Monday, February 1, 2010

Thought of the Day - 02/01/2010

Have you heard the news?

Powerball is here in the Bay State.

That’s right. Because of a recent deal state Treasurer Tim Cahill entered with other states, Massachusetts is now one of 33 states that offer the Powerball lottery game to residents.

Many people here will be excited to be able to play. Because of the game’s size, jackpots are typically very large, making it very tempting to play. And tickets cost just $1. According to the Boston Globe, participating merchants had sold 85,000 by 2:30 p.m. yesterday, the first day Powerball tickets were available in Massachusetts.

But the real winners here are Massachusetts cities and towns, who will be the primary beneficiaries of the $25 million annual deal. Most of the money goes to local aid, and with the problems municipalities are facing these days, any money we can put toward local aid is welcome news.

Are you happy to have Powerball here in the Bay State? Do you think you’ll buy a ticket? Please let me know by posting a comment.