Keno sales underwhelming
Associated Press
The Ohio Lottery says sales for the new Keno lottery game didn’t keep pace with annual projections.
As of Aug. 31, Keno brought in $7.2 million and awarded $4.6 million in prizes.
A spokeswoman says weekly sales have been around $1.8 million since the game began Aug. 4.
It was projected to bring in $292 million annually.
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Filed by Associated Press September 7th, 2008 in Top Stories. Popularity: 4% |
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Comments
Comment from
the banker
September 7, 2008, 7:52 am
Wanna know why because people see hoe f’ing stupid this game is. Dont waste your money people your not gonna win buy crack at least you can get a good high.
Comment from
johnbear
September 7, 2008, 8:35 am
100% Gov. Strickland fiasco!! He and his cronies fight to the death to not let us have a casino. Well, he got the KENO game with a few perks thrown in for himself and his party,he lets it be played even though it is the biggest ripoff in any type of gambling. We will never have any type of casino in this state as long as this jerk is in office, so let’s all keep going to surrounding states to donate our money to them..
Comment from
jamato44012
September 7, 2008, 8:55 am
In order to make a better assessment of the program, could ALL of the expenses/costs associated with the program be presented as well?
Comment from
Dan S.
September 7, 2008, 2:26 pm
“Keno brought in $7.2 million and awarded $4.6 million in prizes.”
I’m surprised more people aren’t playing with odds like this!
Besides, the game is new and people might be confused by the rules.
The winter months might have been a better time to break out the game, with more people spending their recreation bucks indoors.
Comment from
SeanH
September 7, 2008, 9:40 pm
When it comes to gambling I think people are getting smarter with time. The Keno rules make it very clear the best odds you have are 4:1. That means for every 4 dollars you spend you will get 1 back. You might be up for a short period but the more you play the more the 4:1 odds averages out.
I am sure when they say it brought in 7.2 million and paid out 4.6 million they really mean it brought in 7.2 million before expenses and paid 4.6 million out. The game is programmed to pay out 4:1, and it result in no less or no more then 4:1 odds.
For entertainment it’s a lot cheaper to watch to TV at the bar instead of wasting money on Keno.
Comment from
Dan S.
September 8, 2008, 12:12 am
“I am sure when they say it brought in 7.2 million and paid out 4.6 million they really mean it brought in 7.2 million before expenses and paid 4.6 million out.”
Well then…
If that’s the case, the total expenses for that time period were quite high, considering cost of installing the equipment and the training of those using the system.
If that’s the case, I’m surprised they made a profit at all, considering the overhead for the specified period.
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