Illinois House approves privatizing state lottery
Illinois would raise $10 billion for building roads and schools by privatizing its state-run lottery for half a century under a plan the House approved Wednesday night.
After years of resisting, Speaker Michael Madigan and his House Democrats approved turning the lottery over to a private vendor because Gov. Rod Blagojevich and the Legislature have never agreed on another way to pay for a statewide construction program.
The House also voted to restore some of the painful budget cuts Gov. R ...
Sep 12, 2008, 3:15 am - Lottery News forum
Law creating N.C. Lottery to be reviewed by state's Supreme Court
North Carolina's highest court will decide whether the Legislature approved properly a bill that created the state's education lottery.
State Supreme Court justices scheduled oral arguments Monday in a lawsuit originally filed by taxpayers who sued state and elected officials.
At issue is whether 35 percent of the price of each lottery ticket constitutes a tax. If so, the state legislature violated the North Carolina Constitution when it approved the lottery in 2005 because it did not foll ...
Sep 8, 2008, 2:59 pm - Lottery News forum
Senate panels look into privatizing Texas Lottery
As state revenue from the Texas Lottery continues to decline, two Senate committees on Wednesday began searching for ways to boost the state's take from the games of chance including the possible privatization of the entire lottery operation.
Senators indicated they are willing to look at a variety of options to get the revenue flow back on an upward track after recent declines - including a drop to about $975 million this fiscal year after several straight years of totals over $1 billion - a ...
Aug 30, 2008, 12:41 am - Lottery News forum
Arkansas Lt. Gov. pushes lottery proposal
Four times members of Lt. Gov. Bill Halter's staff have traveled to various corners of Arkansas to speak about the lottery proposal.
When college has never been more important to Arkansas, it's also never been more expensive. Halter says Arkansas needs more college graduates. And the way to fund that is to keep some of the dollars flying out of Arkansas to neighboring states lottery games.
Halter says, In Texas alone they raised more than a billion dollars for education last year off of t ...
Jul 15, 2008, 6:54 pm - Lottery News forum
D.C. Lottery contract award put on hold
Washington, D.C. Mayor Adrian M. Fenty is withdrawing a controversial proposal to award a $120 million lottery contract to a start-up firm in a maneuver designed to prevent the agreement from dying in the D.C. Council.
Fenty (D) will resubmit the proposal in September, when the council returns from a summer recess, interim Attorney General Peter J. Nickles said.
That would be the third time Fenty asks the council to give the contract to W2I Ventures instead of extending the agreement with ...
Jun 27, 2008, 8:01 am - Lottery News forum
GTECH given time to fight for Ohio Lottery contract
Legislators stall the hiring of Intralot
Treading carefully through a legal minefield yesterday, a panel of state legislators put off a decision to hire a new company to run popular Ohio Lottery games, including Pick 3, Mega Millions and the upcoming Keno game.
The state Controlling Board, a panel of legislators that votes on major spending proposals, spurned a request by Lottery Director Michael A. Dolan to approve a one-year contract with Intralot SA, a Greek company with U.S. headquarte ...
Jun 4, 2008, 10:33 am - Lottery News forum
California Lottery revenues dip
California Lottery officials on Tuesday lowered revenue estimates for the year by $275 million, just as Gov. Arnold Schwarzenegger suggested the state could double sales in a decade.
Citing a declining economy and poor brand image for the games, officials said the lottery's declining performance would reduce contributions to public education by $94 million, about 8 percent less than expected in the fiscal year that ends June 30.
It makes it more difficult for the lottery to meet the goals ...
May 20, 2008, 10:30 pm - Lottery News forum
California Gov. calls for expanding, privatizing lottery
Massively expanded lottery revenues are key to Schwarzenegger's budget plan
Called the lottery an underperforming asset
Anxious to avoid deep cuts in education spending, Gov. Arnold Schwarzenegger on Wednesday proposed dramatically expanding the state lottery and slashing entitlement programs, to help close a budget gap now pegged at $17.2 billion.
Schwarzenegger hopes to win voter support in November for a deal to obtain $15 billion from Wall Street firms, to be repaid from what the g ...
May 16, 2008, 8:41 am - Lottery News forum
Privatization of Texas lottery may get 2nd look in 2009
Texans could buy lottery tickets at the checkout lines in supermarkets and big-box department stores, at coffee shops and cabarets. They could pay with credit cards or personal checks and play online or the old-fashioned way with a ticket that's also a tiny ad for anything from soft drinks to sporting events.
Those are just some of the proposals offered to state officials by some of the nation's largest financial firms that have an interest in remaking the 16-year-old government-run Texas Lot ...
Apr 8, 2008, 10:42 am - Lottery News forum
Tenn. lawmakers want to force lottery to drop computer draws
There is new discussion in the Tennessee Legislature about the possibility of the state lottery going back to using ping-pong balls to select the Cash 3 and Cash 4 winners.
In 2007, a computer programming error prevented anyone who played repeated digits, such as two fives in a row, from winning.
The error was discovered Aug. 20 when lottery officials contacted the system designer, Smartplay, about their concerns.
The lottery is asking Smartplay, and the company that certified the syste ...
Mar 26, 2008, 9:08 pm - Lottery News forum