Lottery Turf War
I have to admire a 77 year old woman who has run a private lottery for as many years, if not longer, than Michigan has been in the gambling business. Not only that, her private lottery business paid off better than so called legalized gambling.
"Officials say Heloise Johnson, 77, of Oak Park was the “matriarch” of the private lottery, running it with her daughter and three adult grandchildren."
It’s a shame the state had to get their hands on the operation.
“Authorities break up private lottery, seize $2.2 million."
Reminds me of something I read, somewhere, which explained how the so-called numbers racket works.
Ya take bets on the last 3 numbers of the next day’s horse racing payout (if the payout is $432,897.65, the winning “number” is 765). It pays out at 600-1 if you win. Now the odds of course are 1 in 1,000, so the operators rake in a huge amount of money. I recall that the piece I read made out that this was a bad thing, but I immediately noted that those odds are far better than government lotteries.
Posted by John Lopez on 04/10 at 03:56 PM
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