Tuesday, February 23, 2010

Powerball lotto tickets will save broke-ass Missouri

Posted by Justin Kendall on Tue, Feb 23, 2010 at 12:30 PM

click to enlarge Mark Parkinson
  • Mark Parkinson

This is what it's come to -- a Missouri lawmaker introducing a bill that would deduct $2 from Gov. Jay Nixon's paycheck each pay period and deposited in "Governor Nixon's Federal Scratch-Off, Match-Off Fund" to buy Powerball tickets.

St. Charles County Republican Rep. Mark Parkinson is the mastermind behind the bill (H.B. 2131), and lawmakers have even scheduled a hearing for tomorrow. Here's how it works:

One dollar from the fund will be used to purchase a Powerball lottery ticket each week on behalf of the citizens of the state. Any winnings collected must be deposited into the fund until it exceeds $300 million. At that time, the Governor is authorized to dissolve the fund and transfer the moneys to the General Revenue Fund for the purpose of filling any budget shortfall.

Republican lawmakers are tripping over themselves to applaud Parkinson. Take this quote from Rep. Joe Smith, chairman of the Tax Committee, who told the Columbia Missourian:

"I think it's kind of clever," he said. "If the governor were to win it would make it a lot easier for us."

By the way, the Columbia Missourian quotes the Missouri Lottery

Fact Book, which puts odds of winning at 195,249,054. The current jackpot is estimated at $76 million.

As they say,

you can't win if you don't play.

H/t to Talking Points Memo.

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Comments (7)

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So how does it goes?

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Posted by Lottery Software on 03/04/2011 at 4:14 AM

That's good to hear... Wow..

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Posted by Lottery Software on 02/22/2011 at 11:15 PM

Good information to share. Will be expecting soon from this topic.

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Posted by Lottery Software on 01/26/2011 at 12:53 AM

Very well said. Great information and very much worth reading.

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Posted by Lottery Software on 01/12/2011 at 9:51 PM

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Posted by bowflex tc5000 treadclimber on 10/07/2010 at 5:50 AM

This story is part of today
's Wait, Wait, Don't tell me, on npr

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Posted by Paul Sipes on 02/27/2010 at 7:13 PM

Good luck with the powerball lotto.

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Posted by lotteryplay on 02/25/2010 at 2:54 AM
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