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To clarify: you are buying a lottery ticket on behalf of the charity, so if the ticket wins, the charity gets the money ? |
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No, you're simply making a deductible donation to a charity for which you get a receipt. But it's run by the lottery corporations (the ones which proceeds go to charity) and sold alongside the regular tickets. They look very similar to lotto tickets as well. |
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Great idea, but how does the lottery company make enough profit? |
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// how does the lottery company make enough profit? // |
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Oooh, tough one. Maybe they could make use of their licence to print money, or perhaps employ their franchise to tax the stupid ? |
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The lottery companies concerned are the ones who fund charitable organizations. Consider this a ticket that they don't have to enter into the draw, ie: they have your $5 and you have a $5 deduction on your income tax, which is more than you're going to get from playing the lottery. |
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//they have your $5 and you have a $5 deduction on your
income tax// Essentially, a bog standard charitable
donation, the novel feature being the way it's marketed [+] |
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An alternative idea: <link> |
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