EDITORIAL GET RICH QUICK? MEGA MILLIONS A LOSING TICKET.IT turns out that get-rich-quick schemes A Get-rich-quick scheme is a plan to acquire high rates of return for a small investment. Most such schemes promise that participants can obtain this high rate of return with little risk. Most get-rich-quick schemes also promise that little skill, effort, or time is required. do about as much good for governments as they do for individuals, which is to say, not much. So when state officials thought that joining the multistate mul·ti·state adj. Of, relating to, or involving several states: a multistate environmental campaign. Mega Millions Mega Millions is a multi-state US$1 lottery game in the United States. Twelve U.S. states currently license Mega Millions as a provider of multistate lotteries in those states (29 states, the District of Columbia, and the US Virgin Islands license Powerball, Mega Millions' main lottery would be California's quick road to riches, they were wrong. Kind of like the ordinary lottery player, who also hopes in vain to strike it rich. State lottery A game of chance operated by a state government. Generally a lottery offers a person the chance to win a prize in exchange for something of lesser value. Most lotteries offer a large cash prize, and the chance to win the cash prize is typically available for one dollar. officials had anticipated that Mega Millions, along with the existing Super Lotto game, would bring in $1.4 billion in its first year. But the result was a more modest $1.2 billion, with the new game cannibalizing revenues from the old one. Still, overall sales inched up slightly, from $1.1 billion the year before, so at least the move wasn't a loser. But Mega Millions certainly didn't live up to the hype or the expectations. As any regular lottery play can tell you, the games rarely do. |
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