Senate passes lottery privatization

Full story: The Indianapolis Star

The Senate voted 27-20 today to let Gov. Mitch Daniels lease the Hoosier Lottery to a private company and use the proceeds to fund life-sciences research and create scholarships.

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whatkindofplacei sthis

Elgin, IL

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#21
Feb 27, 2007
 
Amazing---Legislation from the Senate moves to the House. Isnt it suppose to be the other way around? House to Senate is the way most of the Country works. What kind of rules is this State following. How about using a Democratic form of Government whereby the House initiates legislations. Entirely too much malarchy going on here. Thats ok, people are seeing the true light of things. Just when, will people have a voice in Indiana?
whatkindofplacei sthis

Elgin, IL

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#22
Feb 27, 2007
 
By the way, I guess the House today blew smoke Mitches Way. I love it!!!!Go back to Iowa Mitch and sell your ideas there!
Ron English

Newburgh, IN

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#23
Feb 27, 2007
 
This plan has not been thought through. Last minute additions to the bill just to get it throught the senate. Stopping brain drain is good, but not in this fashion.
There are so many problems with this in the long run that it just doesn't make sense.

Do you ever get the feeling that people will sign off on anything without looking at consequences. 10-20 years from now we will all be asking who got us into this mess.

Just unbelievable. Out of all of the plans this one is the worst.
Using bond issues would be much better without giving up control of profits.

Since: Dec 06

West Central IN

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#24
Feb 27, 2007
 
I've been saying all along that if someone is willing to pay $1B upfront and $200M for 30 years the state is throwing a lot of $'s away. If the lottery commission can't run the lottery efficiently, then let's consider leasing out the operation with a bonus for increases in net lottery revenue to the state. That makes sense to me. Oh wait - that's why the politicos won't think of it.
glad your moving

United States

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#25
Feb 27, 2007
 
Proud Black and Educated wrote:
Could care less about party affiliation, just doesn't seem to make sense. We are trying to bring more life sciences jobs into the state while Lilly et al are sending more and more of their scientific and research positions to India and China for cheap wages. So with these companies cutting jobs not increasing them it seems we are selling the lottery off to put money down a black hole. Furthermore these are highly technical jobs that the majority of people out of work in Indiana arenít qualified to perform. So what do you think theyíll do, bring in people from other states. I am glad we are putting an initiative in place that will help companies hire out of state workers. A better idea might be to make college free for anyone from Indiana who would like to attend. If I didn't have massive student loans I would be thinking of practicing in Indiana when I graduate law school. Instead I'm going to Chicago where they pay enough that I can live and pay my loans off. Most people leave Indiana because our wages are depressed even if you add in standard of living. I know Chicago is expensive, but it isnít $30,000 a year less in pay expensive. Now if I didnít have loans, I might be willing to take a lower paying job. As a matter of fact I might be willing to take a job at a non-profit that helped the community. Instead my debt is so high, I have to go to the highest bidder so I can afford to eat and pay my loans.
GLAD YOUR MOVING SO YOUR DEBT AND IGNORANCE DOES NOT INFECT INDY
matt

Indianapolis, IN

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#26
Feb 27, 2007
 
Dave wrote:
Yippeee! Way to go Mitch. I am so glad you don't listen to all the liberal idiots. Do whats best for the state and keep raking in the cash
Raking in the cash? Do you think your going to get a piece of it? It will all go to Mitch's buddies. Just like the toll road scam. All highway jobs were evaluated again and most double in cost. Consultants and contractors are eating it up. You better check and see how much of that 3.8 billion is left. He is selling us out. Wise up fool!
DAZ

Louisville, KY

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#27
Feb 27, 2007
 
I would imagine that the state will cut costs by not running or promoting the voluntary taxation plan known as the lottery. The state will also reap some upfront payments. Whoever is willing to run the lottery must have crunched the numbers and saw that it was good business to pay a large amount of money for the right to run the lottery. They must have know that the state is not cost effective at running anything. I wonder what the state takes in yearly from the lottery versus what they collecting in payments. Right now I think the leaders in this state would sell their mothers.
Common Sense

Fort Knox, KY

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#28
Feb 27, 2007
 
Too Much TV wrote:
<quoted text>
So can we assume that all of the Dems that voted against it were just trying to save their seat?
No. We can assume the Dems are doing what the people want and the five R's are also doing what the people, not the governor, want so they also can get re-elected.
Chilly

Louisville, KY

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#29
Feb 27, 2007
 
Yeah!!!! Smaller government. Government shouldn't be in the business of gambling.
Proud Black and Educated

Indianapolis, IN

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#30
Feb 28, 2007
 
glad your moving wrote:
<quoted text>GLAD YOUR MOVING SO YOUR DEBT AND IGNORANCE DOES NOT INFECT INDY
So I was ignorant to get and Education? Huh? Sounds like someone works at McDonalds. If you hadn't noticed yet, only rich kids leave school without debt. There are so few full ride scholarship and even fewer grants that can cover both room & board that you can only leave college without loans if youíre lucky or more likely MOMMY & DADDY paid for it. Go back to McD's and I'll go to Illinois were they pay people. Of course I have a feeling if you left the brain drain would reverse for a day because of all the ignorance that left the state.
what are you reading

Carmel, IN

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#31
Feb 28, 2007
 
matt wrote:
<quoted text> Raking in the cash? Do you think your going to get a piece of it? It will all go to Mitch's buddies. Just like the toll road scam. All highway jobs were evaluated again and most double in cost. Consultants and contractors are eating it up. You better check and see how much of that 3.8 billion is left. He is selling us out. Wise up fool!
No where did I say I was getting any. Sorry, I dont need the govt to give me handouts like some.

Mitch is doing what is best for the state. A huge initial payment, years and years of income. Tell me again which part of this is bad, cause i am not seeing it.
Joe

United States

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#32
Feb 28, 2007
 
what are you reading wrote:
<quoted text>
No where did I say I was getting any. Sorry, I dont need the govt to give me handouts like some.
Mitch is doing what is best for the state. A huge initial payment, years and years of income. Tell me again which part of this is bad, cause i am not seeing it.
The lottery license will be sold at a discount to political insiders. Huge profits will follow as the odds of winning are decreased, and advertising and distribution are increased. The new owners will expand gambling as the economy worsens thus increasing profits.(lottery profits are inversely related to a good economy)

Ultimately the exclusive state lottery license will be sold and windfall profits will be taken in by the political insiders instead of the state treasury.

I think that sums it up pretty nicely.
Guido Hemphill

United States

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#33
Mar 3, 2007
 
No one makes you throw away your money on the Lottery. It's a tax on stupidity.
U GO GIRL

Valrico, FL

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#34
Jun 26, 2007
 
Proud Black and Educated wrote:
Could care less about party affiliation, just doesn't seem to make sense. We are trying to bring more life sciences jobs into the state while Lilly et al are sending more and more of their scientific and research positions to India and China for cheap wages. So with these companies cutting jobs not increasing them it seems we are selling the lottery off to put money down a black hole. Furthermore these are highly technical jobs that the majority of people out of work in Indiana arenít qualified to perform. So what do you think theyíll do, bring in people from other states. I am glad we are putting an initiative in place that will help companies hire out of state workers. A better idea might be to make college free for anyone from Indiana who would like to attend. If I didn't have massive student loans I would be thinking of practicing in Indiana when I graduate law school. Instead I'm going to Chicago where they pay enough that I can live and pay my loans off. Most people leave Indiana because our wages are depressed even if you add in standard of living. I know Chicago is expensive, but it isnít $30,000 a year less in pay expensive. Now if I didnít have loans, I might be willing to take a lower paying job. As a matter of fact I might be willing to take a job at a non-profit that helped the community. Instead my debt is so high, I have to go to the highest bidder so I can afford to eat and pay my loans.
I agree with your post.
Good Luck to you in Chicago!
Dog

Wessington Springs, SD

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#35
Jul 28, 2013
 
Tire

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