Wednesday, February 24, 2010

Bill Would Require Missouri Governor to Buy Lottery Tickets, Donate Winnings to State

Posted By on Wed, Feb 24, 2010 at 8:34 AM

Brainchild: Mark Parkinson
  • Brainchild: Mark Parkinson
Well, here's one way to make up for Missouri's projected $300 million budget shortfall for fiscal 2011.

A bill sponsored by state representative Mark Parkinson (R - St. Charles) would deduct $2 dollars each pay period ($4 per month) out of Governor Jay Nixon's paycheck for the purchase of a "Powerball lottery ticket each week on behalf of the citizens of the state."

The bill has a hearing this morning at 9 a.m. in Jefferson City, and is a blatant jab at Nixon who hopes Missouri will receive $300 million in federal stimulus funds for fiscal 2011 to make up for the budget gap.

The bill further states:
Any winnings collected must be deposited into the fund until it exceeds $300 million. At that time, the Governor is authorized to dissolve the fund and transfer the moneys to the General Revenue Fund for the purpose of filling any budget shortfall.
Oh, and as the Columbia Missourian pointed out this week:
The odds of winning the jackpot in Powerball -- a multi-state lottery -- are one in 195,249,054, according to the Missouri Lottery Fact Book.
Hat tip Plog.

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