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TagResults 1 - 10 of 616 for financials. (0.03 seconds)

Former Georgia Lottery official files whistleblower lawsuit
A former top finance official with the Georgia Lottery has filed a whistleblower lawsuit claiming that he was fired after refusing to present inflated sales projections. Kenneth Knight, former vice president for financial management at the Georgia Lottery, names the lottery and its president, Debbie Alford, in the lawsuit. Knight argues that he was pressured by Alford and his boss to present the lottery board with flawed sales projections in April 2014. Knight says in the lawsuit that he t ...
Yesterday, 6:28 pm - Lottery News forum

A state lottery could help Alabama get its financial house in order
Fifty years ago, lotteries were illegal in every state, but they have proven so lucrative and politically irresistible that 44 states have since started selling tickets to the lottery. In 2013, state-run lotteries brought in $62 billion, which amounts to $257 in sales to every adult in the nation. Six stubborn holdouts remain. Alaska and Hawaii are isolated enough that they do not feel pressured by sales from their neighbors. Nevada and Mississippi have gambling lobbies that don't want a stat ...
Apr 20, 2015, 9:15 pm - Lottery News forum

Dozens of 'dead people' collected NJ lottery prizes last year
Nearly four dozen New Jersey lottery winners collected their prizes with false Social Security numbers belonging to dead people, according to an audit of the state lottery system. The audit also found that the lottery missed out on recovering $890,000 that winners owed in taxes and other obligations for the fiscal year that ended last June. The report, released Wednesday, said 680 people who won at least $600 presented potentially invalid IDs from July 2013 to July 2014. People are requ ...
Feb 19, 2015, 4:32 pm - Lottery News forum

Texas Lottery has its best week of scratch-off sales in 23-year history
Scratch-off sales for last week totaled nearly $76 million Last week, the Texas Lottery had its highest scratch-off ticket sales in the Lottery's 23-year history. Sales for scratch-off games totaled $75,677,650 beating the previous record of $75,360,138 set in March 2013. We are thrilled with last week's scratch-off sales as revenue generated from these games benefits public education and veterans in Texas, said Gary Grief, executive director of the Texas Lottery. When Texans are playi ...
Feb 10, 2015, 10:23 am - Lottery News forum

New Ireland Lottery operator expected to raise prices
Ireland's National Lottery is expected to raise ticket prices next year as part of a shake-up of the business aimed at halting several years of declining sales. The new operator, Premier Lotteries Ireland (PLI), is under pressure to recoup its 405 million outlay for the licence and is known to have set ambitious growth targets for its 20-year tenure in charge. While higher ticket prices would, in theory, generate bigger jackpots and potentially more publicity around its weekly draws, the m ...
Dec 16, 2014, 9:00 am - Lottery News forum

Illinois Lottery cuts ties with private manager
The split between the Illinois Lottery and its private manager, Northstar Lottery Group, is now official after three years of acrimony over lower-than-expected revenues. The termination agreement, signed Tuesday by Gov. Pat Quinn, comes a little more than three months after he directed lottery officials to sever ties with the company after it fell short of promised revenues for the third consecutive year. At the time, the company had posted record profits to the state, but those figures st ...
Dec 10, 2014, 9:11 pm - Lottery News forum

NJ lottery winners still receiving welfare, food stamps, audit says
An audit sniffing out fraud in New Jersey's Supplemental Nutrition Assistance Program detected 66 lottery winners who were perhaps too lucky. They were all welfare and food stamps beneficiaries who had each won more than $10,000, including one person who had been collecting $1,000 a week from the Win for Life scratch-off game prior to 2009. Ten other winners netted more than $100,000 in lottery proceeds from 2011 to 2013. All of them were still collecting food stamps this year, according to t ...
Dec 6, 2014, 2:52 pm - Lottery News forum

Pennsylvania House passes bill giving Lottery odds and prize flexibility
The Pennsylvania House has voted 195-1 to send to Gov. Tom Corbett a bill that Pennsylvania Lottery officials say will give them more flexibility in setting player odds and prizes, increasing sales in the long run. But that flexibility is paired in the bill with a new requirement that the General Assembly have final approval over any Lottery plans to add new game categories like Keno or Internet-based games. The latter clause, added by the state Senate earlier this fall, was a response to ...
Oct 22, 2014, 8:09 am - Lottery News forum

Casinos no death knell for lotteries
Casino opponents are forecasting a doomsday for the Massachusetts State Lottery if casinos are allowed to open in the state, but their predictions are not supported by the results in other large states that have introduced casinos into mature lottery markets, according to specialists and local media analysis. Citing a study written by a Massachusetts lawmaker in 2008, casino opponents issued a news release Oct. 8 predicting that lottery revenue would plummet by more than 20 percent, leading t ...
Oct 22, 2014, 7:36 am - Lottery News forum

Arkansas Lottery marks 5th anniversary
With over 150,000 Arkansas students awarded almost half a billion dollars in lottery-funded Academic Challenge Scholarships, the Arkansas Scholarship Lottery is celebrating five full years of big wins and big opportunities as an engine for higher education and an educated, higher-earning workforce. Before that first ticket was bought at 12:01 a.m. on September 28, 2009, we could only guess at what this lottery could do for our state, Arkansas Scholarship Lottery Director Bishop Woosley said. ...
Oct 7, 2014, 9:25 am - Lottery News forum

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