N.Y. Gov. wants to privatize lottery
New York may try to cash in on the future its lucrative lottery as a way to create a permanent education fund, and Wall Street is interested in taking the bet.
The stakes are high for everyone, from students who could get better education to poor communities that might see more grocery money scratched away.
For state government, a long-term leasing for part of the lottery and part of its profits to a private investor for 30 or 40 years could attract a massive upfront payment, perhaps in th ...
Jan 11, 2008, 6:43 am - - Lottery News forum
Vermont could become first state to privatize lottery
No other state has leased its lottery, but Vermont wants to be the first.
Governor Jim Douglas hopes the lease will bring in $50 million dollars for the state budget, on top of the $23 million the lottery brings in now.
Today in a special report, VPR's John Dillon explores the advantages and disadvantages of what is so far an untested idea.
(sound of lottery machine printing ticket)
(Dillon) Johanne Gray is a regular at this convenience store in Montpelier. She likes to play the ...
Dec 21, 2007, 2:33 pm - - Lottery News forum
Georgia Lottery bonuses stir lawmakers into action
The Georgia Lottery board's decision to hand out nearly $3 million in bonuses to employees this year has lawmakers vowing to put new controls on the corporation.
Senate Majority Whip Mitch Seabaugh (R-Sharpsburg) filed legislation Friday that would give lawmakers appointments to the Lottery Corp. board. Currently, the governor appoints the board. His bill, which will be considered during the 2008 session, also would mandate that all Lottery Corp. spending, including employee bonuses, be appro ...
Dec 14, 2007, 10:54 pm - - Lottery News forum
N.C. lottery sales up, but misses projections
North Carolina lottery ticket sales fell short of projections in the past few months, but officials say conditions are improving.
One of the lottery's holiday-themed games, $1 Holiday Cash, is about to sell out of its 6 million tickets. The holiday raffle, in which players buy a limited number of tickets for cash drawings, is outpacing sales of similar raffles in Georgia, Tennessee, Virginia and South Carolina. In recent weeks, sales of new games appear to be up.
N.C. lottery director Tom ...
Dec 6, 2007, 8:45 am - - Lottery News forum
Newspaper criticizes Georgia Lottery bonuses
Lottery job a big win for execs who earn fat bonuses
By Maureen Downey, AJC editorial board
Dec. 6, 2007
The Georgia Lottery Corp. pitches its Win for Life game as The Game That Offers a Lifetime of Security, a slogan that might also describe a job with the lottery.
Equal Time: Lottery bonuses are deserved
With $3 million in bonuses handed out this year, lucky employees who end up at the Georgia Lottery have won The Career That Offers a Lifetime of Security.
Georgia Lottery ...
Dec 6, 2007, 7:54 am - - Lottery News forum
Georgia Lottery Chairman defends bonuses
Lottery bonuses are deserved
Incentives good business practice
By Tony Campbell, Board Chairman of the Georgia Lottery Corporation
Dec. 6, 2007
I am dismayed at the public criticism of an extraordinarily successful organization that has achieved record results and contributed record amounts to the HOPE scholarship and pre-kindergarten programs.
Equal Time: Lottery job a big win for execs who earn fat bonuses
The Georgia Lottery Corp.'s results have far exceeded expectations. As ...
Dec 6, 2007, 7:54 am - - Lottery News forum
Georgia lawmakers question lottery bonuses
Top Georgia Republicans are calling for a review of the bonuses awarded to Georgia Lottery officials.
Georgia Lottery President Margaret DeFrancisco and her employees collected nearly $3 million dollars in bonuses this year, a sum that has mystified Georgia legislators who three years ago tightened requirements for the lottery-funded HOPE scholarship.
House Higher Education Committee Chair Bill Hembree called the figures insane and Senate Majority Whip Mitch Seabaugh said he wanted to re ...
Dec 3, 2007, 8:38 am - - Lottery News forum
Kansas Lottery surpasses $1 billion mark in profits for the state
The Kansas Lottery has banked its first $1 billion while also marking its 20th anniversary.
At ceremonies Friday in Topeka, director Ed Van Petten said sales revenue transferred to the state treasury on Thursday pushed the game's all-time profits over the $1 billion mark.
We are thrilled to tell you that the lottery has reached another milestone, he said.
The second billion won't take nearly as long after Kansas' state-owned numbers game morphs into state-owned casino operator under a ...
Nov 12, 2007, 8:19 am - - Lottery News forum
Auditor rejects GOP plea to examine lottery
The state auditor rejected a request from a Senate Republican to audit the Massachusetts Lottery.
Auditor Joe DeNucci says the lottery already gets reviewed by accounting firm KPMG and that he may conduct an audit of the lottery next year.
Senator Richard Tisei of Wakefield made the request, arguing that lawmakers need a better sense of the lottery's fiscal health.
Tisei says he's hearing contradictory messages about how much money is being taken in and how much can be raised. Money fro ...
Oct 31, 2007, 11:06 am - - Lottery News forum
Tenn. Lottery asks firms to pay cost for error
Letters seeking $1.4 million are sent to 2 vendors
Tennessee Lottery officials have asked two vendors to pay a total of $1.4 million to make up for losses caused by a computer coding error that compromised the Cash 3 and Cash 4 games in August.
Lottery CEO Rebecca Paul Hargrove and two board members disclosed the figure during a meeting Tuesday with The Tennessean's editorial board.
Letters demanding the payment were sent to Smartplay International, the vendor that supplied the computer ...
Oct 31, 2007, 7:35 am - - Lottery News forum
