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Paul's lottery past: rocky beginnings, happier endingsNews Story
It's only in hindsight that critics of Rebecca Paul's lottery startups give her creditRebecca Paul's admirers outnumber her critics by a long shot in Georgia's capital city.But the critics were hot when Paul was starting the state's lottery in 1993. Ten years later, Tennessee has hired her to do the same thing for up to $752,500 a year.Georgia's lottery drew close scrutiny from state lawmakers and federal prosecutors after awarding a key startup contract to a vendor whose bid was millions of dol
Oct 20, 2003, 8:04 am - Lottery News

Big lottery vendor dogged by controversyNews Story
GTECH expected to bid for online games in TennesseeScandal and suspicion have marked GTECH's 22 years in the lottery business. But so has spectacular success.The company, which is expected to bid on the Tennessee lottery's online games contract, helps run lotteries in 26 states and 42 other countries. Its revenues exceed $1 billion a year, spokesman Bob Vincent said.But GTECH, which is based in West Greenwich, R.I., also has run into trouble, especially in the 1990s. In Georgia, where Tennessee
Oct 20, 2003, 7:59 am - Lottery News

Texas signs contract with Mega Millions; game to begin soonNews Story
The Texas Lottery Commission on Thursday entered into a contract with the Mega Millions multistate lottery, which over the past year had average jackpots of more than $40 million.The commission next will begin purchasing equipment such as a random number generator to prepare for the launch later this year. The date hasn't been set, but executive director Reagan Greer said it probably will be after Thanksgiving.The long-term agreement has a six-month out clause, Greer said.The commission also
Oct 17, 2003, 5:08 am - Lottery News

Texas may move to join Mega Millions todayNews Story
The Texas Lottery Commission could formalize its decision to enter the multi-state lottery game Mega Millions today, a move expected to bring more than $50 million a year to state coffers.The three-member panel is scheduled to take action on a proposal that would allow lottery director Reagan Greer to sign a contract with the consortium of ten states that make up Mega Millions.Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Virginia and Washington are the other
Oct 16, 2003, 3:48 am - Lottery News

Lottery board ups goalsNews Story
Profit expectations for Tennessee's new lottery director Rebecca Paul increased Tuesday by roughly $6 million following a vote by the state's lottery board.The Tennessee Education Lottery Corporation (TELC) board, due to Paul's starting one week earlier than planned, increased the amount of net proceeds the lottery must garner if Paul is to receive the whole of her $400,000 incentive package. A former goal described by Paul as Herculean -- of $122 million by June 30, the end of the fiscal year
Sep 24, 2003, 4:05 am - Lottery News

Tenn. may pay Paul 6 times what Calif., Texas, Fla. pay lottery chiefsNews Story
Package: $350,000 salary and up to $402,500 in bonusesTennessee's new lottery director will make at least three times the salary and perhaps as much as six times more than the directors of many of the nation's largest state lotteries, a Tennessean survey of lotteries shows.Georgia lottery director Rebecca Paul, who was tapped during the weekend to head Tennessee's new lottery, will receive a base salary of $350,000. This compares with $134,000 in New York, $123,255 in California and $110,000 in
Sep 10, 2003, 4:07 am - Lottery News

New lottery chief gets jackpot, too, if she hits the numbersNews Story
Industry-heralded lottery czar Rebecca Paul could be paid just over $750,000 if:Next year's Tennessee Lottery sells its first scratch-off tickets by Feb.17.Sells its first online tickets 60 days later.And clears $122 million for education by July 1.Those ambitious goals are built into a base- and incentive-pay package worked out with Paul over the weekend by the Tennessee Lottery Board to lure her away from a $500,000-a-year post as chief executive officer of the Georgia Lottery to the same posi
Sep 9, 2003, 3:44 am - Lottery News

What if group buys winning lottery ticket?News Story
Q: We are a financial club that invests in the stock market and also buys weekly lottery tickets. We all contribute and one member buys the tickets. It's wishful thinking, but what if the ticket wins $1 million? What are the payment basics and how can we protect ourselves against the ticket purchaser claiming the winnings for himself?-- Hopeful in Hialeah A: Let's first talk business law, and then we'll suggest some precautions to assure proper division of payment.A lottery ticket is a unilater
Sep 8, 2003, 3:57 am - Lottery News

Illinois Rep. Boland Wants to Add KenoNews Story
The stakes are high for state Rep. Mike Boland, D-Moline: $130 million.That's his estimate of what the state of Illinois could rake in annually if Club Keno were added to the lottery mix. Also known as Quick Draw Lotto, it is similar to a standard Lotto game with one big advantage: instead of one to five drawings per week, Keno numbers usually are drawn every five minutes.Players would know right away whether the numbers they picked matched those randomly selected by a computer. The game would e
Aug 29, 2003, 12:19 pm - Lottery News

Mega Millions jackpot increases to $33 millionNews Story
The jackpot in the multi-state Mega Millions lottery drawing has increased to $33 million. None of the tickets sold for Tuesday's $26 million drawing matched all five lotto numbers and the Mega Ball. The next drawing will be Friday.There were three second-prize winner from Tuesday night's drawing worth $175,000. Those winning tickets were sold in Illinois, Maryland and New York.The winning numbers from Tuesday's drawing were 9, 28, 42, 44 and 49. The Mega Ball number was 47.
Aug 27, 2003, 1:38 pm - Lottery News