N.C. school construction lottery money doesn't really build schools
Includes video report
Where does the North Carolina Education Lottery money go? You know, you buy a ticket, you put money into the education lottery, and you think all that money goes to North Carolina schools. But that is not quite how it works.
Of every dollar, 61% goes back into the lottery for prizes, 28% goes to education, and 11% go back to retailers and the lottery for administration.
Of that 28 percent for schools, the Education Lottery website says 45.8% goes to teacher pay, 20 ...
Jul 10, 2014, 8:50 am - Lottery News forum
Maryland Lottery used to launder drug money, federal authorities say
Federal prosecutors have accused a man they say is one of Baltimore's most notorious drug dealers of laundering the profits of his heroin-selling operation through the Maryland State Lottery, Las Vegas casinos and a local used-car dealership.
The allegations against Steven Blackwell, laid out in a revised indictment Wednesday, are the most detailed glimpse yet into Blackwell's dealings, which police believe led to a spate of deadly violence in the city throughout 2008 and 2009.
Blackwell i ...
Apr 28, 2011, 7:36 am - Lottery News forum
Forbes: Tonight's $312M Mega Millions lottery is a sound investment
Editor's Note: Tonight's $312 million Mega Millions drawing takes place at 11:00 pm Eastern Time (8:00 pm Pacific Time). The winning numbers will be published at USA Mega (www.usamega.com) and at Lottery Post's Lottery Results page.
Playing the lottery is a fool's errand. Everyone knows it's a losing gamble, that the house wins and that, especially as jackpots increase, the odds of winning are slightly lower than the odds of getting struck by lightning twice. (Just ask this guy.) In tonight's ...
Mar 25, 2011, 7:47 pm - Lottery News forum
N.C. Lottery snatches back some prizes
Some lottery winners have no luck.
Before anyone can claim a big prize, state law requires lottery officials to first check on whether the winner owes the government any money.
Since the first ticket went on sale in North Carolina in March 2006, the lottery has collected $1.3 million in back taxes, delinquent child support, overdue student loans and other debts. For some winners, the hit is a few hundred dollars out of thousands. For others, the debt wipes out their whole prize ...
Apr 28, 2009, 10:37 pm - Lottery News forum
Tennessee may cap lottery winnings at $600 for poor
The Tennessee Legislature is considering a bill that could end up making life more difficult for the poor or could help them, depending on your point of view.
The bill at the center of the issue is scheduled to be discussed at a committee hearing Wednesday. It would prohibit anyone receiving state or federal assistance, sometimes called welfare, from winning $600 or more in the state lottery.
The bill's sponsor, Rep. Stacey Campfield (Knoxville), said that if someone can't afford the basic ...
Apr 7, 2009, 11:31 pm - Lottery News forum
Lottery win bad news for gas station employees
Store owner allegedly sold winning lottery ticket, fired staff to avoid sharing commission
Selling the winning lottery ticket turned out to be unlucky for four employees at the gas station that sold the $25.5 million ticket Jan. 3.
The employees, a former manager and three cashiers, allege that they were fired because the Wadsworth Mobil owner did not want to share the one percent commission he received for the winning ticket.
I'm kind of sorry we sold the winning ticket only because i ...
Jan 29, 2009, 11:00 am - Lottery News forum
CEO: Bonuses in lottery business are necessary
In a year in which the state is cutting back on spending, freezing pay and laying off staffers, Georgia Lottery CEO Margaret DeFrancisco received a $150,000 bonus.
In all, lottery staffers received about $2.5 million in bonuses this year.
DeFrancisco said the incentives are necessary to keep the lottery which set sales records again this year competitive with other businesses in the market for top workers.
The whole point is to attract and retain really talented people, DeFrancisco sai ...
Dec 29, 2008, 10:33 am - Lottery News forum
Lottery winner almost out of cash three years later
For fun, Keith Bryce and his wife, Elizabeth, play bingo on Tuesdays at a Knights of Columbus Hall, or watch movies on a mattress in the living room.
It's a long way from the craps tables, flashing lights and plush presidential suites at the swank Las Vegas hotels of their honeymoon.
Since Bryce won the Mega Millions lottery three years ago, he has clashed with family, spent close to $3 million and isn't far from the poorhouse a place he assumed he'd never visit again.
In the first 30 d ...
Dec 10, 2008, 8:05 pm - Lottery News forum
Spending on others brings happiness
Money can buy happiness when it is spent on other people, scientists have discovered.
Research in Canada and the US suggests happiness is not greatly affected by higher incomes or financial windfalls, it is significantly influenced by the amount people give away.
The more money people donate to charity or the more they buy gifts for loved ones or friends, the more likely they are to feel better about themselves, a team led by Elizabeth Dunn, of the University of British Columbia in Vancou ...
Mar 26, 2008, 9:22 am - Lottery News forum
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