Tuesday, May 23, 2006

Another phony estimate?

A respected think tank in Michigan said in 2003 that the sale of the state lottery there could bring in one-time revenue of $1.3 billion to $2 billion. Yet, here in Illinois, with a similar size lottery, Rod Blagojevich is claiming a sale would bring in $10 billion.  That's crazy, considering it would take a company 15 years to recoup its $10 billion at the state's current annual revenue of $650 million.  Hmmmm.

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