Which is better Government run Lottery or private run Lottery

Viscore

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Quote from: stomachgrowls on August 07, 2019, 01:33:32 PM

Quote from: Finestream on August 07, 2019, 10:03:36 AM

Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

Main difference between a government and a private run lottery in terms of beneficiaries.For government i cant deny that they are more worthy to be played

yet we know on where these funds do end up which is for further development and assistance for those who in need.The only problem here is that these funds is being abused nor being corrupted thats why such decision on stopping it do happens.

The suspension has been over already and its old operation has started again. It's really sad to know that government officials are the one benefiting the funds from lottery which is supposed to be exclusive only for those needy people. I believe government run lottery is better than the private one because the funds will serve as an assistance for building infrastructures to serve the people and assistance also for those people who have been in mosfortune.

Tungsten-1

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Quote from: Finestream on August 07, 2019, 10:03:36 AM

Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

There is a concept in monetary economics called default risk and when it comes to bonds issued by government, the default risk is zero which means that you are very safe with investing you r money in bonds issued by government of your country. This should however be understood that investing money in bonds issued by another government does not promise this.

Finestream

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Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

FlightyPouch

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Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

It is more dangerous if they will let other private agencies or companies since they will be able to hide the corruption they are doing while the government can monitor that and it will be easy to blame since it is the government. Private companies can do a lot of things to cover up their corruption, the government or the people will never knew it.

Irvinn

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As practice shows, all of these state lotteries that were held by many states were much more transparent and simpler. People trusted them and without problems received those won that Fate gave them. But with regard to private lotteries there have always been negative statements. Perhaps this is all prejudice, but history points to something else.

goaldigger

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Quote from: robelneo on July 31, 2019, 01:42:07 AM

Philippine President Duterte suspended the operation of the government-run lottery because it is spam infested and many governments appointed officials are pocketing money coming from the sales, do you think it is much better to let a private company run the Lottery or they set up a monitoring board to check if all funds are all remitted..

Source : https://www.rappler.com/nation/236406-duterte-suspends-pcso-gaming-operations-july-26-2019

Your thoughts

Private or government, if the officials wanted to take the money that is intended for something else and corrupt them , its the same. We dont need another agency for this. We need different people because thats the problem as per the president. We know how much money the lottery has and there would always be people who will get tempted by it. For now the lottery is back and continue its business. Hope the president will resolve corruption.

Twinkledoe

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Quote from: Viscore on August 07, 2019, 06:50:51 PM

Quote from: stomachgrowls on August 07, 2019, 01:33:32 PM

Quote from: Finestream on August 07, 2019, 10:03:36 AM

Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

Main difference between a government and a private run lottery in terms of beneficiaries.For government i cant deny that they are more worthy to be played

yet we know on where these funds do end up which is for further development and assistance for those who in need.The only problem here is that these funds is being abused nor being corrupted thats why such decision on stopping it do happens.

The suspension has been over already and its old operation has started again. It's really sad to know that government officials are the one benefiting the funds from lottery which is supposed to be exclusive only for those needy people. I believe government run lottery is better than the private one because the funds will serve as an assistance for building infrastructures to serve the people and assistance also for those people who have been in mosfortune.

Government run lottery is better if they are really giving assistance to those who are in need. But most of the time, they are favouring individuals, depends on who you know in that institution. Corruption is also rampant. I guess we need to live in that kind of situation. Change is very far from happening in this management.

stomachgrowls

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Quote from: Finestream on August 07, 2019, 10:03:36 AM

Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

Main difference between a government and a private run lottery in terms of beneficiaries.For government i cant deny that they are more worthy to be played

yet we know on where these funds do end up which is for further development and assistance for those who in need.The only problem here is that these funds is being abused nor being corrupted thats why such decision on stopping it do happens.

Spaffin

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Oddly enough, in such situations, when you want to have some kind of confidence, we always turn to those events or companies that conduct or belong to the state. This applies not only to lotteries, but also to the banking system. If we are worried about our deposits, because banks may go bankrupt or disappear, it is best to make deposits with a state bank. This is not only a guarantee but also peace of mind. The same situation is with game lotteries, which a priori cannot be fraudulent, because it is carried out by the state.

qwertyup23

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Quote from: robelneo on July 31, 2019, 01:42:07 AM

Philippine President Duterte suspended the operation of the government-run lottery because it is spam infested and many governments appointed officials are pocketing money coming from the sales, do you think it is much better to let a private company run the Lottery or they set up a monitoring board to check if all funds are all remitted..

Source : https://www.rappler.com/nation/236406-duterte-suspends-pcso-gaming-operations-july-26-2019

Your thoughts

If a private company were to control the lotto industry, expect people to sway and deviate from this practice. The reason on why the government controls this type of gambling (although it has been branded as a corrupt system), they still have the power, authority, duty, and goal for the protection of its individuals in the society. Having to be controlled by a third-party would mean that it will be a LARGE-SCALE gambling for all people that derives it profit from a fraction of what people bet.

I doubt that a private company would even attempt to do this as people may get easily scammed from this scheme.

Dread Pirate Roberts

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For reasons of security, honest and fair, I prefer more to the government. but for prizes that are unique and give a lot more bonuses to run some trusted people aren't bad either. but in my country it is not possible to run a lottery. even gambling is illegal here in asian.

Fredomago

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Quote from: Finestream on August 07, 2019, 10:03:36 AM

Quote from: xSkylarx on August 07, 2019, 07:12:22 AM

I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

I also prefer for government run lottery because even if we keep on losing from this kind of gambling,we know that our losses might be very beneficial for those people who are badly needed some funds due to the calamities they have been experienced.Gambling may sounds negative to most of the people but when it comes to lottery,it brings positive effect to the mankind.

The intentions was really well but the executions coming from those corrupt government officials should also be taken placed, we knew how far the gambling profits able to reached out and helps those people who are really in need of money, the government allocates bigger portions of lottery earnings to help the charity if everything will be done according to the sole purpose then having the government to handle / run this gambling will be purposely used for enhancing the charity works of the government.

xSkylarx

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I would just choose the government to run lotteries. Atleast you know who will be held responsible if things go wrong, and the profit of those lotteries will help to develop the country's economy. If private group will handle it then the profit will just go to their personal interests.

Best Dreams

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Quote from: Barcode_ on August 05, 2019, 05:33:04 PM

Quote from: tsaroz on August 05, 2019, 12:25:15 PM

With the introduction of blockchain, a lottery run by smart contract is much more better than done by humans with manual drawings.
Government involvement in lottery may bring some credibility for the results but for most of the countries I know, government does not operate such scheme. And where it does, the bureaucracy has a bad track record that makes the lottery itself questionable.

I believe there are a lot of old people who likes to buy lottery tickets, and I think they would usually watch the numbers being reveal manually on live television broadcast. So it might be extremely difficult to explain to these group of people about provably fair system in a lottery draw by using the blockchain technology.

Well to spread awareness about lottery and the usage I think in society there should be some proper system. If governments will give transparency in lottery policy I am sure people will prefer using government system to adopt any policy the only thing is that maybe government will fix some tax in this regard.

DarkDays

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Government run lotteries are never lucrative. But they're always sure to pay out. And you never have to worry about whether playing that lottery would land you in jail or not. Where I am from, people are not really interested in gov. run lotteries simply because they have better alternatives and the private lotteries are well marketed.

However, one thing you should note is that government lotteries are usually tax free, whereas private lotteries often are not.

Barcode_

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Quote from: tsaroz on August 05, 2019, 12:25:15 PM

With the introduction of blockchain, a lottery run by smart contract is much more better than done by humans with manual drawings.
Government involvement in lottery may bring some credibility for the results but for most of the countries I know, government does not operate such scheme. And where it does, the bureaucracy has a bad track record that makes the lottery itself questionable.

I believe there are a lot of old people who likes to buy lottery tickets, and I think they would usually watch the numbers being reveal manually on live television broadcast. So it might be extremely difficult to explain to these group of people about provably fair system in a lottery draw by using the blockchain technology.

boyptc

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Quote from: rdluffy on August 04, 2019, 11:29:26 AM

It's very hard to detect frauds in this kind of lotteries

Yeah, if we don't know the process it's hard to accused. We can think of something inside the institution but it's still a hard guess and it's difficult to say without basis of accusation.

I'd prefer the gov't run lottery if there's a charity that they support and since it's from the authorities, it must be legit.

Oceat

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Quote from: tsaroz on August 05, 2019, 12:25:15 PM

With the introduction of blockchain, a lottery run by smart contract is much more better than done by humans with manual drawings.
Government involvement in lottery may bring some credibility for the results but for most of the countries I know, government does not operate such scheme. And where it does, the bureaucracy has a bad track record that makes the lottery itself questionable.

Only if the government want to introduce blockchain in the lottery but i highly doubt it if it would happen. As you can see the situation of cryptocurrency and fiat are still in a big debate that people and the government are trying to make a change to these two. But still, i want the government to take control of the lottery instead of some private sector to avoid such alarming issues.

Johnzky

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Quote from: aioc on August 02, 2019, 08:43:26 PM

I think it's not the lottery but the small town lottery that involves small number that works like a jueteng, lotto is now back after a few days, but the small town lottery are not, which is currently under investigations because this can be manipulated, even the cash distribution is manipulated.

Either the small town lottery (in which active in provinces)or the big lottery that is very famous ,what’s important here is the corruption that happening
There are billions of pesos involving here and the help that supposedly for poor people are being manipulated by the officials
I know the President Duterte is truthful to his promises for the peopl but the problem is his appointees in which. Doing the dirty job that affects his goals

tsaroz

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With the introduction of blockchain, a lottery run by smart contract is much more better than done by humans with manual drawings.
Government involvement in lottery may bring some credibility for the results but for most of the countries I know, government does not operate such scheme. And where it does, the bureaucracy has a bad track record that makes the lottery itself questionable.

Topic: Which is better Government run Lottery or private run Lottery (Read 821 times)