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When the state pushed lottery tickets, they gave the impression that the money from that would take be used for education and roads. Yep, the education budget is in trouble again. If casino gambling helps other states as much as the lottery helped Kentuckians, let them have it.
When the state pushed lottery tickets, they gave the impression that the money from that would take be used for education and roads. Yep, the education budget is in trouble again. If casino gambling helps other states as much as the lottery helped Kentuckians, let them have it.
Yep, so true. Also, just because we have one or two forms of gambling, why add more to the mix? That is not really a good justification. They lottery already gives people something to waste money on that they don't have. Unfortunately, it is not the people with a lot of disposable income that gamble their money away the most. It irks me when I see someone in the local quick market buying beer, cigarettes and $20 or $30 dollars worth of lottery tickets when they have 3 or 4 little kids in the car that are not clothed properly and look generally uncared for. Why give them another outlet for their stupidity close to home?
Yep, so true. Also, just because we have one or two forms of gambling, why add more to the mix? That is not really a good justification. They lottery already gives people something to waste money on that they don't have. Unfortunately, it is not the people with a lot of disposable income that gamble their money away the most. It irks me when I see someone in the local quick market buying beer, cigarettes and $20 or $30 dollars worth of lottery tickets when they have 3 or 4 little kids in the car that are not clothed properly and look generally uncared for. Why give them another outlet for their stupidity close to home?
Because it's called hypocrisy. It's called giving the voters the CHOICE. I don't care if it's voted down, as long as we have a vote.
And it's not up to you to decide where people spend their money.
Because it's called hypocrisy. It's called giving the voters the CHOICE. I don't care if it's voted down, as long as we have a vote.
And it's not up to you to decide where people spend their money.
I don't care if it's brought to a vote either, because it will not pass. I never said it was my decision where people spend their money, but since you are so interested in tax dollars, who do you think ends up taking care of people's families that waste their money on gambling?
Location: City - Prefer the country. People shouldn't have to live where they can't see the stars.
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Missy,
Quote:
It'll come to vote one day I bet.
OMG, I sure hope so. IMHO, if it is ever put before all the people of Kentucky, it will pass with flying colors. I just hope it won't be too late for Kentucky's place in the racing world.
I'm not saying Kentucky government will be prudent with their cut, I'm pretty sure they won't. You mentioned the lottery, and I remember their promises too. I also see how our schools are still struggling across the state. I guess part of the reason is no one ever held the Senate's feet to the fire, and forced them to make good on their promises. And maybe voters should accept some fault for that. It's time we take back what's our's. Our Senate has proved what they will do. They'll give themselves raises, buy a bunch of penny-whistles & Moon Pies, and then form a few more groups like The League of Cities.
But, the slots at tracks would allow the Kentucky tracks to plump up their purses, keep a full racing schedule, and hopefully keep trainers from taking their stables north. If those trainers head north, we will lose our status as the Thoroughbred Capital of the World. That title is worth millions.
87 years of racing history is hanging by a thread at Ellis Park: Ellis Park Thoroughbred Racing and Simulcasting and our stallions are taking a hit because we lack a significant breeding incentive program. Some farms are attempting to offer their own incentives, and that's a great thing. But shouldn't this industry be golden in this state??
Tobacco is gone, the taxation on our Bourbon industry is causing several distillers to consider operations elsewhere, and if we don't rally around the thoroughbred industry, it's international position is history as well.
Wildcat,
Quote:
I can tell you exactly why they fight against expanded gambling. It's called the horse industry.
No, I respectfully disagree. While that was absolutely true in the beginning, the breeding and racing incentives offered by several other states has put our horse industry in such dire straits, they've changed their minds...
I'm so amazed that after 4 pages of debate, no Kentuckian has mentioned the name David Williams. He's the Senate President from Burkesville (3 people that live on the Tennesee line) that's angry because they didn't pick his plan. And, he likes visiting casinos, just not here. He that thinks our politicians can't be trusted with that much money. Check out the third paragraph here: http://www.pageonekentucky.com/wp-co...tigambling.pdf
Now I'm thinking, if he is in fact correct, we need to change a bunch of politicians...
Last edited by DerbyCityDiva; 02-01-2010 at 01:25 PM..
my reasons against it are many. The first of which goes back to the lottery and how the money from the lottery was going to solve all our financial problems. Now it's gambling thats being pushed for the same reasons. I nearly puke every month when the welfare checks and SSI checks roll in and the convenience stores fill to the seams with people dependant upon redistribution of wealth spend my money on scratch offs! I guess slot machines will just give these people another option to spend my money. I'm here to tell you beshear has something to gain. He's spent his entire administration pushing it and it keeps getting shot down. Personally I think he should spend some time trying to get people off welfare instead of keeping them there.
With the Anderson's recent lottery win of $128.6 million, they probably are going to take the lump sum of $63 million. That leaves the rest of the $65.6 million to taxes. http://investing.businessweek.com/re...&ticker=WMT:US
Granted that Kentucky has only a share of that amount but we're talking millions and millions of additional income each month. Bottom line, we're gambling already and with the amount of income the state is getting, budget balancing shouldn't be that difficult.
There is also another theory about not wanting gambling. It likely won't affect every county - meaning most counties won't benefit from passing slots and casinos. Similiar to WHY Kentucky added another $1 per pack and $.50 per 6-pack last year - only 40 counties out of 120 can even sell alcohol so most of those politicians knew it did not affect their constituents.
With the Anderson's recent lottery win of $128.6 million, they probably are going to take the lump sum of $63 million. That leaves the rest of the $65.6 million to taxes. http://investing.businessweek.com/re...&ticker=WMT:US
Granted that Kentucky has only a share of that amount but we're talking millions and millions of additional income each month. Bottom line, we're gambling already and with the amount of income the state is getting, budget balancing shouldn't be that difficult.
There is also another theory about not wanting gambling. It likely won't affect every county - meaning most counties won't benefit from passing slots and casinos. Similiar to WHY Kentucky added another $1 per pack and $.50 per 6-pack last year - only 40 counties out of 120 can even sell alcohol so most of those politicians knew it did not affect their constituents.
---" That leaves the rest of the 65.6 million to taxes --
???????????????
Every big lottery I know of, the actual amount of the listed prize is actually phoney cuz you will only recieve that total amount if you take it spread out over about 30 years.
The actual amount of the Winnings is only about half, and you the pay your taxes on that amount ( $63 million in your example )
When one takes the cash amount and recieves about half the stated lottery prize, its because there never was the full lottery prize to begin with.
In your example, the actual jackpot never was $128.6 million.
That figure is gotten by figuring out how much $63 million could buy in an annuity, then taking the annual payments and multiplying that times 30 years
Lottery is very decieving the way they state the size of a winning jackpot.
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How is the state losing money?!?
