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N.Y. Lottery looks to increase prizes through investment strategiesNews Story
The New York Lottery is proposing a gamble where the odds aren't always in its favor moving its $1.3 billion prize fund into investments such as stocks, corporate bonds, real estate and hedge funds and out of the safety of U.S. Treasuries. If the agency were to double its annual return to 8 percent as it projects, the prize would be $37 million more for state coffers as New York grapples with a record $13 billion budget deficit next year. Losses might reduce proceeds that fund education, said
Nov 17, 2009, 7:26 am - Todd - Lottery News

Arkansas man among the first to win $100,000 lottery prizeNews Story
Includes video report For Joe Pierce and his wife, Amanda, the last few days have been momentous. On Wednesday, she gave birth to their second child, a daughter, Kinley Jo. On Sunday, he paid $5 for an Arkansas lottery ticket and won $100,000, the biggest prize anybody has won so far in the two-week-old lottery. That's also the biggest prize available in the lottery's current games. Today, Joe plans to drive to the lottery's claims center in Little Rock to pick up his check, whic
Oct 13, 2009, 11:12 am - Todd - Lottery News

Arkansas Lottery Commission hits panic button on salariesNews Story
High salaries doled out for top positions in Arkansas' state-run lottery program could sour legislators' relationship with the commission they created to oversee the games, Gov. Mike Beebe said Thursday. The governor welcomed the Arkansas Lottery Commission's decision a day earlier to review salary offers of more than $80,000 made to future lottery hires. But the governor said he thought lawmakers were surprised that at least a half-dozen of the first employees hired to run the lottery got si
Jul 17, 2009, 10:05 am - Todd - Lottery News

Pick 3/4 Business PartnerReply
Your last sentence is also my problem... 'tho in the end, that is the only way, and i mean the only way that i know of to make a profit with each hit. My last hit is already from the beginning of May, i only play pick3. And sometimes i think darn, where is the next hit? Why does it take so long? And some way or the other i play random numbers for a few days (not really random, but that is my thing i will not talk about in the open here), and i blow some serious $$$, they go down the
Jun 1, 2009, 7:36 am - paurths - Lottery Discussion Forum

Proposition 1C changes how California Lottery funds are usedNews Story
Like the lottery games it promises to change, Proposition 1C looks to be a bit of a gamble. The measure could deliver $5 billion to help close the state's staggering $42 billion budget gap. At the same time, it would ease long-standing rules that some believe have held back the 25-year-old state lottery. Within a few years, however, Proposition 1C may only make the state's financial problems worse, the nonpartisan Legislative Analyst's Office has warned. The proposition, one of six budg
Apr 28, 2009, 8:20 am - Todd - Lottery News

Mass. Lottery proposes changes to Megabucks gameNews Story
Game will get new name, longer odds, bigger jackpots For devotees of Megabucks, the odds of winning may soon be getting longer under a proposal to update the 27-year-old jackpot game. Though it will be harder to win the twice-weekly drawing, with odds falling from approximately 1 in 5 million to 1 in 13 million, there's an upside, says a lottery official. The game will be getting richer, meaning bigger jackpots. A lot of the things that are going to change will be more user-friendly, s
Mar 30, 2009, 8:48 am - Todd - Lottery News

Florida Lottery joins PowerballNews Story
January start date; drawings will move to Florida Florida Lottery officials on Wednesday said they will add the national Powerball game to the state's portfolio in January and become the new host for the game's semiweekly drawings. Florida was the only state with a lottery to not offer a multi-state game. Powerball the multi-state lottery game known for its mega-jackpots that can top $300 million is bouncing into Florida lottery retailers in January. Florida becomes the 30th state t
Jul 3, 2008, 11:32 am - Todd - Lottery News

Privatization of Texas lottery may get 2nd look in 2009News Story
Texans could buy lottery tickets at the checkout lines in supermarkets and big-box department stores, at coffee shops and cabarets. They could pay with credit cards or personal checks and play online or the old-fashioned way with a ticket that's also a tiny ad for anything from soft drinks to sporting events. Those are just some of the proposals offered to state officials by some of the nation's largest financial firms that have an interest in remaking the 16-year-old government-run Texas Lot
Apr 8, 2008, 10:42 am - Todd - Lottery News

Kansas Lottery surpasses $1 billion mark in profits for the stateNews Story
The Kansas Lottery has banked its first $1 billion while also marking its 20th anniversary. At ceremonies Friday in Topeka, director Ed Van Petten said sales revenue transferred to the state treasury on Thursday pushed the game's all-time profits over the $1 billion mark. We are thrilled to tell you that the lottery has reached another milestone, he said. The second billion won't take nearly as long after Kansas' state-owned numbers game morphs into state-owned casino operator under a
Nov 12, 2007, 8:19 am - Todd - Lottery News

Mass. Gov. promises to protect lottery revenueNews Story
Seeking to nullify a major complaint about expanded gaming, Massachusetts Governor Deval L. Patrick is pledging to protect state Lottery revenues from being ravaged by casinos. As part of his proposal to establish three casino resorts, including one in Western Massachusetts, Patrick said he will hold harmless the state Lottery, a major source of state aid to cities and towns. The governor said he would cover any loss in lottery revenues with money from a proposed annual 27 percent tax
Sep 26, 2007, 10:52 am - Todd - Lottery News