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TagResults 1 - 10 of 144 for education. (0.02 seconds)

More people playing, winning in SC Lottery
The South Carolina Education Lottery announced Monday it set records for ticket sales and the amount of money raised for education in the last fiscal year. It also set records for the amount of prize money paid out and the commissions paid to lottery retailers. Lottery revenue was more than $1.26 billion for the year. Ticket sales grew by $66 million, which meant the amount that got deposited into the lottery's education account was $323.4 million, or $23 million more than the previous year. ...
Aug 5, 2014, 9:57 am - Lottery News forum

Is it game over for the Texas Lottery?
Some Texas lawmakers say it may be time to scratch out the lottery. More than two decades after Texas voters legalized the game of chance in the state, a group of lawmakers will soon start reviewing whether to end at multibillion-dollar industry that pumps more than $1 billion a year into schools. Critics say they fear that the game financially hurts some of the most vulnerable Texans and doesn't do enough to help the state. Supporters disagree and question where $1 billion a year can be f ...
Aug 2, 2014, 8:31 pm - Lottery News forum

Missouri Gov. orders review of Lottery operations
Missouri Gov. Jay Nixon has asked the state Office of Administration to carry out a comprehensive review of the Missouri Lottery's operations. The lottery posted more than $1.14 billion in sales last year, according to unaudited figures, but its $267.3 million profit (which goes to education funding) was $31 million short of its goal and was below 2006 totals when adjusted for inflation. The governor cited declining lottery and casino revenue in his decision to withhold $35 million of educ ...
Jul 24, 2014, 10:13 am - Lottery News forum

Seeing sales slowing, Missouri Lottery officials seek new customers
For many years, as state revenue has fluctuated and stagnated, the Missouri Lottery has been a welcome outlier, a dependable, sometimes surging revenue stream that rarely failed to post record profits. From 2001-2008, the lottery doubled its sales, to just shy of $1 billion, and its contribution to state education funding (where its profit is directed) reached $265 million. Since then though, the pace has slowed. While sales have continued to tick upward, gone are the years of double-digit ...
Jul 22, 2014, 7:13 am - Lottery News forum

N.C. school construction lottery money doesn't really build schools
Includes video report Where does the North Carolina Education Lottery money go? You know, you buy a ticket, you put money into the education lottery, and you think all that money goes to North Carolina schools. But that is not quite how it works. Of every dollar, 61% goes back into the lottery for prizes, 28% goes to education, and 11% go back to retailers and the lottery for administration. Of that 28 percent for schools, the Education Lottery website says 45.8% goes to teacher pay, 20 ...
Jul 10, 2014, 8:50 am - Lottery News forum

How lottery tickets are helping states' budgets
The scores of losing players in this week's $425 million Powerball jackpot did more than take an extremely long shot at getting rich. Their ticket purchases also helped fund a small but increasingly important part of their states' budgets. Changes in the nationwide Powerball and Mega Millions games have led to some of the world's largest jackpots in the last two years, boosting player interest and sales. Fueled by the growth of those games and the steady expansion of other offerings, many sta ...
Feb 24, 2014, 7:08 am - Lottery News forum

California Lottery is booming, thanks to higher payouts
After years of decline, the California Lottery is booming. The jackpots are bigger, and that's drawing more players and excitement. Just a few weeks ago, a Mega Millions ticket sold in San Jose matched all six numbers. The state-record prize of $324 million worth about $174 million in a single payment was claimed by a Northern California man Friday. The turnaround is due to changes made to the lottery in 2010, when revenues were on the decline. The changes brought bigger prizes, but they a ...
Jan 6, 2014, 7:51 am - Lottery News forum

Record Powerball winner offers $2M to fix Maine high school's roof
The 84-year-old Florida resident who scored the largest undivided American lottery jackpot ever wants to donate $2 million to fix the roof of a Maine high school in her hometown. Gloria MacKenzie, who took home a $590.5 million Powerball jackpot in June, has kept a low profile since she turned in her winning ticket. But the superintendent of schools in East Millinocket, Maine, says Mackenzie has offered to write a hefty check to repair the roof of the town's high school, where her daughter te ...
Jul 26, 2013, 11:00 am - Lottery News forum

Arkansas Lottery director appeals to state legislature to reject pending bill
Restrictive measure will drastically reduce prizes, cut revenue, director says Statement from Bishop Woosley, Director, Arkansas Lottery Commission Friday afternoon, HB 2263 will be presented to the House Rules committee at the Capitol. HB2263 mandates that 25% of total lottery proceeds be used to fund college scholarships. The Arkansas Lottery Commission (ALC) strongly opposes this bill because of the immediate and detrimental effect it will have on lottery ticket sales, revenues paid ...
Apr 11, 2013, 7:22 pm - Lottery News forum

N.C. bill keeps 'education' in lottery for now
The North Carolina Education Lottery is keeping the education in its name at least for now. A bill debated Wednesday by a House judiciary committee and aimed at reeling in advertising for the state-run lottery originally directed the lottery to stop using the word education in its advertising. But the bill's chief sponsor said he would pull that prohibition because he didn't want to make the cost of such a rebranding drag down the bill, which he said is designed to bring more truth to what ...
Mar 7, 2013, 4:35 pm - Lottery News forum

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