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Lotteries

How Poker Can Tell Us If a Person Will Blow His Money

Don McNay | Posted 06.29.2013 | Business
Don McNay

Poker players frequently give off signals that tip off the kind of cards they have. It is the same thing in these conferences. I would actually pay the attorneys and clients to bring me to meditations as I can spot problems and make corrections before they get money in their hands.

The Case for Ending Powerball

Eli Lehrer | Posted 01.30.2013 | Politics
Eli Lehrer

Now, with the big drawing over and a few people much, much richer than they were on November 27th, it's a good time to look at America's lotteries. And an objective look at them reveals a simple truth: They're a bad idea.

Remembering People on the Other Side of the Economic Table

Don McNay | Posted 02.12.2012 | Business
Don McNay

As dad was dishing out food to homeless people, he was approached by a nun "What do you do for a living?" "I'm a gambler," replied my father. "Joe, this is the first time we ever had a gambler on THIS side of the table." Problem gambling has pushed a lot of people into poverty.

Should States Raise Revenues by Expanding Legal Gambling?

Dana Radcliffe | Posted 10.30.2011 | Politics
Dana Radcliffe

Many officials around the country are convinced that a dire fiscal situation warrants legalizing forms of gambling now barred in their states. Does it?

LeBron and the Entourage

Don McNay | Posted 08.14.2011 | Sports
Don McNay

A real friend would tell a guy like LeBron James that he is really messing up his image and his brand. But his yes-men entourage never will. They don't want to get kicked off the gravy train.

Legalized Internet Gambling in Washington, DC? What a Con.

Edward Ugel | Posted 06.15.2011 | Politics
Edward Ugel

Knowing just how broke the city is, the layman might think this plan is sound -- if not ingenious. But to those of us who know a thing or two about state sponsored gambling, this is going to be hell for DC residents.

Eva Peron Wins: The Pretension of a 'Savings Lottery'

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

Suggesting that America's savings problem be solved by establishing an Eva Peron-style lottery incentivizing those with little to save doesn't understand the dynamics at play in the American economy today.

Byron Crawford, Bard of the Backroads

Don McNay | Posted 05.25.2011 | Books
Don McNay

Crawford's new book, Kentucky Footnotes, appears to be anthology of some his most interesting columns from his 29 years as an award-winning columnist. It's more than that.

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

Be First in Your Age Group to Embrace Technology

Don McNay | Posted 05.25.2011 | Technology
Don McNay

The New York Times recently had a fascinating article about a car that Google is working on that can drive itself. I want one.

Money and the Magic Pill

Don McNay | Posted 05.25.2011 | Business
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

Betting on a 2010 Kentucky Derby Winner

Don McNay | Posted 05.25.2011 | Sports
Don McNay

Each year, I write a column on Derby Day, and if you have followed my advice, you have lost a lot of money. The large fields at the Kentucky Derby throw logic out the window. Still, the betting system I tour is a good one.

With Public Schools a Mess, We Can't Wait for Superman

Blaise Nutter | Posted 05.25.2011 | Impact
Blaise Nutter

Davis Guggenheim's new film, Waiting For Superman, is both a searing indictment of our education system and a desperate call-to-action to save our struggling schools.

Children Getting Too Much Money, Too Soon

Don McNay | Posted 05.25.2011 | Business
Don McNay

Many young people who blow their money look back and wish they had a second chance to do it right.

Happiness in the Post-Shopping Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.

Just Say "No" to Adult Children Wanting Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

You are not doing your children any favors by not allowing them to grow up. I'm OK with parents helping children through college (in four years, not forty), but after that they are on their own.

Video of What To Do When You Win the Lottery

Don McNay | Posted 05.25.2011 | Business
Don McNay

This video of Greg Stotelmyer of ABC36 in Lexington, Ky interviewing Don McNay, author of Son of a Son of a Gambler: What To Do When You Win The Lo...

Like Lottery Winners, Pro Athletes Also Blow Big Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

Even as a structured settlement consultant, I was stunned to learn that within two years of retirement, 78 percent of NFL players are bankrupt or under financial stress.

Free and The Search for Economic Innovation

Don McNay | Posted 05.25.2011 | Business
Don McNay

As we look at life after the financial crisis, we need to turn traditional thinking on its head. Picking up a copy of Chris Anderson's Free is a good place to start.

Powerball Jack and the Wall Street Bailout

Don McNay | Posted 05.25.2011 | Business
Don McNay

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

States Selling Addiction: "Why Not? We Need the Money!"

Stanton Peele | Posted 05.25.2011 | Home
Stanton Peele

Our financial and emotional needs now dictate that state governments sedate their citizens, while picking their pockets, from California to Kansas to the Mid-Atlantic.

Lottery Sales Up In Recession

AP | JUANITA COUSINS | Posted 05.25.2011 | Business

NASHVILLE, Tenn. — Even in these tough economic times, many people are feeling lucky. More than half of all states with lotteries have reported...