Search

Tenn. legislators float idea that lower prizes will bring in more moneyNews Story
Task force says 'bad idea' Some Tennessee legislators are eying a reduction in prize payouts for Tennessee lottery players while letting them buy tickets with debit or credit cards. The proposals are among ideas that are being floated as a way to generate more money that can be used for college scholarships. Both were criticized at a meeting last week of the Senate Lottery Stabilization Task Force with a lottery official suggesting that a cut in prizes could be a bad business decision a
Oct 31, 2011, 7:38 pm - Lottery News

Tenn. lawmakers float ideas to improve lottery revenuesNews Story
Tennessee state Senate minority leader is calling on fellow lawmakers to find ways to increase lottery revenues instead of cutting back on the scholarship program, while Gov. Bill Haslam has assigned his staff to consider a broad range of options for stabilizing the game's finances. Jim Kyle, D-Memphis, said in a letter released Wednesday that while the Tennessee Higher Education Commission estimates that the lottery will deplete its sizable reserves by 2024, it also says annual losses could
Sep 29, 2011, 9:36 am - Lottery News

N.M. lottery celebrates anniversary, tackles challengesNews Story
Amid revenue shortfall, officials launch new campaign to boost ticket sales New Mexico Lottery officials this month are celebrating the 15th birthday of the lottery program with a special anniversary scratcher ticket and a new ad campaign. Amid a revenue shortfall and the possibility that the lottery's scholarship money could be out of cash by 2014, the celebration is bittersweet. This is a new era for us because we don't know how many people are going to play the lottery from now on,
Apr 25, 2011, 7:27 am - Lottery News

Ark. Lottery panel votes for changes to unclaimed prize moneyNews Story
The legislative Lottery Oversight Committee voted today to recommend a fix for a 2010 law change that Arkansas lottery officials say hampers their ability to maximize ticket sales. During last year's fiscal session, the Legislature changed the state lottery law to add unclaimed prize money to net profits. Lottery Director Ernie Passailaigue said after the session that the change meant the lottery could not use some of the unclaimed money on efforts to boost prizes and sales in response to
Feb 16, 2011, 10:50 pm - Lottery News

N.M. acts to save Lottery scholarship fundNews Story
A lottery-financed college scholarship program is running out of money, and lawmakers are looking for a fix that won't hamper efforts to encourage young New Mexicans to attend universities and colleges in the state. The scholarship fund could be depleted by 2014 if nothing is done in the Legislature this session and tuition rates continue to rise sharply, according to the latest state projections. The Senate Education Committee unanimously endorsed a measure Wednesday that would shore up t
Feb 11, 2011, 9:30 am - Lottery News

Tenn. Lottery scholarships underfundedNews Story
The Tennessee Lottery games aren't generating enough money to pay for all of the Hope Scholarships. Now, lawmakers are putting options together that could make it tougher for students to get a scholarship in the future. More students than ever are eligible to receive the annual $4,000 Hope Scholarship. A special task force has been analyzing the problem for the last year. Lawmakers say they don't want to impact any current scholarships and break promises to students. That's part of their
Jan 19, 2011, 7:44 am - Lottery News

Arkansas Lottery may not be able to meet scholarship demandsNews Story
Panel considered reducing scholarship amounts The legislative committee that oversees the state lottery yesterday considered, but ultimately tabled, a proposal to recommend reducing lottery scholarship amounts by 10 percent for the second class of lottery recipients. Last year the Legislature set the amount for the first group of lottery recipients at $5,000 per year to attend a four-year school and $2,500 per year to attend a two-year school. Rep. Barry Hyde, D-North Little Rock, co-ch
Dec 31, 2010, 10:48 am - Lottery News

TN lottery scholarships safe from cutsNews Story
UT study shows shortfall is less than previously projected The dollar shortfall between Tennessee lottery revenue and the scholarship programs it funds is much less than previously projected, a study shows, indicating that lottery scholarships won't have to be cut or made harder to get. The Commercial Appeal of Memphis reported that the study by the University of Tennessee Center for Business and Economic Research was presented this week at the Lottery Scholarship Stabilization Task Force'
Aug 19, 2010, 10:19 am - Lottery News

Georgia Lottery profits up in 2010News Story
Another good year for the Georgia Lottery meant more money for the state's pre-kindergarten and HOPE college scholarship programs, but it isn't enough to keep state officials from worrying about HOPE's future. The Georgia Lottery Corp. announced Wednesday that profits increased again during the 2010 fiscal year providing a dozen consecutive years of growth. As a result, the lottery increased its payments to the popular pre-k and HOPE programs. During the 2010 fiscal year, which ended June
Jul 14, 2010, 9:21 pm - Lottery News

Senator says Tenn. lottery scholarship fund in troubleNews Story
Tennessee Senate Minority Leader Jim Kyle, D-Memphis, is urging lawmakers to deal with the state's insolvent lottery-funded college scholarship fund. Sen. Kyle's comment came after a Senate panel refused to adopt his plan to plug a $13 million program shortfall. This is the first step to reducing scholarships and denying accessibility for thousands of Tennessee students who depend on the lottery scholarship as their sole opportunity to attend college, Sen. Kyle said in a news release Thur
Apr 9, 2010, 9:18 am - Lottery News