Word: lotto
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...odds of joining the flourishing ranks of lotto millionaires are still longer than the risk of being struck by lightning. About 90 million players will ring up $20.6 billion in ticket sales this year. So far, 34 states have joined the lottery gold rush, raking in vital revenues for depleted coffers. Charles Clotfelter and Philip Cook, professors of public policy and economics at Duke University, challenge the games of chance as regressive, inefficient means of raising revenue and suggest they prey upon minorities and the poor. The professors also wonder whether the lotteries' get-rich-quick appeal undermines the American...
...million ticket made him an overnight celebrity in 1981, hardly ranks in the major leagues anymore. Before his ship came in, he says, "my job was changing light bulbs in an office building, making $225 a week. I had anxiety attacks; I was not functioning. I won the lotto, and the anxiety disappeared." An ebullient Eisenberg still lives in Brooklyn, but with an ocean view. The biggest flyer he takes these days is modest but steady betting at local racetracks...
SOCIETY Look out! Lotto millionaires are everywhere...
...successor, observers say, will have a lotto learn if the University is to stay on coursetoward it's latest fundraising goals...
Legal gambling has spread into some of the most straitlaced parts of the nation. Take Iowa: six years ago, even church bingo games were illegal there. Now Iowa residents have some of the widest choices available in legal gambling. They can buy tickets in either the state lottery or Lotto America, an organization that some experts think may be the nucleus of a national lottery; it currently operates in eight states and the District of Columbia and expects to sign up two more states this summer. Iowans can also bet at one horse track and three dog tracks...