Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : *** shutting down - please withdraw your coins ***
by
boumalo
on 06/09/2014, 14:08:35 UTC

Yes, but you can understand why then don't want the competition. Their games have a 50% house edge or so...

Pa lottery sales were $3.7 billion last year, of which they gave slightly over $1 billion to programs that benefit Pennsylvania’s elderly population.

The kicker is that administration costs were over $40 million. Now you just ran a game where the theoretical house edge was 1%, but in actually ended up 0.356%. Your administrative expenses were 10% of that number.

So there administration costs were over 1%, and they have no fear since they don't use a RNG. There should be a government organization to protect citizens from that kind of thievery.

Wait a minute ....

Approximately $1.87 billion was paid as prizes, $915.7 million to programs, $207 million was paid as retailer and vendor commissions, and $76.6 million was paid to advertising and operations.

so 300millions of costs

The 900millions don't directly benefit the ederly because they benefit the state and public agencies that get it; they pay the car, dinner expenses and travel of the managers of those organisations; maybe 20% benefit the ederly