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TagResults 81 - 90 of 91 for oregon. (0.02 seconds)

Ruling taxes lottery winner at higher rate
An Oregon Lottery jackpot winner is going to have to pay a higher tax rate after a federal appeals court rejected his argument the prize money should be taxed like an investment at the lower capital gains rate.J. Michael Maginnis won a record $23 million jackpot in July 1991 that he divided among himself, his wife and their three sons.Maginnis chose to receive his $9 million share in 20 annual installments, a typical payment schedule at the time for state lotteries, which purchase an annuity for ...
Feb 4, 2004, 5:33 am - Lottery News forum

Oregon pays lottery sites larger share, audit finds
Leaders say the report shows retailers' portion of proceeds should be cut, but a lobbyist disagreesThe Oregon State Lottery pays retailers a bigger cut than similar operations do, a state auditors' report says, a finding that could bolster a long-standing drive to lower the compensation that bars and taverns get for carrying video poker machines.Oregon retailers receive on average 32 percent of the net proceeds from video poker -- about $159 million last fiscal year -- according to the report re ...
Jan 30, 2004, 6:50 am - Lottery News forum

Orgeon lottery gears up to sell new contract
Critics have called for the agency to expand revenue from games and cut retailers' compensationOregon State Lottery officials will launch two weeks of public forums in March to talk to retailers about compensation rates and other issues as the agency prepares a new six-year contract.Under a fast-track schedule unveiled to lottery commissioners Friday, agency representatives should hit Pendleton, Bend and Ontario the first week of March before moving on to Grants Pass, Eugene, Salem and Portland. ...
Dec 22, 2003, 6:09 am - Lottery News forum

Ex-lawmaker, lottery leader dies
He retired from public service at age 94 after serving in several positionsTributes poured in Friday for E.D. Debbs Potts, a former lawmaker, president of the Oregon Senate, and until this month, the only chairman of the Oregon Lottery Commission.Potts was found dead Friday morning at his home outside Grants Pass. He turned 95 last week. The Josephine County Sheriffs Office has not listed a cause of death.Debbs Potts was a role model for many of us and a credit to his state, said Gov. Ted Kulong ...
Dec 22, 2003, 6:08 am - Lottery News forum

Oregon man wins lottery millions
A 37-year-old Medford construction worker claimed his prize from a $21.7 million Megabucks jackpot Monday and promptly went into seclusion.Deron Hammond needed a couple days to contemplate the future after winning the second-largest prize in Megabucks history, said Ray Martin, a spokesman for the Oregon Lottery. He kind of shied away from publicity, Martin said.But Hammond didnt shy away from Mondays presentation ceremony in Salem, where seven friends and family members accompanied him as he ...
Dec 18, 2003, 4:13 am - Lottery News forum

One Ticket Wins $21.7 Million Oregon Megabucks Jackpot
One person won the $21.7 million jackpot Monday night in the Oregon Lottery's Megabucks lotto game, returning the jackpot to $1 million for Wednesday's drawing.Spokeswoman Laurie Machado said 18 tickets bearing five of the six winning numbers were sold, worth $593.40 apiece when redeemed at the lottery's office in Salem in person or by mail.She said 954 tickets bearing four winning numbers were sold, good for $34.20 each at any Megabucks dealer.The winning numbers in the drawing were:1-4-7-8-28- ...
Nov 25, 2003, 4:33 am - Lottery News forum

Chairman of Oregon Lottery calls it a career at 94
E.D. Debbs Potts retires after almost 50 years of public serviceTwo decades after voters retired him, and three decades after most people retire themselves, E.D. Debbs Potts of Grants Pass said farewell Friday to his last state position as chairman of the Oregon Lottery Commission.Potts has been the commissions only chairman in the 19 years since voters created the Oregon Lottery and he lost his state Senate seat. During that period, the Lottery has had six directors.At 60 or 65, most of us are ...
Nov 24, 2003, 4:56 am - Lottery News forum

Oregon Lottery operating costs drop half-million dollars
A report released Thursday by Oregon Secretary of State Bill Bradbury shows a half-million reduction in operating costs for the Oregon Lottery following last year's devastating audit. The savings were over five months compared to the same period in 2002.Gov. Ted Kulongoski called the results as a significant step forward in our goal to reduce costs and restore accountability in state government. The 2002 audit found nearly $800,000 in questionable administrative expenses, including use of first ...
Sep 26, 2003, 3:15 am - Lottery News forum

Lottery glitch causes weekend problems
The software glitch that caused retail lottery terminals and video poker machines across Oregon to shut down over the past two days has largely been fixed, lottery officials said. Lottery Director Brenda Rocklin said the terminals had problems Friday morning, after officials started installing software for a new sports betting game. At one point, she said, the lottery had to shut down its 2,700 retail terminals and 9,500 video poker games and restart the entire system.Problems contined to roll a ...
Sep 2, 2003, 3:52 am - Lottery News forum

Father's tardiness nets son $20,000 lottery win
Mark Peters can partially scratch up his recent bout of luck to waiting for his father, Mick, to show up at a Bandon convenience store.While waiting for his dad at the Bandon Quick Mart last Friday, the 30-year-old bought a newspaper and an Oregon Lottery Scratch-it ticket, something he does a few times a month.Quickly rubbing off the metallic areas on the ticket, Peters discovered he hadn't won a penny.But Mick Peters still hadn't showed up at the store.Mark pulled out the $2 he had left in his ...
Aug 29, 2003, 4:26 am - Lottery News forum