Recently I read a little blurb about Governor Strickland indicating that he wanted to revamp the Ohio Lottery because he thought the payout were too high at 59% of the revenue.
This is what is amazing about state sanctioned gambling.... 59% payouts?
Look, my buddies Sal and Tony run a little gambling thing known as illegal book making. The juice they get off the Sunday NFL games is only 10% of the take. They even extend credit although you don't want to be late on your payments.
This is the type of efficiency you get from a government run monopoly. Do you think the post office might be able to deliver mail at a price lower than the 41 cent stamp due out in May if it were run by UPS, Federal Express, et al?
In fact, I may mention it to Sal and Tony they might be able to make a few bucks from the delivery of illegal mail.
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