All Kentucky lottery money to fund education
Finally fulfilling the promise made 17 years ago to voters who approved a state lottery, all of the Kentucky Lottery's revenue will go directly to education beginning today specifically to fund college scholarships.That means students who meet financial criteria will get larger awards, and more students will receive both need-based and merit-based scholarships.A projected $167 million in lottery proceeds over the next 12 months will fund the scholarships an increase from $134 million last ye ...
Jul 1, 2005, 11:21 am - - Lottery News forum
Kentucky Lottery starts new 'Double Up Cash' game this weekend
The Kentucky Lottery will begin selling tickets Sunday for a new computerized game, Double Up Cash, that offers players a chance to double nonjackpot prizes if they correctly pick heads or tails. Numbers for the game will be chosen nightly, Monday through Saturday. Tickets cost $1, and the prize payouts range from a free-play ticket to a minimum jackpot of $40,000.The jackpot will increase by $10,000 for every night it isn't hit, up to a maximum of $500,000, said lottery spokesman Chip Polsto ...
Mar 30, 2005, 7:40 am - - Lottery News forum
Kentucky Lottery hurt by players' luck
Big prize payouts by the Kentucky Lottery, including multimillion dollar payments to winners in three February Pick 3 games, are making a dent in the amount of money being returned to the state treasury, lottery officials said Friday.Normally, in the twice-daily Pick 3 drawing, having the same digit for all three numbers occurs only once every six weeks or so, lottery officials said. But 3-3-3 was drawn on Feb. 2, resulting in payment of $2.86 million in prizes, 2-2-2 was drawn on Feb. 12, resul ...
Mar 28, 2005, 10:06 am - - Lottery News forum
Will Tennessee's new games cloud Kentucky lottery's future?
Kentucky has Daniel Boone, Abe Lincoln, Adolph Rupp, Loretta Lynn, and Ashley Judd.Tenessee has Davy Crockett, Andy Jackson, Bob Neyland, Dolly Parton, and Dixie Carter.For a couple of centuries, there has been a border rivalry between Kentucky and Tennessee as the states have dueled over history and heroes and have had spats over sports and politics. Now the rivalry has become more serious than ever. The Big and the Big Orange are fighting over the Big Green - as in money.Kentucky has the lotte ...
Jan 27, 2005, 10:57 am - - Lottery News forum
Kentucky Lottery: More than 'state-sanctioned gambling operation'
This is the first story in a four-part series on the Kentucky lottery and its local and state impactSince it was founded in April 1989, it has generated nearly $8 billion in sales and contributed more $2 billion in revenue to the state treasury. But this multibillion-dollar enterprise is not your typical big business.The billions in sales it has generated come not from the sale of goods or services but from the sale of tickets. The $2 billion in revenue it has produced for the state comes not fr ...
Jan 27, 2005, 10:18 am - - Lottery News forum
Lottery benefits Kentucky students but not its schools
This is the third story in a four-part series on the Kentucky lottery and its local and state impactAmid last year's protest by Kentucky teachers over what they considered to be an insufficiently-funded health insurance plan offered by Gov. Fletcher, the Kentucky Lottery Corp. received a letter from one of the angry educators. The letter underscored another, much older controversy surrounding education funding. The letter writer said, 'When you look at the amount of money generated for the Kentu ...
Jan 26, 2005, 11:09 am - - Lottery News forum
Two men played key roles in establishing Kentucky Lottery
Two people played key roles in Kentucky's joining the growing ranks of states with lotteries. One of them was a politician who grabbed the headlines. The other was a storekeeper who worked behind the scenes, but his role in the founding of the now 15-year-old Kentucky Lottery Corp. was an important one.In the headlines was the late Gov. Wallace Wilkinson, a Lexington-based millionaire textbook salesman who was a native of Liberty. Behind the scenes was J.N. Frankel, a prominent Danville merchant ...
Jan 25, 2005, 12:51 pm - - Lottery News forum
Kentucky lottery sales fall, but still exceed forecast
Tennessee games cut into revenue The year-old Tennessee Lottery continues to have less impact on Kentucky Lottery revenues than expected, with ticket sales for the first six months of fiscal 2004-05 down just 8 percent from the same period last year.Sales from July 1 through Dec. 31, 2004, were $20 million higher than forecast last spring, when officials were still trying to gauge the impact of the competing Tennessee Lottery, directors of the Kentucky Lottery Corp. learned at a meeting late las ...
Jan 25, 2005, 11:00 am - - Lottery News forum
Survey: One-fourth of retail customers buy lottery tickets
This is the second story in a four-part series on the Kentucky lottery and its local and state impactOne out of every four customers at area stores that offer lottery games regularly buy tickets, according to a random survey of more than two dozen retailers in Boyle, Casey, Garrard, Lincoln and Mercer counties.And the ticket sales they generate - more than $62 million worth in all five area counties over the last six fiscal years - have produced more than $3 million in commissions for the 65 are ...
Jan 25, 2005, 10:12 am - - Lottery News forum
Kentucky lottery players try to beat the odds
This is the first story in a four-part series on the Kentucky lottery and its local and state impactMost members of James Carrier's family have earned their largely modest income from the soil. But there is one relative of the retired Crab Orchard area farmer who a little more than a decade ago planted a seed that turned her into a millionaire.The seed, in this case, came not from a farm supply shop but from a convenience store.Back in 1994, one of Carrier's aunts, Beverly Pitt, also of Crab O ...
Jan 25, 2005, 9:20 am - - Lottery News forum
