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
Arizona legislators may borrow against future lottery revenue
Voters must extend lottery beyond 2012
State lawmakers already are eyeing another special session on the budget next month, including a proposal to ask voters to extend the Arizona Lottery.
The plan comes even though the Republican-controlled Legislature has yet to give final approval to plans to cut about $300 million in state aid to education and welfare-agency funds.
That effort stalled Thursday when two GOP lawmakers refused to go along with a piece of the package to let state agenc ...
Nov 23, 2009, 10:32 am - Lottery News forum
ARKANSAS LOTTERY DRAWINGS TO BE COMPUTERIZED
Numerous polls show players do not trust computerized drawings
Did Arkansas Lottery Commission hire the right team?
Senator proposes bill scrapping the lottery
Despite nearly universal player mistrust of computerized lottery drawings, the new Arkansas Lottery director made the inexplicable decision this week to forgo real mechanical lottery ball drawings, and use a computer program to select the winning numbers in the state's new lottery.
The commission met at Philander Smith College ...
Aug 1, 2009, 1:20 am - Lottery News forum
N.J. Lottery goes from zero to highest tax rate in the USA
Adding insult to injury, 11% taxes are retroactive back to Jan. 1
Local Mega Millions winner calls it Pathetic money grab , as feel-good story about workers' winning jackpot is transformed into an example of oppressive government that finds it easier to take from a few lucky winners than to stop wasteful government handouts and spending.
The limits of luck are becoming clear to Lynn Sellari, whose Cash 5 lottery ticket left her with a windfall of money in May.
Over the past few days, Se ...
Jul 2, 2009, 11:40 pm - Lottery News forum
Quick decision: New Ark. Lottery chief recommends Powerball
The newly hired director of the Arkansas Scholarship Lottery says he is recommending that the State Lottery Commission accept an invitation by Powerball to join the multi-state lottery known for its often soaring jackpots.
Ernie Passailaigue says he hopes the state begins selling scratch off tickets by October 29th and selling Powerball tickets by early 2010.
Passailaigue says he believes once the lottery is up and running Arkansas could see $1.5 million a day in sales.
But another pote ...
Jun 25, 2009, 12:13 am - Lottery News forum
Internet gambling bill awaits house vote
Legislation seeks to enable some forms of online gambling such as Internet poker and wagering on horse racing
Congress is moving closer to passing legislation that will relieve U.S. financial services companies from implementing bans on Internet gambling as the Payments System Protection Act (H.R. 6870) was approved by the House Committee on Financial Services and appears headed for a possible vote by the full House next week.
Pushed by the committee's chairman, Rep. Barney Frank, D-Mass., ...
Jun 10, 2009, 7:51 pm - Lottery News forum
IL Senator again pushes for online lottery ticket sales
When Illinois lottery jackpots swell into the hundreds of millions, so do the lines for tickets. What if you could simply purchase lottery tickets online, at home or work?
That's been the vision of Illinois State Senator John Cullerton since February of this year, when Lottery Post reported that the Senator was pushing for lottery ticket sales over the Internet (www.lotterypost.com/news/189242).
When a jackpot gets up over eighty million, that's when people want to buy at least one ticket ...
Jun 8, 2009, 8:55 am - Lottery News forum
Delaware legalizes sports betting
Table games are next; Maryland lawmakers worried
Standing in front a screen displaying lines for the NFL, NBA and MLB, Gov. Jack Markell Thursday signed a sports betting bill into law at a ceremony inside the VIP room at Delaware Park racetrack and casino.
After signing the legislation Markell said his administration looks forward to working with the state's three racinos to make the Delaware sports lottery as successful as possible.
There is tremendous interest in the sports lottery t ...
May 15, 2009, 8:45 am - Lottery News forum
Nevada Gov. flip-flops on lottery
True or not, it doesn't really matter
Nevada Gov. Jim Gibbons might not remember it, but the record shows he has flip-flopped on the issue of a state lottery.
Gibbons told a town hall audience in Minden last week, I have no problem with a lottery. As they have for decades, lawmakers are again considering creating a state lottery in Nevada.
Asked about his stance in an interview, Gibbons said, I never have opposed a lottery. When did you hear that?
Gibbons' previous opposition is in ...
May 11, 2009, 6:40 am - Lottery News forum
Delaware House passes sports betting bill
The Delaware House has passed a sports betting bill that failed to win approval earlier this week.
After hours of closed-door negotiations, lawmakers convened early Friday morning to rescind Tuesday's roll call and vote on a revised bill, which won overwhelming approval.
The vote came after several hours of talks between Gov. Jack Markell and his staff and Republican and Democratic leaders in the House.
The proposed sports lottery and the money it would bring are key components in Marke ...
May 8, 2009, 8:57 am - Lottery News forum