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The Illinois Lottery

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I find this story hard to believe. The State of Illinois has told its lottery winners that they'll be getting IOUs, not actual cash, because Illinois is so poor.

Really? Isn't that particular expense supposed to pay for itself? That is, the losers pay for the winners, and the state takes a cut like bookies from time before memory and casino managers from memories before time?

How did that become so complicated?

Heck of a recommendation for government as an institution: capable of screwing up even the numbers-running racket.

And as cynical as I may be about governments, this story is still hard to believe. what is there we don't know yet?

Comments

  1. As far as I understood IOU is some kind of the debt acknowledgement paper. They are taking advantage of the trustful people. And when are they going to pay them? What about the state watchdogs, what are they doing!? I was reading TheLotter review and was about to play it online. Fortunately I came across the news.

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