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Tenn. lottery scholarships outstrip revenue; day of reckoning loomsNews Story
A day of reckoning is coming for students and parents over Tennessee's lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both. After more than five years of steadily expanded eligibility and grant amounts, the annual cost of the program is outstripping the net revenue produced by the lottery. If no action is taken, that funding gap is now expected to overtake the lottery reserves some $385 million built up in the lottery's booming early years an
Dec 21, 2009, 9:54 am - Lottery News

Michigan lottery players are the big winnersNews Story
Where did the all the Michigan lottery money go? That age-old question is being asked with a little greater frequency these days as local school districts grapple with mid-year state aid cuts of a minimum of $292 per student. Conspiracy theory has long held that lottery proceeds intended to solve all of Michigan's school funding problems have been for decades fiscally diverted by crafty lawmakers in other, non-school programs. Those suspicions might have had more of a basis of support b
Nov 29, 2009, 10:37 am - Lottery News

Scholarship student designed N.M Lottery scratch game ticketNews Story
Full circle: student educated with lottery scholarship funds now works for lottery The New Mexico Lottery in August launched Red vs. Green, an instant scratch-off game that was designed by a 22-year-old lottery graphic designer who attended UNM on a Legislative Lottery Scholarship. The new game depicts the state's favorite cuisine as overheated chile track stars competing in a frantic footrace. Red vs. Green tickets cost $1 each. Players can win instant prizes up to $2,000, and non-winn
Sep 1, 2009, 11:11 am - Lottery News

N.C. Lottery posts record returnsNews Story
Loosened restrictions on prizes boosts revenue to the state The North Carolina Education Lottery may not be recession-proof, but it's posting financial returns that would be a long shot for almost any other business in this economic environment. The lottery generated $1.29 billion in sales in the fiscal year that concluded at the end of June, according to unaudited figures provided by the commission that oversees the games. That's a 19 percent increase over the $1.08 billion in gross sales
Jul 17, 2009, 8:29 am - Lottery News

N.Y. Lottery funds college scholarshipsNews Story
Proceeds from the New York Lottery are funding college scholarships for more than 1,200 students statewide. Governor David Paterson announced the so-called Leaders of Tomorrow Scholarships to graduating high school seniors. Each will get $5,000 toward the cost of attendance at any accredited state college, university or trade school. The scholarships are offered each year to students with at least a B average who have demonstrated outstanding service to their communities. Since the p
Jun 8, 2009, 9:21 am - Lottery News

Study finds wealthy counties get most benefit from Indiana Lottery profitsNews Story
When you play the Hoosier Lottery, the odds are against you. But if you're poor? Then, so is the system. An Indianapolis Star review of the Hoosier Lottery has found that while lower-income players disproportionately fund the lottery, the state transfers lottery profits disproportionately to the wealthiest counties. It's a quirk that seems to punish the very people the state counts on to fuel a revenue source that last year topped $217 million. It's a sad state of affairs when state po
Jun 8, 2009, 8:36 am - Lottery News

Oregon Lottery contributions critical to athletic departmentNews Story
The University of Oregon athletic department likes to say it is self-sufficient. However, true self-sufficiency would mean receiving no outside help from other organizations. The department is almost self-sufficient. It hasn't received any money from the University's general fund since 2003, so it is self-sufficient from the institution. In reality, the University and the other colleges in the state of Oregon gets a little bit of help from an unlikely source: the Oregon Lottery. Since 1990
May 27, 2009, 11:59 am - Lottery News

Prop 1C would change the California LotteryNews Story
Voting 'Yes' will allow lottery to create larger prize payouts On May 19, California voters will have a chance to change the state lottery for the first time since it started in 1984. Proposition 1C would allow the state to borrow $5 billion from future lottery profits to help balance the state's 2009-10 budget. Lottery payment to educational institutions would end and the state general fund would increase its payments to schools to make up for the loss of lottery funds. Currently, t
May 8, 2009, 8:35 am - Lottery News

N.Y. Lottery posts record salesNews Story
Lottery posts small gains in traditional lottery games; higher sales but lower profits in video gaming The New York Lottery is feeling lucky despite the woes of the economy. According to Director Gordon Mendecina, the New York Lottery sold $7.66 billion in lottery tickets in the last fiscal year. $2.54 billion of that went to education, and another four billion dollars was given away as prizes to lucky winners. NY Lottery divides its revenue into traditional lottery (jackpot games and s
Apr 14, 2009, 10:36 am - Lottery News

Proposal would rename N.C. education lotteryNews Story
Move in response to Gov. Perdue taking education dollars from lottery Some state lawmakers aren't happy with where some North Carolina Education Lottery dollars are headed and they're trying to do something to change it. Mecklenburg County State Rep. Thom Tillis cosponsored House Bill 518, which would strip the education portion out of the lottery name. Tillis said he and others formed the bill because Gov. Beverly Perdue said she plans to pull $50 million to $70 million from the Educat
Mar 17, 2009, 7:29 am - Lottery News