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Mississippi lottery board adopts rules on ethics and records

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The governing board for the upcoming Mississippi Lottery is setting rules for ethics and public records. 

It is also taking steps to hire bankers to provide financial services and a person to run day-to-day operations.

Mississippi is one of the last states to create a lottery after legislators voted to do so in August, partly as a way to provide money to pay for roads and bridges.

Republican Gov. Phil Bryant nominated the five lottery corporation board members several months ago, and they were recently confirmed by state senators. Tickets for the game of chance could go on sale later this year.

Lottery corporation board members met Monday at the Balch & Bingham law office in Jackson and adopted rules that say many of the corporation's records will be available to the public. Exceptions include documents that would reveal trade secrets, lottery security or information from a confidential source about vendors or the qualifications or conduct of retailers that sell lottery tickets.

Board members also adopted an ethics policy that bans lottery directors or employees from having a financial interest in any vendor that does business with the lottery. The policy also says any employee, officer or director who leaves the lottery corporation must wait at least a year before representing any vendor or lottery retailer in front of the corporation or before accepting any employment with or compensation from any lottery vendor.

"Most of this is common sense," Lucien Smith, a Balch & Bingham attorney, told the board.

Also Monday, board members heard proposals from representatives of BancorpSouth and Hancock Whitney Bank. The board members said they will decide in the next few weeks on which bank will be awarded a financial services contract.

"These are both high-quality institutions, as far as I know," board member Gerard Gibert said.

The decision could be made at about same time that the board hires a president for the lottery corporation.

Mississippi Business Journal

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3 comments. Last comment 2 months ago by Stack47.
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music*'s avatar - Trek HAND1.gif
Fresno, California
United States
Member #157851
August 2, 2014
3435 Posts
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Posted: April 16, 2019, 4:11 pm - IP Logged

Mississippi was just hammered by tornadoes yesterday. The Lottery could be a ray of sunshine for the citizens to look forward to. Some fantasy to escape reality for a bit of time. God Bless!

  " Live Long and Prosper" Spock on Star Trek. A Vulcan.

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    Simpsonville
    United States
    Member #163184
    January 22, 2015
    1869 Posts
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    Posted: April 17, 2019, 11:18 am - IP Logged

    Seems like they are doing a great job and trying to mitigate any problems, especially with soon to be former employees.

     

    BTW Tunica just lost another Casino there closing on 30 JUN 19.  The taxes revenues have dropped significantly with another previous Casino closing.  Maybe the lottery can help out...time will tell.

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      Kentucky
      United States
      Member #32651
      February 14, 2006
      8461 Posts
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      Posted: April 17, 2019, 10:13 pm - IP Logged

      Tunica County was hurt when Arkansas legalized casino gambling and lost lots of players from Memphis going to Southland Gaming & Racing right across the Mississippi River in West Memphis.

      One of the Mississippi Lottery's biggest concern is whether or not the DOJ wire act interpretation might prohibit interstate PB and MM sales and other games played by multiple states. Without those games, that lottery might be DOA before it starts.