Search

Ark. lottery forced to revise budget after law change foundNews Story
Arkansas' lottery director said Wednesday he wasn't aware that the Legislature changed how money from unclaimed prizes is to be managed a move that required lottery officials to revise their 2011 budget. The revised lottery budget allocates $11 million less for scholarships and overall revenue is projected to drop by $14 million. However, the lottery has been taking in money above projections, and the original scholarship budget target of $116 million could still be met. We will do our be
Apr 9, 2010, 8:45 am - Lottery News

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

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

Arkansas Lottery director hires core management staffNews Story
Outcry over high salaries; Director defends Ernie Passailaigue, who started his job two weeks ago as executive director of the Arkansas Lottery Commission, has been steadily hiring employees to fill core management positions, while defending the high salaries he is giving the new staff. Before the hiring commenced, a legislative committee signed off ealier this month on the newly hired lottery chief's plan to pay his top deputies more than $200,000 each. Passailaigue asked legislators t
Jul 15, 2009, 11:53 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

Tennessee Lottery shortfall requires reservesNews Story
$10 million needed to fully fund scholarship grants for students Are computerized drawings hurting sales? Will the Tennessee Lottery bring back real ball drawings? Why is Powerball always blamed for poor financial showing in Tennessee? The state of Tennessee probably will have to pull about $10 million from reserves to keep lottery scholarships fully funded this year, budget officials said after reporting a revenue shortfall last week. State Budget Director Bill Bradley said the state w
May 4, 2009, 6:35 pm - Lottery News

New York Lottery axes $1.4M in scholarships after taking in $7.5 billion in 2008News Story
The New York Lottery has quietly halted its college scholarship program for more than 1,150 high school seniors, blaming the governor's budget cuts. One student from every high school in the state has been eligible for a $5,000 Leaders of Tomorrow scholarship since 2000. The cut will save the agency, which took in about $7.5 billion in revenues last year, about $1.4 million. A Lottery spokeswoman said the cut was necessary to comply with Gov. Paterson's request that all agencies cut abo
Feb 27, 2009, 7:48 am - Lottery News

More Arkansas lottery details emergeNews Story
Depending on how much money it collects, Arkansas' state-run lottery could fund college scholarships ranging from $2,500 to $5,500 annually under a draft bill released to lawmakers Wednesday. Discussing the draft in a legislative committee meeting, House Speaker Robbie Wills, D-Conway, said he and the other lawmakers who have been working on the bill believe scholarship amounts should be tied to the performance of the lottery, which is still unknown. We believe the bottom line is this: Th
Feb 26, 2009, 7:52 am - Lottery News

Arkansas lottery bill nearing completionNews Story
In Arkansas, the lottery is one of the biggest issues of this legislative session. Speaker of the House Robbie Wills filed the first bill related to the issue, but it didn't have much in it. That's all about to change. The speaker has been working on this very large document for months; in fact, he says he's learned more about how lotteries run than he ever thought he would. It's in two parts: how the lottery operates and how the scholarships are funded and distributed. The operation
Feb 24, 2009, 9:12 am - Lottery News

Georgia Lottery considers casino optionsNews Story
Plan aims to increase jobs, scholarship money Underground Atlanta's developers have put their cards on the table to bring casino-style gaming to Georgia. Dan O'Leary and John Aderhold, the leaseholders of Underground, have approached the Georgia Lottery board with plans for a half billion-dollar casino and hotel complex that would inject cash into the HOPE Scholarship and generate millions of tax dollars for the region. The leaseholders of city-supported Underground and Delaware horse t
Jan 14, 2009, 3:27 pm - Lottery News