About a third. It's a racket, if you ask me.
Update: Oh, it gets better.
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02 May 2009
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Here in VA there are now scanners that will tell you whether a ticket is a winner or not. I wonder if they have the same thing in NC. I don't think you have to scratch off the barcode. I wonder if the tickets could be scanned without the lottery commission knowing they'd been scanned. So you scan the unsold tickets and buy the winners.
Posted by: Eric J | 02 May 2009 at 10:00 PM
My favorite bumper sticker ever (tied with the Darwin evolving fish) reads: "Lotteries: a tax against people who can't do math."
Posted by: Foilwoman | 15 May 2009 at 08:15 PM
I don't have anything major against state lotteries--except the states that are hypocritical enough to have lotteries while having laws against gambling.
Mark
Posted by: Mark | 21 May 2009 at 05:22 PM
I'm not a fan of the lottery, but is it really fair to count the 50% paid to winners as part of the money raised? That's a cost of having a lottery. If you don't pay the winners, then no one buys tickets and the lottery raises zero dollars. A more accurate breakdown would be that 30% goes to the commission and 70% goes to schools.
Posted by: Brandon | 22 May 2009 at 09:44 AM