N.C. Rep. Paul Stam is here to help you with your gambling problem | News
News
INDY Week's news blog

Archives | RSS

Wednesday, January 13, 2016

N.C. Rep. Paul Stam is here to help you with your gambling problem

Posted by on Wed, Jan 13, 2016 at 2:23 PM

Rep. Paul Stam
  • Rep. Paul Stam

In anticipation of tonight’s $1.5 billion Powerball drawing, Rep. Paul Stam, R-Apex, sent out a press release to impart some words of wisdom unto us dolts who've been brainwashed into playing the North Carolina Education Lottery.

The largest-value “jackpot” in the history of the NC Lottery is up for grabs Wednesday night at $1.5 billion. Unfortunately, this also means that gamblers are prey to deceptive advertising techniques that the NC “Education” Lottery has employed since its inception. The problem is that there are not that many “jacks” in the “pot.” The NC “Education” Lottery advertises the “jackpot” at $1.5 billion, with an estimated cash value at $930 million if taken as a lump sum. But only the lump sum figure is the true value against which probabilities should be computed. The advertised value of winnings greatly exaggerates the prize. It could just as well be advertised as a “Trillion Dollar Jackpot” with the option of taking the money over 1000 years for the winner’s heirs. That would really get sales moving! But the prize would still only be worth the lump sum value. The NC “Education” Lottery uses deceptive advertising by deliberately causing gamblers to believe they have a much greater chance of winning a substantial sum of money than they actually do.

Translation: You are a sinner who will not win the lottery. And don’t think you’re helping fund education. Paul Stam is helping fund education.

Also, this is you:

Lottery gamblers disproportionately have lower incomes and less education. They are enticed to spend money for a reward they are much less likely to receive than they even imagine. If this were a private swindle it would be banned by the Federal Trade Commission. But since Lotteries are regulated by the States, they avoid those rules—and families suffer for it. It is time North Carolina protected its citizens from deceptive advertising by requiring common-sense advertising.

Translation: Paul Stam beseeches you and your poor, uneducated family not to succumb to this state-sponsored scam.

Read more about your miserable chances of winning the lottery below. Or call Paul Stam at (919) 362-8873 "for more information."  Paul Stam is a saint.

Powerball Press Advisory 1

  

Tags: , , , , ,

Pin It

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

Happiness is all i see now I never thought that I will live on earth before
the year runs out. …

by tim cucolo001 on Study: N.C. among 10 states with highest HIV infection, death rates (News)

I agree with all the comments. The board is and has been controlling everything. Nancy has been a puppet. She …

by Kay Bonquiqui on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

Most Recent Comments

Happiness is all i see now I never thought that I will live on earth before
the year runs out. …

by tim cucolo001 on Study: N.C. among 10 states with highest HIV infection, death rates (News)

I agree with all the comments. The board is and has been controlling everything. Nancy has been a puppet. She …

by Kay Bonquiqui on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

I agree with Momof6. I know some of the teachers that did not have their contracts renewed and they absolutely …

by shocked on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

I dont know what to say about this school. To be fair they do have many caring teachers. Unfortunately, the …

by Momof6 on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

School should be shut down and a thorough investigation, by external authorities, undertaken. This school is suspiciously evasive and promotes …

by Montessoriparent on Lawsuit Claims the Montessori School of Raleigh Refused to Act on Allegations That a Teacher Sexually Abused Students (News)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation