Illinois lottery privitization plan panned by tax group
An estimated $10 billion windfall from the sale or lease of the Illinois Lottery for state education funding would be short-lived, maintains a new report by the Center for Tax and Budget Accountability, a Chicago-based fiscal policy think tank.
Introduced by Gov. Rod Blagojevich May 23, the proposal calls for funneling $4 billion in sale proceeds for school construction, text books purchases and new programs, such as full-day kindergarten and a longer school year.
The remaining $6 billio ...
Jun 22, 2006, 9:06 am - Lottery News forum
Illinois Gov. won't reveal data on lottery sale plan
The Blagojevich administration said Tuesday it won't release a consultant's work on how much money the state could make by selling or leasing the Illinois state lottery. The administration compared such a move to sharing playbooks with rival sports teams.
Republicans have called for public disclosure.
Gov. Rod Blagojevich last week proposed privatizing the lottery to provide a bonanza of cash for education over the next few years. He said New York-based consultant Goldman Sachs estimated t ...
May 31, 2006, 7:36 am - Lottery News forum
Sale of Illinois Lottery could start a trend
If Illinois privatizes its lottery system, investors and public officials in other states will closely watch the groundbreaking move with an eye toward repeating it, a gaming industry leader predicted Wednesday.
Gov. Rod Blagojevich, a Democrat running for a second term in November, announced Tuesday a proposal to sell off or lease the state's lottery system to private investors in order to bolster school funding. He said the state could get $10 billion out of the deal and use the money to fu ...
May 25, 2006, 9:48 pm - Lottery News forum
Many dislike Illinois Gov.'s lottery privatization plan
A day after Illinois Governor Rod Blagojevich unveiled his $10 billion school financing and education reform plan, lawmakers, local school officials and teachers union representatives raised serious reservations, suggesting that key portions of the proposal will face a rocky path.
Virtually every aspect of the agenda from state takeover of failing schools to merit pay for teachers to mandated after-school tutoring has its skeptics and detractors.
Overall, educators applauded Blagojevich ...
May 25, 2006, 6:21 pm - Lottery News forum
Illinois Gov. wants to privatize state lottery
Controversial plan is designed to capture funds for education up-front, but is it worth the gamble?
Democratic Illinois Governor Rod Blagojevich today will unveil an election-year school funding plan that calls for leasing the state lottery for the next decade to a private firm in return for $10 billion in upfront cash.
Schools would get at least $1 billion a year for the next four years from such a deal, with the remaining $6 billion going into an education trust fund governed by a board ...
May 23, 2006, 2:38 pm - Lottery News forum
Lottery scammer busted by Border Patrol
A woman accused in Illinois and Florida scams and featured on the TV show America's Most Wanted was arrested in El Paso, Texas, a report said Wednesday.
Maria Gomez, 49, was among 16 illegal aliens U.S. Border Patrol agents detained when they were spotted crossing a river near the U.S.-Mexican border.
The high-profile arrest occurred Monday evening when Border Patrol agents witnessed a group of people crossing the river four miles from the Zaragoza Bridge, trying to sneak into the Unite ...
Apr 26, 2006, 6:50 pm - Lottery News forum
Illinois Lottery hires Bernie Mac
Add comedian Bernie Mac to the list of people who've hit the lottery jackpot.
Mac is receiving $500,000 for about 2-1/2 days of work endorsing a new state lottery game in what lottery officials are calling a phenomenal deal because of the success of his television show.
But Mac's six-figure paycheck is drawing criticism from state lawmakers who would like to see the money spent elsewhere.
For nearly $23,000 an hour, Mac will lend his name and likeness for two TV ads, two radio ads and ...
Mar 20, 2006, 7:27 am - Lottery News forum
Illinois lottery winner gets 30-month prison sentence
A man who won an Illinois lottery jackpot less than a year ago was sentenced to 30 months in prison Friday on gun and drug charges, federal officials said.
Eric Wagner, 33, of Freeport, pleaded guilty last year to selling a firearm to a felon in 2004 and illegally distributing marijuana in 2004 and 2005.
A federal judge in Rockford also fined Wagner $35,000, the U.S. Justice Department said in a news release.
Wagner and eight others purchased a winning Lotto ticket at a Freeport superma ...
Feb 4, 2006, 7:15 am - Lottery News forum
Illinois Lottery exploring Internet sales again
Could keno be out and Internet lottery in?A proposal from last spring to authorize Internet sales of Illinois lottery tickets popped up again Thursday, a week after Gov. Rod Blagojevich unveiled a controversial initiative to include keno in the lottery as a way to finance school construction bonds.A Blagojevich spokeswoman said the governor was not backing off the keno proposal but seemed to hedge her bets. We are willing to consider other ideas from the General Assembly, Rebecca Rausch said.Th ...
Jan 20, 2006, 10:57 am - Lottery News forum
$20 million Illinois Lotto ticket sold at convenience store
Someone is much richer this week after buying a winning Illinois Lottery ticket and hopefully they know it.A grand-prize Lotto ticket worth $20 million was sold Saturday at a downtown Chicago convenience store, with the ticket unclaimed as of Sunday night, according to an Illinois Lottery spokesman. It looks like there is one grand-prize winner, said Courtney Hill, noting that the ticket that matched the number sequence 11-18-29-40-49-50 was sold in the White Hen at 600 N. McClurg Ct.The ...
Jan 16, 2006, 7:06 am - Lottery News forum