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TagResults 21 - 30 of 478 for financials. (0.04 seconds)

Fla. Lottery to try vending machines... again
Construction worker Anthony Carey usually gets $50 worth of scratch-off lottery tickets once a week at the convenience store where he gasses up, but he says that'll probably change when Florida reintroduces vending machines later this year in supermarkets. The first of 1,000 machines should begin showing up in mid-August and all should all be in place by the end of November. Instead of just getting them when I'm putting in gas, I would be able to buy them basically anywhere, Carey said wh ...
Jun 5, 2009, 8:39 am - Todd - Lottery News forum

Ohio Lottery director under scrutiny for equipment debacle
A year ago, Ohio Lottery Director Michael A. Dolan persuaded skeptical lawmakers to buy $11.6 million worth of equipment to launch the state's new Keno game on a promise that the setup would still work after a year a premise that Dolan later admitted was false. Now, as Dolan prepares to ask the same legislative panel to approve a $41 million contract with a company to run Keno and other lottery games for the next two years, the director's own dubious promises could return to haunt him. On ...
Jun 1, 2009, 9:51 am - Todd - Lottery News forum

Oregon Lottery contributions critical to athletic department
The University of Oregon athletic department likes to say it is self-sufficient. However, true self-sufficiency would mean receiving no outside help from other organizations. The department is almost self-sufficient. It hasn't received any money from the University's general fund since 2003, so it is self-sufficient from the institution. In reality, the University and the other colleges in the state of Oregon gets a little bit of help from an unlikely source: the Oregon Lottery. Since 1990 ...
May 27, 2009, 11:59 am - Todd - Lottery News forum

S.C. lottery chief says Arkansas can clear $125M in first year
New commission urged to focus on hiring director South Carolina lottery director Ernie Passailaigue estimated that the Arkansas lottery could clear roughly $125 million in net profit its first year. Passailaigue spoke to Arkansas Lottery Commission members Thursday afternoon at a working retreat held at the Winthrop Rockefeller Institute within Petit Jean State Park. Joining him to pass along expertise in helping implement successful state lotteries was Margaret DeFrancisco, director of th ...
May 15, 2009, 8:24 am - Todd - Lottery News forum

N.J. Lottery to end live broadcast of midday drawing
Is $100,000 in cost-savings worth the loss of midday drawing broadcasts? Beginning Friday, the New Jersey Lottery Commission will stop airing live drawings at 1 p.m. on the state's public television network in an effort to save money. Only summaries of the results of the Pick 3 and Pick 4 lotteries will be shown on New Jersey Network at 1 p.m., the state Lottery Commission said today. Video of the actual drawings will only be available on the commission's Web site. The midday winning ...
May 11, 2009, 10:41 pm - Todd - Lottery News forum

Connecticut lottery agents protest cut in commissions
More than 100 lottery agents from across the state came to Connecticut Lottery headquarters in Rocky Hill Thursday to protest a cut in ticket commissions by the Connecticut Lottery Corp. The agents, who represent businesses ranging from small convenience stores and gas stations to delis and grocery store chains, are frustrated by an act that state legislators passed in February that cut commissions from 5 percent to 4 percent as of April 1. The lottery corporation's board of directors stil ...
May 8, 2009, 11:30 am - Todd - Lottery News forum

Prop 1C would change the California Lottery
Voting 'Yes' will allow lottery to create larger prize payouts On May 19, California voters will have a chance to change the state lottery for the first time since it started in 1984. Proposition 1C would allow the state to borrow $5 billion from future lottery profits to help balance the state's 2009-10 budget. Lottery payment to educational institutions would end and the state general fund would increase its payments to schools to make up for the loss of lottery funds. Currently, t ...
May 8, 2009, 8:35 am - Todd - Lottery News forum

Tennessee Lottery shortfall requires reserves
$10 million needed to fully fund scholarship grants for students Are computerized drawings hurting sales? Will the Tennessee Lottery bring back real ball drawings? Why is Powerball always blamed for poor financial showing in Tennessee? The state of Tennessee probably will have to pull about $10 million from reserves to keep lottery scholarships fully funded this year, budget officials said after reporting a revenue shortfall last week. State Budget Director Bill Bradley said the state w ...
May 4, 2009, 6:35 pm - Todd - Lottery News forum

Proposition 1C changes how California Lottery funds are used
Like the lottery games it promises to change, Proposition 1C looks to be a bit of a gamble. The measure could deliver $5 billion to help close the state's staggering $42 billion budget gap. At the same time, it would ease long-standing rules that some believe have held back the 25-year-old state lottery. Within a few years, however, Proposition 1C may only make the state's financial problems worse, the nonpartisan Legislative Analyst's Office has warned. The proposition, one of six budg ...
Apr 28, 2009, 8:20 am - Todd - Lottery News forum

N.Y. Lottery posts record sales
Lottery posts small gains in traditional lottery games; higher sales but lower profits in video gaming The New York Lottery is feeling lucky despite the woes of the economy. According to Director Gordon Mendecina, the New York Lottery sold $7.66 billion in lottery tickets in the last fiscal year. $2.54 billion of that went to education, and another four billion dollars was given away as prizes to lucky winners. NY Lottery divides its revenue into traditional lottery (jackpot games and s ...
Apr 14, 2009, 10:36 am - Todd - Lottery News forum