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NewsResults 121 - 130 of 1108 for privatize lottery. (0.07 seconds)

Okla. Lottery has generated $65 million for schools
An Oklahoma Lottery official says that more than $65 million dollars has been generated for education since the lottery began in October. Ticket sales for the state's fiscal year that ended June 30th totaled $207.29 million. Lottery executive director Jim Scroggins says more than $65 million of that amount will be deposited into the Oklahoma Education Lottery Trust Fund. He says that in the lottery's first 262 days of sales, it effectively raised $248,091 per day for education. Scrogg
Jul 18, 2006, 10:09 am - Lottery News

N.C. Lottery to transfer $50 million to education
North Carolina's newly adopted lottery will make a $50 million contribution to the state's Education Lottery Fund on Wednesday the first transfer since the inception of scratch-off games three months ago. This is a historical event for education in North Carolina, said Tom Shaheen, the state's lottery chief. The lottery will make its next transfer in October, after the first quarter of the next fiscal year. As of Monday, the education lottery had sold more than $216 million instant-w
Jun 29, 2006, 12:45 pm - Lottery News

Illinois Gov. won't reveal data on lottery sale plan
The Blagojevich administration said Tuesday it won't release a consultant's work on how much money the state could make by selling or leasing the Illinois state lottery. The administration compared such a move to sharing playbooks with rival sports teams. Republicans have called for public disclosure. Gov. Rod Blagojevich last week proposed privatizing the lottery to provide a bonanza of cash for education over the next few years. He said New York-based consultant Goldman Sachs estimated t
May 31, 2006, 7:36 am - Lottery News

Sale of Illinois Lottery could start a trend
If Illinois privatizes its lottery system, investors and public officials in other states will closely watch the groundbreaking move with an eye toward repeating it, a gaming industry leader predicted Wednesday. Gov. Rod Blagojevich, a Democrat running for a second term in November, announced Tuesday a proposal to sell off or lease the state's lottery system to private investors in order to bolster school funding. He said the state could get $10 billion out of the deal and use the money to fu
May 25, 2006, 9:48 pm - Lottery News

Illinois Gov. wants to privatize state lottery
Controversial plan is designed to capture funds for education up-front, but is it worth the gamble? Democratic Illinois Governor Rod Blagojevich today will unveil an election-year school funding plan that calls for leasing the state lottery for the next decade to a private firm in return for $10 billion in upfront cash. Schools would get at least $1 billion a year for the next four years from such a deal, with the remaining $6 billion going into an education trust fund governed by a board
May 23, 2006, 2:38 pm - Lottery News

N.C. Lottery accepts bids for $8 million ad contract
Four North Carolina agencies submitted proposals for the advertising contract on the state's new $8 million lottery account, the lottery said. Mullen in Winston-Salem and Howard Merrell Partners in Raleigh, both Interpublic Group shops, and independents Wray Ward Laseter and Douglas Displays, both of Charlotte, submitted bids for the account. The bids were opened late Friday at the lottery's offices in Cary, N.C. A three-person panel of lottery executives will cut the field to three final
Jan 31, 2006, 7:41 am - Lottery News

N.C. Lottery Commission Awards Vendor Contracts
The North Carolina Education Lottery Commission awarded contracts for both instant-win tickets and lotto-style games to GTECH Holdings Corp. on Monday. The deals were estimated to be worth $19.2 million in the first year alone.Tom Shaheen, executive director of the lottery, said the selection process was fair, comprehensive, had the greatest integrity and achieved the best result. He said he felt good about the selection, adding: I think we have a really strong company. GTECH, which is headqua
Jan 31, 2006, 6:50 am - Lottery News

Indiana lottery rigger faces 50-year penalty
William C. Foreman could spend 50 years in state prison if he's convicted of stealing secrets from the Hoosier Lottery in an effort to rig a million-dollar scratch-off game.But the former lottery security official's trial has been delayed so he can challenge the constitutionality of the nation's harshest penalty for breaching lottery security.The state's top lottery official, Esther Q. Schneider, favors the stiff penalty to deter inside jobs that threaten public confidence in the Hoosier Lottery
Jan 30, 2006, 8:57 am - Lottery News

N.C. Lottery could pick vendors today
North Carolina lottery commissioners meet Monday and could pick winning vendors to operate the state's scratch-off ticket games and online, or automated, numbers games.Rivals Scientific Games and G-TECH Holdings each filed bids for both vendor contracts.Each seven year contract could generate millions of dollars in revenue annually for the winner.Four agencies filed bids Friday to land the advertising account for the North Carolina Education Lottery.Lottery executive director Tom Shaheen wants t
Jan 30, 2006, 6:55 am - Lottery News

Wisconsin Megabucks lottery winners come forward
And the winners are ... Brian Schultz of Oak Creek and his two sons, Todd and Matthew.They've finally come forward and are splitting an $11.1 million Megabucks lottery jackpot from the Christmas Eve drawing, lottery officials announced Tuesday.The winning ticket was purchased at Gary's Beer and Liquor in Oak Creek.A news conference was scheduled at the store Wednesday for the winners to tell their story and answer questions.The liquor store earns a commission of $100,000 for selling the ticket.
Jan 26, 2006, 7:24 am - Lottery News