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Massachusetts lottery profits down 8 percentNews Story
Even with sales up more than 3 percent through nine months of the fiscal year, the Massachusetts Lottery has seen an almost 8 percent drop in profits so far this year, the executive director reported Tuesday. The Lottery has turned a profit of roughly $744.3 million since fiscal year 2018 began in July, a drop from the approximately $807.8 million the agency counted as profit through the same time period the previous fiscal year, Executive Director Michael Sweeney told the Lottery Commission
Apr 25, 2018, 8:41 am - Lottery News

Powerball sales drop busts NJ Lottery's 7-year winning streakNews Story
Lottery sales in New Jersey fell for the first in seven years in 2017 led by a sharp by decline in revenue from Powerball tickets, though scratch-off games remain the state's biggest money maker, according to the New Jersey Lottery's annual report. The lottery sold $3.186 billion in tickets for all games about $103 million less than in fiscal year 2016. The lottery still contributed $994 million to education and social programs last year, up from $987 million the previous year. Sales of
Jan 26, 2018, 5:00 pm - Lottery News

Wyoming would tap lottery money under proposed billNews Story
A legislative panel has endorsed a proposal that would allow the state of Wyoming to grab some of the statewide lottery earnings. The Legislature's Joint Appropriations Committee voted 9-3 Thursday in Cheyenne to sponsor a bill in the upcoming legislative session that would allow the state to take 5 percent of the gross proceeds earned by the Wyoming Lottery. State coffers would be enriched by about $1 million a year. WyoLotto started selling tickets in 2014 after the Legislature author
Jan 19, 2018, 3:01 pm - Lottery News

Oklahoma Lottery boosts sales with bigger prizesNews Story
Oklahomans spent 40 percent more on lottery tickets and scratch-offs since July 1 than they did during the same time period last year, a boost that has been attributed to changes that include larger payouts. The Oklahoma Lottery Commission also reported that sales of scratch-off tickets alone are up by 60 percent. Because of higher sales, the commission estimates a double-digit increase in its contribution to education funds next year. Even without sales related to recent Powerball jackpo
Jan 17, 2018, 12:22 pm - Lottery News

North Dakota lottery sales plummet $8M in last fiscal yearNews Story
But administrative costs going up Smaller Powerball jackpots during the last fiscal year are being blamed for a 22 percent decrease in North Dakota lottery ticket sales, according to the state's lottery directory, although independent analysis shows worst-in-the-nation performance, even compared to neighboring states. North Dakota gamblers wagered $27.6 million on lottery games for the fiscal year that ended June 30, down from a record $35.7 million in fiscal 2016, lottery director Randy M
Jan 5, 2018, 9:59 am - Lottery News

Did new Illinois Lottery private manager get too good of a deal?News Story
Hoping for better luck the second time around, state officials unveiled a deal Friday to put the fate of the Illinois Lottery in the hands of a British firm that pledges bigger returns than those generated under the manager the state fired. In a do-over of the nation's first, controversial attempt at state lottery privatization six years ago, Illinois agreed to a contract with the only firm to bid for the potentially lucrative job: the Camelot Group. It comes as the state and Camelot pledge t
Oct 21, 2017, 9:55 am - Lottery News

Texas Lottery sets new $5.077 billion sales recordNews Story
Nets $1.313 billion for Texas public schools and $16.2 million for Texas veterans Players won more than $3.3 billion in prizes Even without the benefit of a record-setting jackpot like 2016's $1.6 billion Powerball prize, the Texas Lottery achieved $5.077 billion in sales for fiscal year 2017, breaking the sales record it set just last fiscal year and resulting in a total contribution of $1.334 billion to Texas schools and veterans. This is the seventh consecutive year that the Texas L
Sep 27, 2017, 10:11 pm - Lottery News

Missouri Lottery facing challenging issues with vendor contractNews Story
One of the Missouri Lottery's biggest contracts might not stand up in court if it was challenged by the company that runs its statewide network of ticket sales. That means the state doesn't collect as much money as the contract allows when the company is penalized for breakdowns. And, even when the Lottery does collect money for penalties, the proceeds are not directly funding public schools across the Show-Me state, according to a review by the Post-Dispatch. Rather, the cash is being rol
Sep 20, 2017, 10:48 am - Lottery News

Mississippi panel studying other state lotteriesNews Story
A special House panel has been looking at other states' experience with lotteries as it works on a study requested by House Speaker Philip Gunn, who opposes a lottery for Mississippi but says he wants the issue thoroughly vetted. Members of the House Lottery Study Working Group comprised of lawmakers, state gaming and other officials held their second of three meetings at the Capitol on Tuesday. The first meeting in May was described as lottery 101, on the history of, laws and facts about lot
Sep 6, 2017, 8:10 am - Lottery News

Mass. Lottery reports record profits of $1 billionNews Story
Although lottery sales in Massachusetts dipped 2.7 percent to $5.093 billion, the amount of money flowing to the state's cities and towns reached record heights, according to the Massachusetts State Lottery Commission. Net profit, which is distributed to the state's cities and towns, was up 4.6 percent to $1.035 billion the commission's first net profit over $1 billion in its 45-year history. This is a proud moment for the Lottery, said state Treasurer Deborah Goldberg. During uncertain t
Aug 1, 2017, 8:09 am - Lottery News