Some States Consider Leasing Their Lotteries
As chief operating officer of the California Department of Finance, Fred Klass gets pitches from Wall Street bankers as often as the rest of us might get cold calls from telemarketers or insurance agents. But when Kathleen Brown of Goldman Sachs came to his office earlier this year and suggested privatizing the state lottery, Mr. Klass listened closely.
It wasn't merely because Ms. Brown happened to be a former state treasurer as well as the daughter of one famous California governor and the ...
Oct 16, 2007, 10:05 am - Lottery News forum
More than $240 million unclaimed by lottery winners
In the past ten years, more than $240 million has gone unclaimed by winners of the Illinois Lottery.
State officials say lotto players often don't realize they've still won cash, even if they don't match every number.
More than $17 million is already unclaimed this year and officials say the problem is getting worse.
All unclaimed prize money now goes into a fund for the state's public schools.
Some lawmakers want to create online accounts to so people can buy lottery tickets and hav ...
Oct 16, 2007, 9:18 am - Lottery News forum
CPA turns $2 into $13M lottery jackpot
Steve Workman stopped by a grocery store in Champaign, Illinois, Friday before leaving town for the weekend and bought a $2 lottery ticket.
Monday, he was back from his weekend trip and decided to check the numbers on several lottery tickets he was holding when he stopped to fill his car with gas.
To his surprise, he discovered he was the single winner of $13.5 million jackpot in the Illinois State Lottery's Lotto drawing held Saturday night.
I couldn't stop laughing. It was funny as h ...
Oct 12, 2007, 4:52 pm - Lottery News forum
Lottery winner took a 2nd chance, walked away with $1 million
O.K. Welty III's last-minute lottery decision became a profitable one for his family.
Welty, a 44-year-old car salesman from Oregon, had been saving Illinois Lottery tickets he bought earlier this year. One of those tickets won him $1,000, which he thought was a pretty big jackpot.
He decided to enter the Lottery's second-chance game because I figured I didn't have anything to lose.
Welty typically plays the Lottery when the jackpots are high, and he'll buy the occasional scratch-off ...
Sep 26, 2007, 1:05 pm - Lottery News forum
Is the lottery shortchanging schools?
According to the North American Assoc. of State and Provincial Lotteries, 42 states and the District of Columbia run lotteries, and more than half claim the games boost funding for education. But CBS News chief investigative correspondent Armen Keteyian found that lotteries aren't exactly providing a windfall for schools.
If you listen to state lottery ads, we're supposed to believe that all the numbers are supposedly adding up to more and more money for education.
Lotteries help, but n ...
Sep 19, 2007, 12:38 pm - Lottery News forum
Illinois Lottery will give away a million bucks on TV
Viewers at home can win $10,000 through a text messaging contest
The Illinois Lottery will be reaching out to people throughout the state when it televises its finale game show later this month.
On Sept. 22, at 12:30 p.m. CST, the Illinois Lottery will celebrate its Million Dollar Summer promotion by awarding 16 second-chance players at least $50,000, with one lucky player winning the $1 million grand prize.
WLS-TV (ABC 7 Chicago) will televise the finale and feature 190 North corre ...
Sep 7, 2007, 10:52 pm - Lottery News forum
Small community anxiously waits for $1M lottery winner to claim prize
It is very likely that a Madison County, Illinois, resident is $1 million richer after purchasing a winning lottery ticket at Casey's General in Glen Carbon. However, the winner has yet to come forward to claim the massive prize.
We're really disappointed, said Store Manager Shirley Sutter about the unknown winner having yet to seek the award. We're anxious to see who it is.
Sutter explained that the Illinois Lottery held a summer promotion called Million Dollar Summer Raffle in which ...
Aug 6, 2007, 7:28 am - Lottery News forum
Illinois Lottery Millionaire Raffle results
The Illinois Lottery's latest raffle-style game, Millionaire Raffle, was drawn last night, and will make four instant millionaires.
The winning numbers can be found here:
Millionaire Raffle is a raffle game offered by the Illinois Lottery, with a limited number of $20 tickets.
With only 500,000 tickets sold for the raffle, Millionaire Raffle offers the best odds to win $1 million of any Illinois Lottery game.
There is one ...
Aug 1, 2007, 8:06 am - Lottery News forum
West Virginia resisting trend to privatize Lottery
About a dozen states are flirting with the idea of selling their lotteries to private companies to help plug financial gaps in their budgets.
But West Virginia officials say they so far have not seriously considered such an initiative, which would privatize the state lottery in exchange for quick cash.
California Gov. Arnold Schwarzenegger, for instance, wants to sell the Golden State's lottery to bring in as much as $37 billion. Under Schwarzenegger's plan, the state lottery would be leas ...
May 10, 2007, 4:26 pm - Lottery News forum
Lotto tickets lead cops to murder suspect
Lottery tickets left at the scene of a double slaying at a Southwest Side grocery store in 2005 have led Chicago police to the suspected killer, police said today.
Timothy Fountain, 36, of the 12700 block of South Morgan Street, has been charged with two counts of first-degree murder in the course of a felony in the Aug. 4, 2005, slayings of Graciela Rodriguez, 38, and Nicholas Guerrero, 74, police spokesman Pat Camden said.
Police believe Fountain shot the two during a hold-up inside Magg ...
Apr 13, 2007, 7:11 pm - Lottery News forum