Malsetid
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August 02, 2019, 08:25:36 AM |
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Not sure about how government lotteries are run and paid out but I remember having a chat with someone and was told you don't get paid the full amount when you win...I could be miss informed but it makes sense to withhold the cash but hey private lotteries are better because you certainly get your winnings without any external factors being considered.
Government lottery are tax free and I don't think they will not release your whole winnings, maybe you are referring to private lottery and I think with that, they violated the law. Government are safer than private as we can ensure that the government has enough funds to pay the winner/s. It's not tax free. Or it probably depends on which government we're talking about. Of course the state would tax the winners and i'm sure they don't really get all of the amount they won. If we're talking about philippine lottery, i'm sure it's taxed. Try googling it. Though when it comes to private vs state run lotteries, i'd prefer the latter. It's too easy to get scammed by unregulated private lotteries.
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Questat
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August 02, 2019, 08:54:26 AM |
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I prefer the government run, they own everything here, all they need are people who are honest and transparent, it's a good source of revenue for the government, instead of a private company making millions, they can use that million to add revenue to fund the government projects, in the Philippines they funded many hospital and charity homes, so it should stay in the government.
It's hard to find an honest employee if the law is not so strict against people who are corrupt in service. Everything should start with a law and impose it strictly and for sure that will create an honest employees. When Lottery is run by private institution, there's a chance that they would not be able to remit the correct tax. Also, I don't think lottery will be given to the private when this business has no risk for operators, they just have to facilitate the game and pay the winners out from a certain percentage of the total collection, that's an easy money.
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zhea
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August 02, 2019, 08:57:58 AM |
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Not sure about how government lotteries are run and paid out but I remember having a chat with someone and was told you don't get paid the full amount when you win...I could be miss informed but it makes sense to withhold the cash but hey private lotteries are better because you certainly get your winnings without any external factors being considered.
Don't know what you are talking about here but we are talking here on the privatization of lottery games. Meaning, the games will be handled by a private entity and pay the government the corresponding taxes with regards to their revenue but for me it is not good to give this to a private entity. They will only be the ones taking advantage of the people's money and how can we be sure that this lottery games won't be corrupted anymore.
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Ranly123
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August 02, 2019, 09:12:36 AM |
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Lottery run by government would be better I think, since the money its generated can be used for many other good things which for sure can increase the development on some aspects. Long time ago, when the lottery still allowed here in my country, I can feel the impact. But unfortunately, because of the many people who aren't happy with this type of game (gambling), the government had to stop it!
That's right generated money from lottery that was operated by the government is used for charity and health needs for their constitutes. In any case, these will only be possible if the politicians behind this lottery is not corrupt.
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DoublerHunter
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August 02, 2019, 09:26:17 AM |
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Lottery run by government would be better I think, since the money its generated can be used for many other good things which for sure can increase the development on some aspects. Long time ago, when the lottery still allowed here in my country, I can feel the impact. But unfortunately, because of the many people who aren't happy with this type of game (gambling), the government had to stop it!
That's right generated money from lottery that was operated by the government is used for charity and health needs for their constitutes. In any case, these will only be possible if the politicians behind this lottery is not corrupt.^ The big question is most politicians now is being corrupt, let us accept the fact that some of them doing that now(excuse for those doing good). Even a lottery run by a private or in a government company there might corruptions happen. So, the best solution of this is to have a weekly or monthly audit of all sales they had. The charity also good from a gambling lottery because they can help people in need.
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Fredomago
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August 02, 2019, 09:31:49 AM |
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Lottery run by government would be better I think, since the money its generated can be used for many other good things which for sure can increase the development on some aspects. Long time ago, when the lottery still allowed here in my country, I can feel the impact. But unfortunately, because of the many people who aren't happy with this type of game (gambling), the government had to stop it!
That's right generated money from lottery that was operated by the government is used for charity and health needs for their constitutes. In any case, these will only be possible if the politicians behind this lottery is not corrupt. When there's money expect that there's corruptions inside the government if only this types of business can be done without corruptions it should be used in a much proper ways then it can be useful from the people around that specific countries who's catering the draw of that lottery, private sectors can get affiliations but the main beneficiaries should be the people who's going to benefits.
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klaaas
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August 02, 2019, 10:29:29 AM |
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Both wont differ much if the same rules are in play. If you have to question one of both it is maybe wiser to not join that lottery. I remember having a chat with someone and was told you don't get paid the full amount when you win Could depend if the advertised amount is taxed or not.
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DeathAngel
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August 02, 2019, 11:56:27 AM |
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I trust government run lotteries much more than privately run ones. Tbh I don’t even play the lottery any more but when I did it was always my countries government run one. Your chances of winning the lottery are so low, that’s why I stopped playing.
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beerlover
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August 02, 2019, 07:40:02 PM |
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I would still prefer the Government to control lottery. I think we've had enough privatizations in the last few decades and we already know the consequences. The ban has been lifted already by the way.
Maybe you should give better reasons why you want it handled by the government aside sentiments because for me, I feel this lottery projects are better handled by private considering the rate of corruption in the government sector, I think even before now, lotteries have always been handled by private sectors and it was well taken care of, I think those times it was referred to as Numbers, not so sure but was controlled by gangs. One challenge then was with the fact it was been ran by related gang influence. Government then decided to take over considering the money that could be generated , but then they should also understand that this is two sided, in as much there is a lot of money collected from tax, there is also money going into rehabilitation and prevention of addiction by gamblers. For me, it’s still better this is left in the hand of private .
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Hypnosis00
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August 02, 2019, 10:58:05 PM |
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Both are treated well as they are all legit games unless there is something wrong in the registration. Lottery is a big gambling games and of huge prizes which it eventually drive people to try. TBH, I'll been doing lottery games and surprisingly I won the least amount and I'm already happy with that and to prove that thete is no manipulation inside. It is government lottery games.
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Chrystora123
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August 02, 2019, 11:07:43 PM |
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I chose the private-run lottery...
I think only 1 advantage that makes government lottery better than private lottery that is "Reliable" but the weakness of the government lottery there is a high possibility of manipulation or fraud. cmiiw
The private-run lottery is better, but not traditional private run lottery... Private-run Lottery which uses the blockchain system is the best, safest, and fair... you should only use a lottery platform that uses blockchain technology, don't just want to be tempted by big ROI.. investigate the platform very detailed.
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Johnzky
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August 02, 2019, 11:21:23 PM |
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Philippine President Duterte suspended the operation of the government-run lottery because it is spam infested and many governments appointed officials are pocketing money coming from the sales, do you think it is much better to let a private company run the Lottery or they set up a monitoring board to check if all funds are all remitted.. Source : https://www.rappler.com/nation/236406-duterte-suspends-pcso-gaming-operations-july-26-2019Your thoughts Why need to run by private company when the only thing we need is a will power to have a monitoring body for the officials not to pocket the money from the gambling site How.much the earnings we can have running this and we will just let private company to have this?no we must not because the money from the Lottery can help many people in need
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pixie85
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August 03, 2019, 12:40:04 AM |
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I would still prefer the Government to control lottery. I think we've had enough privatizations in the last few decades and we already know the consequences. The ban has been lifted already by the way.
It's rare for people on crypto forums to support centralization and believe in the fairness of government officials but it happens. When I see people speak against privatization and in support of strong centralized power I lose my faith in humanity. A private lottery can be as corrupt as the one run by your government but you can speak against it freely. A corrupt government has the power to control the media and shut down protests. It's also better at hiding the money.
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aioc
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August 03, 2019, 01:43:26 AM |
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I think it's not the lottery but the small town lottery that involves small number that works like a jueteng, lotto is now back after a few days, but the small town lottery are not, which is currently under investigations because this can be manipulated, even the cash distribution is manipulated.
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mu_enrico
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August 03, 2019, 05:55:41 AM |
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Damn! That machine though... Meanwhile, a lottery in Indonesia is more manual. https://www.youtube.com/watch?v=K42AeAFqPs0I'm not saying they were cheating, but this practice opens many "loopholes" in the drawing: - Not random enough; - We couldn't verify the coupons one by one; - Paid actors with sleight of hands; etc.
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NavI_027
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August 03, 2019, 09:17:21 AM |
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I wasn't expecting that this one could be worse ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . Is this really a government-run lottery in Indonesia? I can't believe it. With such rules and mechanics, the transparency of the game itself is very doubtful. They should start doing it the electronic way because it is a must. - Paid actors with sleight of hands; etc.
I guess this is the best way to cheat that game especially that bulk of coupons around your body can serve as your blind spot to do the trick and the act will be a lot easier if there are no CCTVs in there.
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mu_enrico
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August 03, 2019, 10:56:10 AM |
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Is this really a government-run lottery in Indonesia?
No no, it's a private-run lottery since gambling is illegal in Indonesia, but only if the tickets were bought. In this case, the lottery tickets were more like a giveaway. Almost all lottery draw is like this AFAIK. Anyway, whether it's private or public (government), we cannot tell if the party is honest or not; hence, the on-chain lottery could be the solution to this problem.
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Janation
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August 03, 2019, 11:12:01 AM |
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Both are treated well as they are all legit games unless there is something wrong in the registration. Lottery is a big gambling games and of huge prizes which it eventually drive people to try. TBH, I'll been doing lottery games and surprisingly I won the least amount and I'm already happy with that and to prove that thete is no manipulation inside. It is government lottery games.
I would still prefer to have government lottery games than the private one because the funds that have been collected from lottery are intended for a good purpose and that is to give assistance to the people whenever calamity comes. The suspension has been over already and the operation has already started again. It is funny though since there are a lot of people bashing the President about that. I never thought that this would be a big thing since I thought people would not care whether the government holds it or not. To be honest a lot of people are so addicted in putting their own numbers into lotteries in the Philippines. Lines and lines of people are still paying for their lottery tickets despite the fact that the possibility of them winning is so low. I think the President has the right decision to end the suspension, the government better holds it than private companies, that will have a higher chance of being robbed.
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kaya11
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August 03, 2019, 09:45:25 PM |
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Both are treated well as they are all legit games unless there is something wrong in the registration. Lottery is a big gambling games and of huge prizes which it eventually drive people to try. TBH, I'll been doing lottery games and surprisingly I won the least amount and I'm already happy with that and to prove that thete is no manipulation inside. It is government lottery games.
I would still prefer to have government lottery games than the private one because the funds that have been collected from lottery are intended for a good purpose and that is to give assistance to the people whenever calamity comes. The suspension has been over already and the operation has already started again. It is funny though since there are a lot of people bashing the President about that. I never thought that this would be a big thing since I thought people would not care whether the government holds it or not. To be honest a lot of people are so addicted in putting their own numbers into lotteries in the Philippines. Lines and lines of people are still paying for their lottery tickets despite the fact that the possibility of them winning is so low. I think the President has the right decision to end the suspension, the government better holds it than private companies, that will have a higher chance of being robbed. The thing is they should have just probably kept their money, almost everyday after work they pile up in the lottery booths to get their numbers. The chances of winning is slim an yet they still do it. I really believe that the current president is concerned on his fellow men and that is why he is stopping it, the lottery companies don't feel the guiltiness, all they want is dirty money, even though it is coming mostly from the poor. The people are blind by those winning pots, and don't even think about the fairness at all.
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fortunecrypto
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August 04, 2019, 12:58:45 AM |
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Is this really a government-run lottery in Indonesia?
No no, it's a private-run lottery since gambling is illegal in Indonesia, but only if the tickets were bought. In this case, the lottery tickets were more like a giveaway. Almost all lottery draw is like this AFAIK. Anyway, whether it's private or public (government), we cannot tell if the party is honest or not; hence, the on-chain lottery could be the solution to this problem. I believe in the chain lottery, like the provably fair in an online casino, but the draw is held in national television, all balls are weigh-in to make sure no balls with a number on it will have an advantage over the others, and the air that circulates to get the winning ball, are also monitored, so far that's the fairest we can get.
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