Illinois Lottery may privatize lottery to solve budget woes
The search for revenue to help fix to the state's budget woes has put a spotlight on the Illinois State Lottery.
For more than three decades, the lottery has been a steady, reliable source of revenue for the state. Since 1985, it has brought in more than a half billion dollars annually.
But, just as other state and local governments have sold off assets to help balance their bottom line and avoid tax hikes, the lottery is now being marketed as a potential target for a hybrid brand of priva ...
Apr 5, 2010, 7:03 am - Lottery News forum
Calif. Senate approves higher lottery payouts
The California Senate has approved a bill intended to dedicate a larger percentage of California lottery money to the public.
The bill would return an additional 3 percent of lottery proceeds in prizes or school aid, increasing the level to 87 percent. Less money could go toward administration.
It passed the Senate on a 32-0 vote Monday and now returns to the Assembly, which approved the bill last year but now must agree with amendments made in the other house.
The bill by Democratic As ...
Mar 23, 2010, 9:51 am - Lottery News forum
States go all in, expand gaming to plug the budget
Faced with a drop in gambling revenue, states are adding games, considering new casinos and increasing lottery options anything to keep their cut of the profits rolling in.
States are adamant that they don't want to take advantage of anyone, but with budgets in free-fall and tax increases a losing hand politically, lawmakers acknowledge they are dependent on gambling dollars.
At least 18 states this year are looking to expand games of chance because of a drop-off of anywhere from 5 to 14 p ...
Mar 15, 2010, 9:24 pm - Lottery News forum
Maine Gov. nudged toward approval of Mega Millions
Keno and table games also on the radar for legislators
Maine may get another big jackpot lottery game, Mega Millions, if lawmakers approve a proposal discussed by the Appropriations Committee on Wednesday.
More lottery games is something we will definitely look at, said Sen. Bill Diamond, D-Windham, co-chair of the panel. I think there is some support, and concerns, on this committee for keno.
Diamond said Maine already is deeply involved in gambling and another lottery game is not re ...
Feb 25, 2010, 9:30 am - Lottery News forum
Lawmakers recommend expansion of Maine Lottery
Gov. says no way; doesn't like the lottery
Maine lawmakers say they want to expand the state lottery by adding a video version of keno and joining the multistate Mega Millions, but Gov. John Baldacci is against the idea.
Members of the legislature's Legal and Veteran Affairs Committee say Maine could reap $1.5 million annually by joining more than 30 other states in Mega Millions. They said Thursday that keno an electronic hybrid of the lottery and bingo could generate $2.3 million for the ...
Feb 12, 2010, 8:51 am - Lottery News forum
Arizona lawmakers vote to extend state lottery
You can put money on it: Arizona is likely to have a state lottery for the next 25 years.
The state House of Representatives on Monday voted to create a new lottery that would begin in mid-2012, when the current game expires.
The House support of Senate Bill 1004 follows the approval last week of the state Senate. The bill now goes to Gov. Jan Brewer, whose state budget plan relies on the lottery's continuation.
Lawmakers also sent SB1005 to Brewer, a change in how certain out-of-state ...
Feb 9, 2010, 8:48 am - Lottery News forum
Lawmakers to mediate spat over Iowa Lottery security
Relations have become so strained between feuding directors of two state agencies that a couple of Iowa lawmakers have agreed to step in as mediators.
The standoff pits state ombudsman William Angrick against Iowa Lottery chief executive Terry Rich.
Angrick's staff, which investigates citizen complaints, has spent more than two years investigating the Iowa Lottery and has concluded that lottery players could be at risk of being cheated.
Rich says he has responded fully to each of the om ...
Dec 14, 2009, 9:33 am - Lottery News forum
Mass. Lottery becoming political football
A war of words and numbers broke out in the governor's race yesterday as Gov. Deval Patrick accused rival Tim Cahill of making excuses about the Lottery's performance even as the state treasurer touted a better-than-expected financial forecast.
I and I think the legislative leadership are losing our patience with the excuses with the Lottery performance, Patrick said yesterday. Just give us a realistic estimate so we can build that into a budget, and not have to do patches and plugs to cope. ...
Dec 11, 2009, 8:25 am - Lottery News forum
Intralot's D.C. Lottery contact finally passed by council
The lucrative and long-controversial lottery contract has finally passed the D.C. Council.
Intralot, a Greek-owned multinational firm, has been approved to take over the city's online number games from longtime operator Lottery Technology Enterprises---a contract worth nearly $40 million over five years. The company's successful first bid ended in a political fiasco, with several councilmembers refusing to ratify the contract after raising questions about minority partners. A second round of ...
Dec 1, 2009, 8:00 pm - Lottery News forum
US delays crackdown on Internet gambling
The US Treasury Department and Federal Reserve Board delayed for six months on Friday the enforcement of new rules designed to crack down on Internet gambling.
In a joint statement, the Treasury Department and Federal Reserve said US financial institutions were being given until June 1, 2010 to be in compliance with the Unlawful Internet Gambling Enforcement Act.
The act, which would ban US banks, credit card and financial companies from handling unlawful Internet gambling bets, had been s ...
Nov 28, 2009, 6:52 am - Lottery News forum