South Carolina lottery sales increase
South Carolina lottery officials say sales since July are up $6 million from the same period last year.
Lottery officials say profits should reach the $252 million goal needed to pay for college scholarships.
So, the economy is down, but people are still spending on lottery tickets.
Peggy Adams sells them every day at Gullies Convenience Store.
Because the economy is bad, and people are hoping to win some money to make things better, said Adams.
The obsession to strike it rich ha ...
Nov 14, 2008, 8:12 am - - Lottery News forum
Lawmakers steamed about lottery promotion
The Maine Lottery is getting strong, bipartisan criticism for its Funds For Fuel promotion as lawmakers say the lottery should not be using Mainers' fear of high fuel prices this winter to sell more lottery tickets.
I think it is misleading, Sen. Debra Plowman, R-Hampden, a member of the Legislature's Legal and Veterans Affairs Committee that has oversight of the lottery, said this week. It almost sounds like some of the money will go to fuel assistance. It doesn't. It is just another way to ...
Nov 14, 2008, 7:39 am - - Lottery News forum
Arizona Lottery Sales Surge in October
The Arizona Lottery Wednesday reported a strong surge in October ticket sales compared to last year a strong sense that the organization's core consumers are maintaining their purchase behavior despite an economic slowdown impacting most Americans.
Sales were up 21 percent in September and 5.8 percent in October compared to those months last year.
Lottery sales are holding steady with continued year-over-year growth in its core Scratchers games and jackpot-motivated growth for games such a ...
Nov 14, 2008, 7:18 am - - Lottery News forum
Arkansas Attorney General supports lottery, but cites cost concerns
Arkansas Attorney General Dustin McDaniel on Friday said he voted for creating a state-run lottery to fund college scholarships, despite concerns about how much it will cost the state to start up the games.
McDaniel said he wants lottery revenues to pay for any additional lawyers his office may need to hire to address legal issues related to the games.
McDaniel said he cast his ballot last week as an early voter. The lottery amendment appears on the ballot for Tuesday's general election.
...
Nov 3, 2008, 5:11 pm - - Lottery News forum
Weak bond market lowers lottery annuity jackpots
Situation serves as reminder of how jackpots are calculated
The nation's financial crisis is causing a dip in one of the optional jackpots offered in Wisconsin's Megabucks lottery game.
The lottery said Tuesday that the annuity option which has a jackpot paid in installments over 29 years will decline for the first time because of a weak bond market.
State lotteries fund their annuity options by using ticket revenue to buy conservative, government-backed bonds.
For the Wisconsin lott ...
Oct 29, 2008, 9:06 am - - Lottery News forum
DOJ says privatizing state lotteries illegal
Indiana drops privatization plans after DOJ issues opinion
Indiana Governor Mitch Daniels said Friday that he is dropping the idea of privatizing the Hoosier Lottery as an option of funding a college scholarship program after the U.S. Department of Justice said such a move would not comply with federal law.
The Oct. 16 opinion, which Daniels' office said was requested by Indiana and New Jersey, says states would not comply with federal law if they enter into long-term private management ag ...
Oct 28, 2008, 8:25 am - - Lottery News forum
N.C. lottery turns record profits for state
Economic times on Wall Street are tough these days, but not so for the North Carolina Lottery.
North Carolina's lottery has made its largest transfer of money to state education programs in the game's 2 -year history.
The North Carolina Education Lottery said it sent $99.8 million to a dedicated state fund Wednesday morning. The money is used for class-size reduction and pre-kindergarten initiatives, public school construction and college scholarships.
The lottery began selling tickets ...
Oct 22, 2008, 10:43 pm - - Lottery News forum
Young lottery winner discusses investment challenges
After winning million dollar lottery, Wall Street woes bring troubled times
By Louis Jay
Louis Jay is a sophomore pre-business major at Towson University and the former online editor of The Towerlight.
About a year ago you would have seen me on television promoting the Maryland Lottery, Let Yourself Play. You may have heard the story.
I spilled a Tropicana Coolatta on myself. My grandmother, in her old Jewish wisdom, always said that if you spill something on yourself on a special da ...
Oct 22, 2008, 9:21 pm - - Lottery News forum
Kansas Lottery sales decline
The economy is having its impact on the sale of Kansas Lottery tickets, according to lottery officials.
Lottery Executive Director Ed Van Petten said Wednesday that ticket sales between July 1 and last Saturday are down 4% over the same period of time last year.
Van Petten said the economy has been a factor, but that isn't the only reason for slumping sales. He said ticket sales have been down in the games with large jackpots because the jackpots haven't been that much in recent months.
...
Oct 15, 2008, 6:03 pm - - Lottery News forum
Bill would allow gifts for California lottery workers
Tucked inside California's thick budget package is a bill that allows the state lottery director to spend money on employee gifts, a practice that came under scrutiny after staff members were treated to a $46,336 party last year.
Guests took home a Nintendo Wii console, iPods, cameras and other rewards.
Under the bill passed by lawmakers, Lottery Director Joan Borucki would have the legal authority to spend money on employee incentives as part of California's push to increase lottery sales ...
Sep 26, 2008, 8:45 am - - Lottery News forum
