N.Y. Lottery looks to increase prizes through investment strategies
The New York Lottery is proposing a gamble where the odds aren't always in its favor moving its $1.3 billion prize fund into investments such as stocks, corporate bonds, real estate and hedge funds and out of the safety of U.S. Treasuries.
If the agency were to double its annual return to 8 percent as it projects, the prize would be $37 million more for state coffers as New York grapples with a record $13 billion budget deficit next year. Losses might reduce proceeds that fund education, said ...
Nov 17, 2009, 7:26 am - Lottery News forum
Longtime Director of N.H. Lottery to retire
Will oversee addition of Mega Millions game before moving on
The longtime head of the New Hampshire state lottery is retiring after more than three decades with the agency.
Executive Director Rick Wisler, 52, denied he is being forced out but said he has decided to pursue a second career after 34 years in state government.
Wisler has run the lottery since 1994.
He began working part time at the agency right out of high school.
We have accomplished a great deal. It's a good time f ...
Nov 11, 2009, 4:09 pm - Lottery News forum
Missouri Lottery director resigns amid rift with state commission
The director of the Missouri Lottery is on his way out.
Executive Director Larry Jansen said Monday that he was resigning in response to the Lottery Commission's interest in changing the agency's direction.
Lottery sales fell nearly 3 percent last fiscal year after peaking at almost $1 billion in 2008. Gov. Jay Nixon's administration has cited a continued decline in Lottery sales as a reason for cuts to Missouri's online school and some other educational programs that depend on its proceed ...
Nov 9, 2009, 10:52 pm - Lottery News forum
Maryland Lottery director hired by D.C. Lottery
Roogow has been Md. director for 12 years
WBAL Radio has learned that Buddy Roogow is leaving the Maryland Lottery. He has accepted the post of Executive Director of the D.C. Lottery and Charitable Games.
David Umanski in the office of the CFO for the D.C. Lottery tells WBAL Radio that after a nationwide search, Roogow was the superior candidate for the post.
Roogow will remain as Director of the Maryland Lottery through the end of November and begin his new job in D.C. in early Decembe ...
Oct 27, 2009, 9:20 pm - Lottery News forum
Arkansas Lottery begins today
Less than a year from voter approval to first ticket sales
Arkansas has officially become the 42nd state to operate a government lottery the 43rd jurisdiction, counting Washington, D.C.
Arkansas Lottery scratch-off tickets are now on sale at nearly 1,500 retailers throughout the state with the proceeds going towards funding college scholarships.
Retailers were allowed to begin selling scratch-off lottery tickets just after midnight today, and at least one location saw people lining up t ...
Sep 28, 2009, 7:14 am - Lottery News forum
Arkansas Lottery begins licensing retailers for ticket sales
A Murphy USA retail outlet in Magnolia on Wednesday received the first license issued in the state to sell tickets for Arkansas' scholarship lottery when scratch-off games begin next month.
Lottery Director Ernie Passailaigue presented the ceremonial first retailer license to Murphy Oil President Hank Heithaus during a meeting of the Arkansas Lottery Commission.
Steve Beck, regional director for Intralot, the firm hired to run the lottery's drawing games, told commissioners the installatio ...
Aug 26, 2009, 10:53 pm - Lottery News forum
New Ohio Lottery director appointed
A corporate lawyer from Shaker Heights who was the first woman to head the Ohio State Bar Association will be taking the reins of the Ohio Lottery Commission.
Kathleen Burke, 60, a partner at Jones Day, was tapped by Gov. Ted Strickland today as the lottery's new executive director.
She comes on board at a critical juncture for the state lottery system, which is trying to get as many as 17,500 slot machines at seven Ohio horsetracks up and running. The state budget over the next two years ...
Aug 10, 2009, 6:26 pm - Lottery News forum
Computerized lottery drawings not problem-free
MUSL director Strutt says Small group of players don't like them
Passailaigue says players superstitious, spooked by changes in draw format
Arkansas lottery officials say their decision to use a computer to generate winning numbers when lottery games start this fall makes economic sense, but the use of computerized drawings by lotteries in other states has not been free of problems.
In July 2007, the Tennessee Education Lottery moved to save costs by doing away with its televised drawi ...
Aug 10, 2009, 9:22 am - Lottery News forum
Arkansas Lottery picks Scientific Games for instant tickets
A Georgia lottery equipment company will supply scratch-off tickets to Arkansas' fledging lottery, an oversight panel decided Wednesday.
The Arkansas Lottery Commission awarded an instant ticket contract worth 1.75 percent of net ticket sales to Alpharetta, Ga.-based Scientific Games Corp. The deal is expected to be worth millions of dollars based on a $400 million annual sales estimate.
Commissioners also awarded an advertising contract to a Little Rock firm, as the panel speeds toward a ...
Aug 10, 2009, 9:07 am - Lottery News forum
Ohio Lottery director resigns
Ohio's lottery director resigned Tuesday from a rocky tenure serving in Gov. Ted Strickland's cabinet, as the state tries to expand the lottery to include video slot machines at horse racing tracks.
Dolan did not say why he's leaving in his resignation letter to Strickland, other than to say that he had thought about the direction of the lottery, including the new policy for slot machines.
My reflection has led me to conclude that the best interests of the Lottery and the state, as well a ...
Aug 4, 2009, 9:51 pm - Lottery News forum
