Current Lotto Is a Rip-off and needs to be changed

Most of the Lotto ticket sales are made to lower and middle income people because the wealthy do not need more money and are less likely to buy.
By: Louis F. Mlecka
Nov. 29, 2012 - PRLog -- It just doesn't make sense to spend money when the odds of winning the big prize are about 150 million to one or even higher.  

My suggestion is to do the followingL  

1.  Limit the winner or winners to 10% of the total available.

2,  Divide the balance among the ones having 5 numbers.

3.  Distribute the entire amount available every drawing.  No more carry-overs.  

This will bring the odds way down with many people winning a nice amount. I believe ticket sales would be several times higher than they are now.  The country would benefit as well as the winners.  

Do people realize the Lottery is just a hidden tax?  

Most of the ticket buyers are the ones that can least afford it.  The money could be used to pay off credit cards and other necessary bills.

Speaking of credit cards, people run them up to thousands of dollars and then with the help of lawyers get the creditors to settle for a fraction of the amount owed..  This should not be allowed to happen, especially when it is done on purpose.  

I urge readers of this article to contact me with other suggestions that may be forwarded to proper authorities. We the people must act now to help solve our economic problems.  

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Tags:Lotto, Crediit, Economy, Winning, Ripoff
Location:United States
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Page Updated Last on: Nov 29, 2012
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