Finance minister says he will review tax measures

KINGSTON, Jamaica -- Minister of Finance Peter Phillips, while addressing a meeting with a number of trade union leaders Thursday morning, indicated that he will be "conducting a review of the announced revenue measures and will shortly announce if any adjustments will be made". A release from the ... Read more

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Cash Pot outstripping Lotto 10 to 1

Observer Reporter

Monday, January 09, 2006    

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Everton Campbell has played Cash Pot many times and has won a few dollars here and there, but still he prefers playing this game over the higher-paying Lotto because he believes his chances of winning are better.

Campbell's preference is reflected in the 2005 Supreme Ventures Company Limited prospectus which indicated that Cash Pot continues to outplay its $50 million counterpart, the Lotto, as more Jamaicans believe that it is easier to win.

"Me play both of them still, but me feel that ah luckier with the Cash Pot," Campbell said. "I win couple times, about a $500, but nothing too big. I not sure if me will ever win Lotto."

President and CEO of Supreme Ventures Company Limited, Brian George says with Lotto the odds are 1 in 2.7 million, while for Cash Pot they are 1 in 36.

"So you can see why, perhaps, people prefer to play the latter," George said, pointing out, however, that while Lotto's odds are higher, people will still be enticed to play because it is a "bigger win".

George told the Observer that people's preference for Cash Pot might also have cultural and historical significance, since an old version of the game - known as Drop Pan - has been played in Jamaica for many years.

He also attributed the high revenues of Cash Pot to the frequency with which it is played.

"Cash Pot draws three times per day, unlike Lotto, which is played twice a week... this might have a lot to do with the numbers," he said in a telephone interview.

The company's prospectus records Cash Pot earning $10.6 million for the period between October 31, 2004 and October 31, 2005, while the Lotto brought in $1.4 million for the same period.

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