Raffle's chances
Published: Fri, Feb. 16, 2007 12:00AM
Modified Fri, Feb. 16, 2007 02:45AM
E-Mail
Print
tool name
closeWas your Feb. 12 article ("Lottery idea: $20 a play for $1 million") on the upcoming state raffle a math test for us, or was it to see if we were paying attention?
Recently you reported that the lottery might be falling short of expected revenues, and some noted that North Carolina pays a smaller percentage back to the players (about 52 percent) than many states, including South Carolina (59.9 percent) and Virginia (58.1 percent). According to your article on the raffle, it will pay even less than that -- 50 percent. It would take another $200,000 given out in prizes to meet the 52 percent return (I would suggest 2,000 winners of $100 each).
You also reported that if all tickets are sold [the plan is to sell 500,000 tickets at $20 each], the game will generate $3.5 million for education. Granted, that is the 35 percent designated for education, but that leaves $1.5 million left over. Is that the expense of printing up the tickets and promoting the raffle?
More Letters
Russell Catania
Apex
Get it all with convenient home delivery of The News & Observer.
The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.
If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
