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
Lottery no game for Tennessee executive
Standing recently in Neyland Stadium with roaring University of Tennessee football fans, Rebecca Paul Hargrove, the highflying impresario of legalized gambling, proudly waved a symbolic check for a billion dollars. The moment, captured on jumbo screens across the stadium, was among the countless plugs for the fund-raising prowess of Tennessee's lottery, which Hargrove started four years ago.
As lottery executives go, few can claim her knack for seizing the spotlight. No matter the occasion, H ...
Nov 23, 2007, 10:12 am - - Lottery News forum
NY Lottery says it goofed: Mahopac winner got $31 million after taxes
The New York State Lottery has acknowledged that it made a $14 million mistake when it announced the amount of last week's Mega Millions award to a Putnam County man at Grand Central Terminal.
The winning ticket bought by William James Albertson from Mahopac actually brought him an after-tax prize of $30.7 million. At the big announcement, presided over by Lottery Director Gordon Medenica and Lottery announcers Yolanda Vega and Ralph Buckley, Lottery staff told reporters that Albertson would ...
Nov 16, 2007, 8:29 pm - - Lottery News forum
Mega smiles for New York lottery winner
William James Albertson held his 5-month-old baby as he checked the numbers on his Mega Millions lottery ticket with those on the computer screen Sunday morning.
The first two matched. So did the second pair.
Then, as Albertson sat at the computer in his Mahopac home, the unthinkable happened.
I kept looking at it and they all matched, so that's when I got a little shaky, the 35-year-old insurance manager recalled.
The shakes were gone yesterday, when Albertson was revealed as the ...
Nov 12, 2007, 11:08 am - - Lottery News forum
New York Lottery won't pay $25,000 for taped-up scratch-off ticket
Woman plans to file lawsuit against the lottery
By the time lottery officials told Patricia Manzitto that her winning ticket was a fake, she already had spent nearly half the $25,000 she thought she'd won.
But when Manzitto went to collect her winnings four days later, officials at the New York Lottery's Garden City center told her that it looked as if her ticket had been forged by taping two halves of different tickets together. Lottery officials refused to pay up.
Manzitto, 64, of Ea ...
Oct 23, 2007, 9:20 am - - Lottery News forum
Is the lottery shortchanging schools?
According to the North American Assoc. of State and Provincial Lotteries, 42 states and the District of Columbia run lotteries, and more than half claim the games boost funding for education. But CBS News chief investigative correspondent Armen Keteyian found that lotteries aren't exactly providing a windfall for schools.
If you listen to state lottery ads, we're supposed to believe that all the numbers are supposedly adding up to more and more money for education.
Lotteries help, but n ...
Sep 19, 2007, 12:38 pm - - Lottery News forum
Lucky couple wins second NY Lotto jackpot
A former Bronx, New York, couple has won the New York Lottery's 6-number Lotto game for the second time in 11 years, twice overcoming odds of more than 22 million to 1.
It's a great feeling, said Eugene Angelo Sr., 81, after learning that he and his wife Adeline, 74, had the sole $5 million winner i the twice-weekly Lotto game.
In December 1996, the family bought one of four winning jackpot tickets and received the lump-sum payout of $2.5 million after sharing a $10 million jackpot with ...
Aug 31, 2007, 6:58 pm - - Lottery News forum
Acting director named for New York Lottery
A former deputy director of the New York Lottery has been named acting director of the organization.
Gurney replaces Robert McLaughlin, who served as Director of the New York Lottery from November, 2006 to August, 2007. Mr. McLaughlin recently accepted a position in the private sector, according to lottery officials.
Gurney has worked at the lottery since 1998, and was most recently director of operations and administration in addition to being deputy director. His areas of responsibilit ...
Aug 12, 2007, 8:36 am - - Lottery News forum
NJ man 'shocked' by $1 million lottery win
Eliyahu Oliker often travels to delis and convenience stores around the area, selling small items, including lighters, popular at such shops.
He happened to be in Bardonia last week when he bought a $1 Million Dollar Duck scratch-off ticket at Don Alvaro, a convenience store.
I scratched it off and I saw that I won, Oliker, 68, recalled yesterday as he claimed his million-dollar prize at the New York Lottery's regional office in Fishkill. I was in shock. I'm still in shock.
Oliker a ...
Aug 9, 2007, 10:30 am - - Lottery News forum
Lottery Winner's Lucky Day Turns into One Heck of a Mess
The lure of quick cash from someone else's winning lottery ticket now has three women facing some serious charges, after their alleged plan proved to be very unlucky.
Imagine you just found out you won $25,000 in the lottery. You get a receipt but in your haste, you actually leave the ticket at the store. And when you got back, it is gone. Well, that is just what happened to a 24-year-old Tina-Marie Ware from Rensselaer. She kept looking and looking and finally, needed the State Police to ...
Jul 18, 2007, 11:33 am - - Lottery News forum
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