislature has already spent $3.3 million per day -- so officials are nervous that the sales will drop off after the novelty of the lottery has worn off.

Of course, they're counting on the new multi-state Powerball (also known as the lottery-that-you-have-even-less-chance-to-win-big) that starts May 30th to bring in more money and to keep that average up. However, that's a whole month away and they're not sure what they're going to do if the average theft income from the lottery falls below what the legislature has already spent.

Can you imagine an "income" stream of $3.6 million PER DAY and thinking that you're not getting enough?

Don't look for them to reduce the six-figure salaries of the people running the lottery -- but hold on to your wallet -- you're going to need to win the lottery to pay all the taxes you're going to get stuck with.

Posted by: Ogre at 11:01 AM | No Comments | Add Comment
Post contains 203 words, total size 1 kb.

Comments are disabled. Post is locked.
14kb generated in CPU 0.0129, elapsed 0.0805 seconds.
86 queries taking 0.0739 seconds, 188 records returned.
Powered by Minx 1.1.6c-pink.