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Mass. lawmakers to challenge lottery horse-race gameNews Story
Key Massachusetts state lawmakers signaled yesterday that they intend to rein in the Massachusetts Lottery's plans to launch a virtual horse-racing game on Keno-style monitors later this year.At a State House hearing, the lawmakers questioned the lottery's legal authority to launch the game and whether the game should be allowed to proceed because of the potential impact on the state's struggling horse-racing industry.''You've overextended your authority to roll out this game, said Representati
Apr 15, 2005, 9:19 am - Todd - Lottery News

Return on InvestmentReply
The percentage of sales distributed as prizes varies from state to state. In New York state, according to their latest full year results for their traditional lottery (doesn't include video gaming at casinos), they sold $6.76 billion in tickets and paid just under $4 billion in prizes. This works out to a little over 59% of revenue paid out in prizes. This doesn't mean every game pays out 59% of its sales in prizes. Every game has a different payback percentage. The payback will vary in the r
Sep 1, 2011, 1:24 pm - Scratch-King - Instant ("Scratch-Off") Games Forum

Texas lawmaker aims to bring video gaming to stateReply
If I lived in Texas I'd welcome the video gaming. If government can raise revenue in creative ways to cover their reckless spending sprees I'd be all for it. I would even support the legalization of dope. Look at all the money that could be made there by taxing it. And look at all the money that could be saved in unnecessary law enforcement, legal, justice and incarceration expenses. It ain't like it's ever gonna stop dopers from doing dope anyway, anymore than prohibition stopped drinkers
Mar 14, 2011, 3:19 pm - rdgrnr - Lottery News

State lotteries losing revenue to 'jackpot fatigue' and casinosReply
Lotteries, by and large, rely on most players being near totally ignorant of the odds of the games being offered combined with horrible payback low as 40%. For a long time the strategy has worked due in large part to the novelty of games offering higher and higher jackpots at a nominal cost. $1 for a dream. However, that model is waning as the jackpot amounts no longer generate much excitement. $10 million annuity was once a big deal (yes really, way back), then later over $100 million (long
Jul 14, 2017, 1:08 pm - Ron5995 - Lottery News

Pool players ponder Powerball hypocrisyNews Story
Nobody was betting on $212 million at The Pour House on Friday.A week after Charleston police and State Law Enforcement Division agents raided a pool tournament at the Savannah Highway tavern, three patrons at the bar shook their heads no over their beer. They hadn't bought a $1 chance at the state-sponsored, long-odds Powerball game.The prize at stake in tonight's drawing for the multistate lottery payoff has climbed to more than $200 million for the second time in five months. The last time,
May 8, 2004, 2:10 pm - Todd - Lottery News

No lottery for WyomingNews Story
A proposal that would allow Wyoming residents to play Powerball without going out of state officially died Monday, but its sponsor is not giving up. The bill will be back next year if I am elected, Rep. Dave Edwards, R-Douglas, said.House Bill 20, which had seven Republican and four Democratic co-sponsors, was killed by Sen. Delaine Roberts, R-Etna, chairman of the Senate Travel, Recreation, Wildlife and Cultural Resources Committee. Roberts did not schedule HB20 for debate before Monday's noon
Mar 2, 2004, 6:00 am - Todd - Lottery News

N.Y. Lottery posts record salesNews Story
The New York Lottery posted record revenue and profit in its latest fiscal year, the state announced on Thursday. The lottery made $7.8 billion in sales of scratch-off tickets, other games and casino gambling in its 2009-10 fiscal year, which ended March 31. It is a 2.1 percent increase over the previous year, which was the old record-high. The lottery made $2.67 billion of profit, a 5 percent increase from the previous record, set last year. The profit is used to help fund K-12 education.
Apr 30, 2010, 6:46 am - Todd - Lottery News

N.C. Senate approves Internet sweepstakes banNews Story
The North Carolina Senate overwhelmingly approved legislation Monday to shutter hundreds of new businesses that bill supporters argue are offering just another form of illegal video poker where people buy phone or Internet time, then play games on computer screens to win cash and prizes. By a vote of 47-1, the chamber continued its long history of opposing video gambling, this time through electronic and computer-based devices springing up at new sweepstakes cafes or business centers. Nor
Jun 22, 2010, 9:40 am - Todd - Lottery News

W.V. Lottery ends 3-year losing streakNews Story
A three-year money-losing streak for the West Virginia Lottery has come to an end, as the agency saw an upswing in revenues for the just completed 2010-11 budget year, Lottery commissioners learned Tuesday. Fueled by the enormous success of table games at Charles Town's Hollywood Casino, and by a surge in sales for traditional scratch-off games, the Lottery saw a 3 percent jump in total revenue for the budget year, for a total of $1.39 billion. Things are picking up, it looks like, a litt
Jul 29, 2011, 6:54 am - Todd - Lottery News

Decision on privatizing Illinois Lottery 'within days'News Story
Illinois Gov. Pat Quinn could select a private firm to manage the Illinois State Lottery as soon as next week, but some lawmakers would rather keep the lottery under state government. Two bidders are vying for the right to privately manage the Illinois State Lottery. Earlier this week at a public hearing held in Chicago, the Northstar Lottery Group and the Camelot Group both presented their proposals to a state commission. The Northstar Lottery Group is a combination of three different com
Sep 10, 2010, 8:37 am - Todd - Lottery News