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How are annuities created and paid?Reply
From the Texas Lottery website: It's important to understand what happens when a Lotto Texas jackpot is won. If the jackpot winner has chosen 30 Annual Payments, Texas Lottery officials provide the Texas Treasury Operations Division of the State Comptroller's Office with the jackpot amount. The Division submits a request for bids from previously approved investment firms. The contract is awarded to the investment firm that will provide the jackpot amount, paid over 30 years, at the lowest cos
Feb 19, 2016, 7:20 pm - Murgatroyd - Lottery Discussion Forum

Do any systems actually work?Reply
All the full, key, and abbreviated wheels on LP have a win guarantee, but wheels are usually complicated and not for the just give me a QP players. If you think 5 of your 15 numbers will be drawn and they are, you are guaranteed to win a 5/39 jackpot or $1 million in PB or MM by playing a full 3003 combo wheel. Lotteries, like all gambling operations, are businesses not gift shops. We all know the odds against 5 of 15 numbers being drawn from fields of 39, 59, and 75, but players gamble
May 7, 2014, 10:37 pm - Stack47 - Lottery Discussion Forum

does the lottery commision know where the jackpot insatant tickets goReply
I think you're referring to William C. Foreman, lottery security cough, cough employee who tipped off his lackeys to go buy out the tickets from a store to snag the jackpot winning ticket. https://www.lotterypost.com/news/99979 Yeah, someone always knows where the scratch prizes are. Not necessarily the commission, they are not usually involved with operations. And lottery operations doesn't have it, they rely on the vendor's computers. So you hope there is sufficient separation between th
Apr 29, 2014, 7:05 pm - Jon D - Lottery Discussion Forum

Florida Woman's lotto legacy lives on after 25 years>>Reply
Many people would be surprised to know that a lot of non-profit CEOs are paid over $300,000...even near $1 million in some charities. They would also be surprised to learn that many charity directors in Haiti are having their organization pay $3k to $4k per month housing allowance so they can live In nice accommodations. For comparison, the top US military Admirals and Generals are paid less than our Congressmen and women, yet they direct effective and timely operations. And they live in spa
Sep 13, 2013, 9:29 am - OldSchoolPa - Lottery Discussion Forum

N.C. lottery store owners, employees winning big and oftenReply
I hope the sting operations are forthcoming. I won't hold my breath because it will probably not happen. Tom Sheehan don't want to spend the money to do it. Of course he would say anything can happen. It cost money for these stings. Dishonest clerks are the main reason I don't buy scratch off tickets, always sign all my winners and never depend on anyone to check for me what hit. At least this is a start, sometimes things have to be brought forth over and over before something will be don
May 2, 2009, 6:24 am - Tenaj - Lottery News

Is any State Run Lottery Honest?Reply
True, the lottery is a buisness, but honest no it is not. In Texas it took 14 years to finally get a survey done to see who is spending the most money on lottery tickets. The poor and black people of Texas. Who gets the most return on money spent is not this group. They lied for years that the more affluent people won because they spent more money. The secrets of the gaming industry and state lottery operations is very corrupt. The true knowledge of this industry is hidden with trade secre
Jan 30, 2006, 9:54 pm - richwood - Lottery Discussion Forum

High gas prices may be cutting into lottery salesNews Story
The evidence is far from conclusive, but some people in the business think high gasoline prices have cut into lottery sales in New Hampshire.Rick Wisler, executive director of the state Lottery Commission, is among them, at least with respect to instant tickets. He reasons that with prices so high, many drivers are using credit or debit cards to pay for gasoline. That means they don't have cash in hand, which depresses impulse purchases such as instant lottery tickets. We believe, although there
Sep 21, 2005, 4:23 pm - Todd - Lottery News

Gtech lottery, gaming units may be split in saleNews Story
If Gtech Holdings Inc. is sold, as recent reports suggest, it may be marketed in pieces to buyers interested in its global lottery operations and gaming equipment business, analysts told Bloomberg News.The Wall Street Journal published a report Tuesday indicating Gtech received an unsolicited expression of interest from Goldman Sachs Group Inc.'s private equity unit. Gtech, the world's biggest seller of computerized lottery systems, told Bloomberg News Monday it was considering an unsolicited
Sep 14, 2005, 7:21 am - Todd - Lottery News

Oklahoma lottery commission urged to keep movingNews Story
After hearing his new bosses debate the definition of rules to govern the newest state agency, Oklahoma's lottery director issued them a gentle reminder.If the Oklahoma Lottery Commission hopes to make a self-imposed October deadline for its first ticket sales, we've got to move, Executive Director Jim Scroggins said.It was Scroggins' first meeting since beginning his new job Monday.At previous meetings, the lottery's volunteer commissioners have held lengthy discussions on how to hire outside
Jun 9, 2005, 2:15 pm - Todd - Lottery News

Oklahoma Lottery hires sales director from AtlantaNews Story
The Oklahoma Lottery Commission hired three administrators Wednesday, one of them from Atlanta, to help new executive director James R. Scroggins get the state's education lottery up and running by October.Each of the new administrators personally was recruited for their jobs by Scroggins and will be paid $110,000 a year, he said. Each of them has a wealth of experience in the area they're going to work in, Scroggins said.Named director of administration was Rollo Redburn, a 29-year employee of
Jun 9, 2005, 11:08 am - Todd - Lottery News