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Indiana Senate approves lottery sell-offNews Story
Administration officials worked the back of the Senate chamber Tuesday and managed to secure just enough support to pass Gov. Mitch Daniels' plan to privatize the Hoosier Lottery. The 27-20 vote comes from a GOP-controlled chamber that is far friendlier to the governor's plans than the Democratic-held House, where Senate Bill 577 heads next. The legislation authorizes the state to enter into a contract with a private operator to run the lottery for the next 30 years. In exchange, the st
Feb 28, 2007, 9:06 am - Lottery News

Indiana Lottery privitization takes big step forwardNews Story
Indiana Gov. Mitch Daniels' plan to privatize the state lottery took a major step forward Tuesday when a key Senate fiscal panel narrowly approved the proposal. The 7-5 vote came after educators and business leaders lined up to support leasing the Hoosier Lottery to a private operator in exchange for $1 billion toward a life sciences initiative and scholarships meant to keep smart Hoosier kids in Indiana. One Republican joined the four Democrats on the committee to vote against the measure
Feb 21, 2007, 8:35 am - Lottery News

Will Maryland sell off its lottery?News Story
With a huge cash crunch on the horizon and soaring demands for school construction, new roads and mass transit, some Maryland lawmakers are talking up the idea of selling one of the state's most valuable assets: the lottery. The idea has grown popular since the governor of Illinois proposed doing the same thing last year. The governors of Indiana and Texas have suggested similar moves, and discussions of the idea are taking place in Michigan and New Jersey. Maryland faces a gap of $1.3 bil
Feb 15, 2007, 12:15 pm - Lottery News

Texas Gov. proposes selling the lotteryNews Story
Texas Gov. Rick Perry said Thursday that his State of the State address on Tuesday would include a plan to fully privatize the Texas Lottery by selling it to private interests. Perry said such a sale would raise substantial funds that could be used for health care and research. Other states, including Illinois and Indiana, are looking into the concept, which allows a state to collect a large lump sum to replace future lottery revenue. The proposal is likely to be controversial because t
Feb 2, 2007, 5:46 pm - Lottery News

Michigan latest state to consider selling its lotteryNews Story
'Bad idea' continues its rampage through the USA Michigan has become the latest in a growing list of states to consider selling off its state lottery in a scheme to fix the state's budget problems. The move was being discussed at the Capitol as lawmakers and administrators look for ways to deal with an $800 million budget shortfall this year, and possibly even larger hole in the year ahead. Democrat Gov. Jennifer Granholm is expected to announce plans for dealing with the state's struct
Jan 27, 2007, 9:34 am - Lottery News

Illinois Is Putting Lottery on Block for Quick PayoffNews Story
The state of Illinois yesterday took the first steps in selling its state lottery system, hoping to attract as much as $10 billion from investors who, in return, would own a monopoly that could turn out to be the biggest jackpot yet. The sale, which may occur as early as the spring, would not be the first privatization of public property - both Chicago and Indiana have recently earned billions of dollars by signing long-term leases with private companies to run toll roads. But the proposed l
Jan 23, 2007, 8:11 am - Lottery News

Indiana Gov. wants to sell lotteryNews Story
As details continued to leak out Wednesday about Indiana Gov. Mitch Daniels' plan to privatize the Hoosier Lottery, reaction from area lawmakers was less than encouraging. Daniels is expected to unveil the proposal which would likely raise money for higher education at 11 a.m. today. Wells County Republican Rep. Jeff Espich was briefed on the idea a few weeks ago along with other key lawmakers. His understanding of the plan was to entice a private entity to run the lottery in exchan
Dec 14, 2006, 8:18 am - Lottery News

Australian lottery sale proposal 'a gamble'News Story
A NSW opposition plan to sell NSW Lotteries to help pay for drought projects would amount to a gamble on the security of the state's water resources, Premier Morris Iemma says. Opposition Leader Peter Debnam wants to sell NSW Lotteries, from which the government earned $381 million in 2005/06, to help pay for a $1 billion drought-proofing water fund. It's expected a coalition government would earn around $800 million from the sale, details of which Mr Debnam will finalise after consulting
Dec 11, 2006, 7:45 am - Lottery News

N.J. considering privatizing lotteryNews Story
Gov. Corzine approach to N.J. financial woes: sell everything, including the lottery State officials are studying whether selling the New Jersey Lottery to a private company can reap big money for cash-strapped state coffers, Treasurer Bradley Abelow said yesterday. Abelow said letting a private firm buy the lottery and collect its substantial winnings is one idea gaining favor as part of a year-long review of whether the state should sell or lease public assets such as the New Jers
Nov 2, 2006, 8:53 am - Lottery News

Court dismisses lottery suit, orders man to pay feesNews Story
A man who sued the Ohio Lottery Commission, claiming that the lottery's promise of billions of dollars for public schools was false, not only won't get the $12 billion he sued for, but also will have to pay the lottery commission's legal fees. Ron Rembert III, of Carrollton, sued the lottery in March, saying he had been defrauded by the lottery's claims of funding public education and that the lottery incorrectly processed a ticket he bought in 2000. In its ruling last week, the Ohio Cou
Sep 5, 2006, 10:58 am - Lottery News