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
New keno game boosts sales for Kentucky Lottery
The Kentucky Lottery's new keno game hasn't attracted as many retailers as projected, but sales have exceeded expectations since it launched late last year.
Kentucky Lottery Chief Financial Officer Howard Kline told The State Journal that the bingo-style game, which has drawings every five minutes, sold $28.5 million in wagers as of June 21. He says that's about $500,000 more than estimated.
Kline said that came despite having only 272 Keno-only retailers sign on to offer the game by the e ...
Jul 8, 2014, 8:36 am - Lottery News forum
Keno opens a new fight over Arkansas lottery
Arkansas lottery officials won't just be making the case for why they should be allowed to expand their games to include offerings such as keno when the Legislature meets next year. They'll also be making the case for not completely overhauling their structure.
Legislation approved in a special session last week that bars the lottery from launching monitor games such as keno until March 13, 2015, ensures that the issue will be at the top of the agenda when lawmakers convene for next year's se ...
Jul 8, 2014, 8:06 am - Lottery News forum
NY senator in quest to print ads on lottery tickets
A bill from New York state Sen. Diane Savino allowing for ads to be placed on lottery tickets and terminals has passed the Senate, and Ms. Savino said it could raise hundreds of millions of dollars for education without increasing taxes.
The bill would allow for ads to be placed on Lotto tickets and Quick Draw terminals.
Ms. Savino (D-North Shore/Brooklyn) said that around 137 million tickets were sold in New York alone for the recent $654 million Powerball lottery.
Imagine if all thos ...
Jun 20, 2014, 8:30 am - Lottery News forum
Illinois legislator urges Gov. to fire company running the lottery
Northstar disagrees, says revenue targets met
Citing nearly three years of lackluster performance, an Illinois state lawmaker is urging Governor Pat Quinn to fire the company his administration hired to run the Illinois Lottery.
State Rep. Jack Franks, D-Marengo, said the state's contract with Northstar Lottery Group has cost taxpayers hundreds of millions in lost revenues due to the firm's failure to meet revenue goals.
The privatization of the Illinois State Lottery has been nothing ...
May 15, 2014, 12:13 pm - Lottery News forum
Pennsylvania Lottery to drive profits by boosting payouts
The state House on Tuesday approved a change to the Pennsylvania Lottery that the Corbett administration says will allow it to maximize profits for senior programs by meeting consumer demand for high-payout instant tickets.
State law requires the lottery to dedicate no less than 27 percent of revenue from ticket sales to funding programs for seniors. But most of the lottery's sales growth is from scratch-off tickets, which return less money to the state than do terminal-based games such as th ...
Apr 30, 2014, 9:56 am - Lottery News forum
Ohio Lottery considering offering a $50 instant ticket
A $50 instant lottery ticket may be in the future, say Ohio Lottery officials buoyed by the success of the agency's first $30 instant ticket.
The next step in the lottery world is the $50 ticket, lottery director Dennis Berg told lottery commission members at a recent meeting. We have talked about it here and there are conflicting opinions. Logically it is the next price point, but we do not know when it will happen.
Texas appears to be the only state with a $50 ticket, made available by ...
Apr 26, 2014, 9:36 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