Tenn. may pay Paul 6 times what Calif., Texas, Fla. pay lottery chiefs
Package: $350,000 salary and up to $402,500 in bonusesTennessee's new lottery director will make at least three times the salary and perhaps as much as six times more than the directors of many of the nation's largest state lotteries, a Tennessean survey of lotteries shows.Georgia lottery director Rebecca Paul, who was tapped during the weekend to head Tennessee's new lottery, will receive a base salary of $350,000. This compares with $134,000 in New York, $123,255 in California and $110,000 in ...
Sep 10, 2003, 4:07 am - - Lottery News forum
State misses the jackpot with Mega Millions
Mega Millions, Washington's foray into the world of multistate lottery gambling, has been a mega-disappointment. The state, one of 10 partners in the country's largest jackpot game, had about $51 million in sales during its first year of participation, which ended last week. That's less than half the $117 million originally projected.Proceeds for education and school construction, originally predicted to be $32 million, turned out to be $13 million.Lottery officials attribute the disappointing p ...
Sep 9, 2003, 4:01 am - - Lottery News forum
Texas Lottery sales climb by more than 5 percent
Texas Lottery sales grew by the largest margin in six years, jumping 5 percent in the 2003 fiscal year, the Texas Lottery Commission said Monday. Sales were $3.13 billion for the fiscal year ending Aug. 31, compared to $2.96 billion in the previous year, said Reagan Greer, executive director of the commission. This represents the largest increase since 1997.Of the $955.2 million that was transferred to the state, $888.1 million went to the Foundation School Fund, Greer said.Another $67 million ...
Sep 9, 2003, 3:56 am - - Lottery News forum
New lottery chief gets jackpot, too, if she hits the numbers
Industry-heralded lottery czar Rebecca Paul could be paid just over $750,000 if:Next year's Tennessee Lottery sells its first scratch-off tickets by Feb.17.Sells its first online tickets 60 days later.And clears $122 million for education by July 1.Those ambitious goals are built into a base- and incentive-pay package worked out with Paul over the weekend by the Tennessee Lottery Board to lure her away from a $500,000-a-year post as chief executive officer of the Georgia Lottery to the same posi ...
Sep 9, 2003, 3:44 am - - Lottery News forum
N.J. Lottery revenue tops $2 billion for second straight year
New Jersey Lottery sales topped the $2 billion mark for the second consecutive year even though sales of tickets for both the Pick 6 Lotto and Lotzee games dropped significantly. The lottery, which is New Jersey's fourth-largest revenue producer, brought in $764 million to state coffers in the fiscal year that ended in June. That was an increase of $10 million over the previous year. The biggest sales gains last year were registered for the state's instant games, which increased by 16.5 percent ...
Sep 4, 2003, 3:32 am - - Lottery News forum
USC, MUSC, Clemson awarded $6 million in matching lotto research funds
South Carolina's three research universities will work together on a project to produce human tissue and organs with the help of $6 million in state lottery funds. The University of South Carolina, Clemson University and the Medical University of South Carolina were told by a state committee Monday they could begin raising private dollars to match the state funds.The project is part of the state's endowed chair program. It was created by the Legislature last year by using $30 million in lottery ...
Aug 26, 2003, 5:06 am - - Lottery News forum
Ga. officials: HOPE funds could run out early as 2007
Organizers of the Georgia Lottery-supported HOPE scholarship program said Thursday that the resources to provide full tuition for eligible students may be depleted as early as 2007.Until now, money generated by the lottery has paid state college tuition and fees in full with additional grants for books, and, until last year, had millions of dollars to spare. The only catch for students was to maintain a B average.The program has never faced normal budget restraints, said Terry Gandy, head of the ...
Aug 22, 2003, 10:43 am - - Lottery News forum
Georgia Lottery set to go broke without rules change
If the rules for earning one of Georgia's coveted HOPE scholarships were a little stricter, student D-1 - as he was described to a legislative committee last week - never would have made the grade. He earned three A's and 11 B's during his high school career, but his other grades - 16 C's, two D's and one F - would have put the HOPE scholarship, which requires a B average, beyond his reach.But scholarship rules allowed administrators to ignore the F he made in algebra because other courses gav ...
Aug 5, 2003, 5:04 am - - Lottery News forum
