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How do they decide what a games odds should be?Reply
If you Google how to calculate lottery odds the search will return websites that will automatically calculate the odds for any game anywhere. It will also return websites that explain how the odd's are calculated, that's if you are inclined to do it yourself. Any lottery that tampered with a random number generator program would be a huge no-no and would make national headlines/news if they were caught doing it. That kind of news would be all over the TV from coast to coast. Consider Th
Jan 11, 2011, 9:23 am - GiveFive - Jackpot Games Forum

More shenannigans from the Illinois LotteryReply
i happen to know someone who works for KPMG (the auditors of the illinois state lottery) and he says its all on the up and up. everything is tested, the balls are weighed before and after the drawings, the machines are tested etc etc. he said it was almost overkill how much security they take into account for this. i should ask about the raffle drawings tho - a lottery official told me a computer makes the selections - GREAT! why wouldnt they at least have the 4 million dollar winn
Oct 20, 2009, 3:44 pm - Ice Man - Lottery Discussion Forum

Auditor rejects GOP plea to examine lotteryNews Story
The state auditor rejected a request from a Senate Republican to audit the Massachusetts Lottery. Auditor Joe DeNucci says the lottery already gets reviewed by accounting firm KPMG and that he may conduct an audit of the lottery next year. Senator Richard Tisei of Wakefield made the request, arguing that lawmakers need a better sense of the lottery's fiscal health. Tisei says he's hearing contradictory messages about how much money is being taken in and how much can be raised. Money fro
Oct 31, 2007, 11:06 am - Todd - Lottery News

Tennessee Lottery oversight committee to convene in NovemberReply
(from the above ) The Tennessee Lottery is paying KPMG between $80,000 and $95,000 to perform an audit, said Kym Gerlock, lottery spokeswoman. Seems a bit strange to me! I know if I had a shakey company, I would want to hire and pay the firm doing the audit. The State of Tennessee is right on top of this mess! ez
Sep 20, 2007, 3:34 pm - takeitez - Lottery News

Millions in Atlantic Lottery winnings under police investigationNews Story
Police will examine millions of dollars worth of questionable winnings by lottery retailers after an independent investigation revealed gaping holes in how the Atlantic Lottery Corp. protects its customers from dishonest sellers. In the latest blow to Canada's embattled lottery business, a forensic accounting team found what the Crown-owned agency described as unethical and suspicious dealings between some retailers and purchasers in Atlantic Canada. Larry Doherty, a vice-president at
May 14, 2007, 6:49 am - Todd - Lottery News

New Jersey: 5/1 - 5/31/2010Reply
Crow, Hang in there my friend! I know...been a big thorn in all our sides. I had mentioned in a post last month that a friend of mine was IT an auditor for KPMG and worked on operations with the state gambling commission. Pre draw is done as a so called 'system test', and they would run off an inconsistant range of pre-draws (anywhere from 4 - 10 per draw) prior to actual. You cannot convince me that that is not by design to throw the odds to the house! I am positive we could do some da
May 18, 2010, 10:31 pm - alibaba917 - Pick 3 Forum

Tennessee Lottery oversight committee to convene in NovemberReply
you can add more PIGS to the dinner plate in Tenn. and many other state lottery's ; CURRENT NEWS [roll mouse over blue arrows for info] SCIENTIFIC GAMES PRINTED PRODUCTS LOTTERY SYSTEMS DIVERSIFIED GAMING INVESTORS CORPORATE GOVERNANCE Board of Directors Board Committee Charters Code of Conduct Corporate Governance Guidelines Director Independence Guidelines Certificate of Inc
Sep 21, 2007, 3:15 am - computerhead723 - Lottery News

computerized drawings set to take over the lottery in a few years?Reply
Apparently there were two separate auditors to check the drawings Smartplay International Inc. and Gaming Laboratories Inc., both of which are based in New Jersey (hmmmm....). (Documented here: https://www.lotterypost.com/news/161364) The type of auditor you are referring to, like KPMG, audit the financial side of things, like jackpots, other prizes, distribution of funds, balance sheet, etc. The gaming auditors above are supposed to be able to determine if a drawing machine is operating
Aug 22, 2007, 1:16 pm - Todd - Lottery Discussion Forum

High gas prices and lottery spending.Reply
I will now only spend the same amount once the Jackpots get to a level that I like. If they are not at that level, I will not buy tickets. I live in an area of Michigan that rarely ever sees winners. I am tired of reading stories of people in SE Mich who have won multiple times like that guy who got two 1Million dollar winning scratch offs in the same store in Dexter...Or that guy in Saginaw who won the fantasy 5 twice. Or how about that terminal in Jackson that sold Million dollar raffle
May 19, 2007, 9:49 pm - Think - Lottery Discussion Forum

Jackpot winner resources: Who would you use? (CPA, Tax, Attorney, etc)Reply
what kind of health insurance do rich people have? I know they just don't pay out of pocket. Actually, being self-insured might make sense if you're rich. The insurance companies make huge profits because they spend less per insured than they charge. In essence, insurance is just like a lottery. Most people will spend more than they collect, and a few will collect more than they spend. Because of that, a good rule of thumb is to not buy insurance for losses you can afford without undue har
Mar 19, 2007, 3:37 am - KY Floyd - Lottery Discussion Forum