This email went to Ohio legislators
August 6, 2008 | Ohio, industry | Comments (0)To all you payday lending hypocrites (excuse some errors in distribution):
I see that Ohio’s Keno is consistent with the 28% limit, except it is every
4 minutes!!!Anybody have a calculator to determine the annual rate of Ohio’s take?
Very truly yours,
Mike Coleman
P.S. For the mathematically challenged, Ohio is expecting to “earn” $.28 for every dollar bet per the Ohio Lottery projections. A single mother in Ohio can’t borrow $100.00 for emergencies, but she will have no trouble dropping a hundred in an hour at some Ohio bar. What a State!
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