March 22, 2013

Keno Approved in Kentucky by Ky. Lottery Corp. Board

The board of the Kentucky Lottery Corp. voted to include keno as part of its offerings in order to boost the revenue of the state to pay for the unsustainable pensions of government workers in the commonwealth.

According to state Treasurer Todd Hollenbach IV, after about a decade the revenues for the state would increase by over $80 million annually.

Along with keno, online ticketing will be part of the revenue increase.

Lottery president and CEO Arch Gleason said keno across the state should be played as of January 2014. Internet ticket sales for scratch-off tickets, keno, and games played on the computer will launch in the early part of 2015.

If the changes are put into effect, there will be a new network put in place, which would involve the usual convenient store outlets, as well as new places such as bars, restaurants and bowling alleys. Retail outlets in Kentucky for the lottery now stand at about 450.

Martin Cothran of the Family Foundation of Kentucky said the online ticket sales and keno “is going beyond what the people were told was going to be included in the lottery” when it was passed in 1988 via a statewide referendum.

Cothran added that games of chance like Internet keno tickets, gaming tickets and online lottery sales, hurt the poor who are not able to afford to play the games. He added that it is the state legislature that should make decisions concerning games, not “some government agency.”

In other words, unelected officials are being used as government proxies for politicians to hide behind.

The real problem is nobody is talking about the real problem, which is pensions of government employees are far above that of the private sector, and there is no explanation as to why they shouldn't pay more into it, rather than attempts made to employ socially-costly gimmicks to raise money to fund the above-market pensions the private sector has been paying for.

If it goes forward, Cothran says the Family Foundation hasn't ruled out filing a lawsuit to stop it.

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