Lottery remains hot ticket

  • Article by: RICHARD MERYHEW , Star Tribune
  • Updated: August 22, 2012 - 5:40 AM

State sales set another record - for the fifth year in a row.

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evilgrimaceAug. 21, 1210:06 AM

The belief that you can get something for nothing is spreading like a cancer among Minnesotans! Why not spend half a billion investing in the future?

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pipdipchipAug. 21, 12 9:37 PM

@evilgrimace, a large portion of the proceeds from the Minnesota lottery go to the Environment & Natural Resources Trust Fund which "for the public purpose of protection, conservation, preservation, and enhancement of the state's air, water, land, fish, wildlife, and other natural resources". Not sure how you can invest in the future much better than that...

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Maynard_242Aug. 21, 1210:25 PM

The lottery is a tax on people who don't understand statistics (which includes a lot of smart people).

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snoebirdAug. 21, 1210:29 PM

If you want to strike gold, a better option is to buy shares of Sandstorm Gold (SAND), just listed on the NYSE in time for a spike in gold prices. You can look it up.

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LMHANSONAug. 21, 1211:08 PM

Maynard_242 - How is the lottery a tax on people when its a CHOICE to play? And as high as the odds are against winning, you can't win unless you play in the first place. Also, I would much rather have my money go to the state's Environment & Natural Resources Trust Fund than to some wealthy Tribal organization or some billionaire sports owner.

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ranger1873Aug. 21, 1211:26 PM

The O-conomy is making people more and more desperate on hitting a big payday. Lotteries, as Maynard correctly notes above, disproportionately harm those with lower incomes who have more to lose by playing.

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pwcgoldfishAug. 22, 12 5:05 AM

I play when powerball is over $200 M, mega millions over $100M, hot lotto over $10M, gopher 5 over $750K and when Northstar creeps close to $100K. This helps put a limit on how much I throw away each year.

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roscoe2511Aug. 22, 12 7:17 AM

Want to make a contribution to protect the environment, make a donation. 100% of a charitable donation goes to the cause. In the case of the lottery, it is a small percentage that goes to the environment. The lottery is for pipe dreamers and fools.

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shushyn78Aug. 22, 12 7:22 AM

The lottery is nothing more than a voluntary tax for the government to procure more money by abusing a person's belief that he/she could win the big one, regardless of how infitesimal the odds. The unscrupulous "carnie" has been replaced by the official seal of government.

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bluebird227Aug. 22, 12 7:34 AM

I always thought it would make more sense if 200 people would win a million dollars rather than one person winning 200 million, but i guess then no one would play. If you won a million you could pay off your house, pay for college, buy a car, etc., but it wouldn't significantly change (as in ruin) your life.

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