Ontario Lottery, Should somebody play?


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love_n_peace   
Member since: Jan 08
Posts: 269
Location:

Post ID: #PID Posted on: 24-01-08 13:49:27

Guys,

Are Ontario Lottery is real or govt.'s plan to earn money other than Tax? Any way 50% of money go to Health Canada. I never seen any desi won any lottery. What are your comments.


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kumar_vadivelu   
Member since: Jul 07
Posts: 114
Location:

Post ID: #PID Posted on: 24-01-08 14:21:07

First of all it is a Lottery but run by Ontario Lottery and Gamming Corporation (OLGC). Winning probability is less.


WHO ARE OLG

Created on April 1, 2000 under the Ontario Lottery and Gaming Corporation Act, 1999, the Ontario Lottery and Gaming Corporation (OLG) is a provincial agency operating and managing province-wide lotteries, casinos and slots facilities at horse racing tracks.
Our purpose is to make life better for people across Ontario by generating revenue provincially and economic and social benefits locally. Our vision is to be the role model for gaming entertainment worldwide, by creating excitement and possibility for customers and generating economic return while upholding the public's best interest.
Generating approximately $6 billion in annual revenues and $2 billion in annual profit for the Province of Ontario, OLG businesses directly employ 20,000 people and support nearly 11,000 independent lottery retailers.
OLG is responsible for five business divisions:
• OLG Lotteries
• OLG Casinos
• OLG Slots
• Resort Casinos
• OLG Bingo
Responsible Gaming
OLG is strongly committed to upholding the public's best interest by delivering its products and services in a socially responsible manner. On March 31, 2005, the Corporation launched its Responsible Gaming Code of Conduct, a blueprint to reduce the risk of problem gambling in Ontario. Through a series of initiatives, OLG is strengthening its corporate commitment, enhancing customer information and education programs and developing programs and polices that improve the gaming environment.
Ontario has one of the best-funded problem gambling strategies in North America. To date, approximately $113 million has been allocated to the Province's Problem Gambling Program.
Where the Money Goes
The Ontario Lottery and Gaming Corporation Act, 1999 directs gaming proceeds to provincial hospitals, sport, recreational and cultural activities, and to charitable organizations and non-profit corporations through the Ontario Trillium Foundation, and other government priority programs such as health care and education.

Visit the Link www.olg.ca/about/who_we_are/index.jsp


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hchheda   
Member since: Aug 05
Posts: 2245
Location: Woodbridge

Post ID: #PID Posted on: 24-01-08 15:07:44

My 2 cents...

Observation # 1 - Lottery winners are 'generally' poor money managers and hence file for bankruptcy within a few years.
Observation # 2 - Good money managers dont have money for lottery.

:D :cheers:

Hiren



Loser   
Member since: Sep 04
Posts: 1052
Location: Nice ,USA

Post ID: #PID Posted on: 24-01-08 18:38:14

It is just 2 $ so i play once a month. Agar jeeta to sikandar else 2 $ ka chai piya samjho.


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Big Vee   
Member since: Jan 05
Posts: 456
Location: Canada-Glorious and Free

Post ID: #PID Posted on: 25-01-08 09:22:32

Lottery is how the goverment taxes your dreams!

BV



BlueLobster   
Member since: Oct 02
Posts: 3409
Location: Mississauga

Post ID: #PID Posted on: 25-01-08 13:25:42

Quote:
Originally posted by Big Vee

Lottery is how the goverment taxes your dreams!

BV



Good one. :clap:


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RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 25-01-08 15:51:16

Quote:
Originally posted by hchheda

My 2 cents...

Observation # 1 - Lottery winners are 'generally' poor money managers and hence file for bankruptcy within a few years.
Observation # 2 - Good money managers dont have money for lottery.

:D :cheers:

Hiren



cooooooooooool........nice:clap:



Contributors: 905Desi(2) RBO(1) love_n_peace(1) febpreet(1) kumar_vadivelu(1) hchheda(1) Mony(1) Loser(1) Big Vee(1) BlueLobster(1)



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