a legislative oversight committee thatfocuses on the north carolina education lottery is hearing a renewed push fromwake county representative paul stam stam wants what he says is a more honestaccounting lottery gaming with the odds at winningsmore accurately presented to reflect taxesand the amount a gamer would win if he
Nc Education Lottery Winning Numbers, or she would accept those lump-sumpayments house speaker pro tem representative paul stam joins us from wake county and lottery critic are your lotteryupholding i wanna siam absolute to stop over many years agowell it's here
in people obviously like playing itmakes the state a lot of money what's the beef the beef is at most themoney is made by false and deceptive advertising just give you couple of easy examples youwrite down the highway you see a billboard 123 million dollars for powerball well actually the prize is only worthabout $70 million and with taxes is really worth about $40million so you're betting as if it were 123 million but the prizeis not worth near that much and they
know it how many people playing the lottery? youhope you win but how many people do you think thinkthey'll win? that is a argument that the lottery people use andthey say well people who gamble don't care aboutthe odds you know they're just playing forentertainment well that's probably true of some of them areplaying the odds and you shouldn't cheat them. okay if the honest lottery act becomes law what will it force on the lottery, how will theybe communicating in the future if this
passes? well, their advertising would haveto give the actual odds of winning the prizes that theyadvertise that's it but what about a dollar amount if this is $365 million dollars i'll getthat if i choose the 20 or 30-year annuity right i mean that's well that's the nominal value but the true present value is about a little bitmore than half for that and that needs to be disclosed becausethat's the true value the prize maybe you say i don't care how big it is
but say that's not true because it'sprecisely when the prizes get big that people get excitedand start to buy their tickets well ifthey knew that those the jackpot was about half of what theythought it was what was advertised then they wouldn't somewhat summer they'll would not do itwith that over one hundred supportive votes in thehouse to pass the honest lottery act, why not go for a full repeal of the north carolinaeducation lottery
well there's not the but sufficientnumber of votes to repeal it that is a huge gap people it rightbetween a repeal in a restriction or and our allies youcall it a more honest accounting of what the lottery really is. here's the effect today is that a lot of ourcitizens think that they have supported educationbecause they bought some lottery tickets because all the advertising from the lawregulations as well we spit 100 million on education, we've spent 500 million, whatever it is but they don't realize that that's abouttwo percent
of the state budget and yet it iscausing support for education funding to falter because they think they gave at thelottery that we were told last decade thatwouldn't happen this money will be in addition to strong school support of regular tax revenuesthat didn't happen? the the day that the lottery past the supplanting love regular revenuebegan it it was there from the beginning
and the teachers groups that were so in favor of the lottery i think probablynow rue the day that they had ever heard the word because it reduces support for education me when people see that the government is trying to conpeople to take advantage of their ignorance ofmultiplication division addition and subtraction to educate other people they wonder whatkind of education we're trying to do with school fundingbe better today had that lottery never
passed i believe so sure and in this andprimarily at the local level where a you know it's subject toreferendums in bonds and and things like that i believe at thelocal level well support for education be muchstronger so if you get the on a slow to reactthrough it will it will create a different picture the lottery from abranding perspective may reduce demand for tickets andparticipation what do you do with the money this loss there and people wouldwillingly pay that get that into the
state coffers? well the fiscal research doesn't estimateany loss in funding. i would disagree with them ithink there'll be some loss who knows how much but whatever losses years is from people who previously weredeceived now know the truth and now are notdeceived and would that not be a good thing to changeto see what do you think is gonna happen thissession? can you convince the senate take up this bill and to vote on it, muchless passive wells a bipartisan bill
so i don't know any reason why the wouldn't take it up so we'll see short session one month from nowrepresent stam, paul stam house speaker protem thank you so much thank you
0 Response to "Nc Education Lottery Winning Numbers"
Posting Komentar