N.C. Lottery increases prize percentage
Critics decry smaller education 'slice of pie'
Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.
Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.
A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how mu ...
Sep 26, 2010, 11:12 am - Lottery News forum
Decision on privatizing Illinois Lottery 'within days'
Illinois Gov. Pat Quinn could select a private firm to manage the Illinois State Lottery as soon as next week, but some lawmakers would rather keep the lottery under state government.
Two bidders are vying for the right to privately manage the Illinois State Lottery. Earlier this week at a public hearing held in Chicago, the Northstar Lottery Group and the Camelot Group both presented their proposals to a state commission.
The Northstar Lottery Group is a combination of three different com ...
Sep 10, 2010, 8:37 am - Lottery News forum
N.C. collected record debt from lottery winners
The North Carolina Lottery collected a record $1 million during the past year from prize winners who were also debtors.
The lottery scans big winners against a list of people who owe child support, back taxes, hospital bills and student loans. So as you dream about spending the piles of money you plan to win in the lottery, don't forget those bills you never paid.
The big collection comes in a record year for lottery sales, which topped $1.4 billion, a 10 percent increase from the previous ...
Aug 11, 2010, 10:21 am - Lottery News forum
US Rep. introduces revised Internet gambling bill
In March, Rep. Jim McDermott (D-WA) announced that he was re-introducing legislation to tax licensed Internet gambling in the U.S.
The bill, known as the Internet Gambling Regulation and Tax Enforcement Act, is a companion to legislation introduced by Rep. Barney Frank that would license and regulate online gambling. Rep. McDermott's bill includes new provisions that weren't in the original version introduced in October, including a revenue incentive for States that could generate up to an es ...
May 17, 2010, 7:45 am - Lottery News forum
New Maryland Lottery Director appointed
Maryland Gov. Martin O'Malley Friday announced the appointment of Stephen L. Martino as director of the Maryland State Lottery Agency.
The Lottery's director is appointed by the Governor with Senate advice and consent.
I am proud to appoint Mr. Martino to head the Maryland Lottery, said Governor O'Malley. Mr. Martino brings a wealth of expertise in the racing and gaming industry, as well as legal knowledge and experience. I am confident that Mr. Martino will oversee the operations of the ...
Apr 26, 2010, 7:55 am - Lottery News forum
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