Lottery tickets are only sold 20%

Vietnam
May 5, 2011 11:02pm CST
Lottery tickets are only sold about 20%, higher in some places, reached 60%, the remainder was destroyed, causing huge waste. That is the condition of many companies lotteries (lottery) today. I wonder that how can they get profits when there are some people winning?
4 responses
@sswallace21 (1824)
• United States
6 May 11
The more tickets they through away, the less likely someone will win. Pot continues to grow and they take a cut. Sound reasonabl to me.
• Vietnam
7 May 11
Maybe this is right. But I think that they can get much more profits if they can sell all tickets.
@stephcjh (32327)
• United States
6 May 11
I'm not really sure. I guess they get their money when they charge the winners, taxes on the money they have won.
• Vietnam
7 May 11
But the winners are not frequently. How they can get enough profits if there is only one winner?
@Jlyn10 (10916)
• Malaysia
6 May 11
I think that is good. That means not many people are gambling. Nobody knows exactly what is happening in the companies. They could easily announce any winning tickets, even the ones that are not sold. And nobody would even know about it. So, there are always profits in the gambling business.
• Vietnam
7 May 11
Maybe you're right.
@gaiza12 (4889)
• Philippines
21 May 11
I think they are just telling the people that there are winners when in fact there really isn't. they pay someone to act as winner and pay it for a lesser price. Since many are gambling, that is where they gain profit from it. Well this is just my hypothesis of where they can gain money from, I really don't have a proof that this thing happen. If this isn't true, then where could they have gotten so many money to give away as jackpots.?