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Pa. considers expanding lottery gambling to WebNews Story
The administration of Gov. Tom Corbett said Friday that expanding Pennsylvania Lottery gambling to keno and online games will be one of the best ways to produce more revenue from the $3.5 billion lottery system that funds programs for the elderly. The administration made the statement as part of an update on its talks with companies about privatizing the management of the $3.5 billion lottery system under a 20-year agreement. Asked about it Friday, Corbett would only say that the ideas are
Nov 12, 2012, 1:47 pm - Todd - Lottery News

Washington Gov. proposes privatizing state's lotteryNews Story
Washington Gov. Chris Gregoire on Thursday floated the idea of privatizing the state lottery system as a way to bring in more money for education. I want to be clear: I am not proposing that the lottery expand gambling, Gregoire said at a news conference. Private-sector operation of the lottery would be the lottery that we have today. She wants the Legislature to approve having the lottery solicit proposals from private vendors to run the operation. The idea would be to see if the pri
Dec 16, 2011, 8:49 am - Todd - Lottery News

International super lottery to create jackpots of $500 million or moreReply
I agree, Coin Toss. Given the huge amounts of money at stake, corruption in such a lottery would be rampant and unavoidable. Those currently charged with running state lotteries in America are now beginning to whine that it's too hard to make a profit, and that it would be easier and more profitable to privatize this significant stream of state revenue. If the top prize is $500 million, they'd need to generate two or three times that amount in ticket sales and, from what I read in the a
Sep 20, 2008, 2:15 pm - jim695 - Lottery News

Editorial criticizes N.J. Lottery privatization proposalNews Story
Privately run lottery faces long odds Home News Tribune Feb. 2, 2008 Give [New Jersey] state Senate President Richard J. Codey credit for trying. Responding to the governor's assurance that he is open to ideas for solving the state's long-term budget woes, Codey, D-Essex, floated the notion of leasing the state's lucrative lottery. The way Codey figures it, the lottery might be worth billions upfront, and it might even produce some ongoing cash for the state if it is able to negotiate
Feb 5, 2008, 1:27 am - Todd - Lottery News

California looks to British lottery modelNews Story
California is seeking to become the first US state to privatize its lottery to raise as much as $37 billion ( 18 billion, 26 billion), with some of the funds used to finance governor Arnold Schwarzeneg ger's sweeping health care reforms. Some of Wall Street's biggest investment banks have made unsolicited approaches to the state to convince it of the merits of privatization. Goldman Sachs, Lehman Bros, JP Morgan, Bear Stearns, Citi, Merrill Lynch, Morgan Stanley and UBS have all made pit
Oct 20, 2007, 8:44 pm - Todd - Lottery News

Calif. Lottery fails to meet Mega Millions deadlineNews Story
The Democrat-controlled California legislature, which has taken an adversarial role against the California Lottery for the past several years, has not met its obligation to change state law by a court-ordered deadline, aimed at ensuring participation in multi-state lotto is fair to education, lottery officials said Wednesday. The lottery bill making the needed change extension of California's prize-claim period to match 11 other Mega Millions states remained stalled on the eve of Friday's
Jul 12, 2007, 1:12 pm - Todd - Lottery News

A mega decision for California Lottery?News Story
The state lottery's 2005 entrance into multi-state Mega Millions lotto would become fully legal, and fair to gamblers and schools, under a bill approved Thursday by the Assembly. At the same time, the Assembly said it is hiring a think tank, Los Angeles-based Milken Institute, to assess Gov. Arnold Schwarzenegger's push to privatize the state-run lottery. The move came after the governor briefed Democratic legislative leaders on the plan, aimed at yielding immediate cash to ease the state bud
May 26, 2007, 9:40 am - Todd - Lottery News

Michigan latest state to consider selling its lotteryNews Story
'Bad idea' continues its rampage through the USA Michigan has become the latest in a growing list of states to consider selling off its state lottery in a scheme to fix the state's budget problems. The move was being discussed at the Capitol as lawmakers and administrators look for ways to deal with an $800 million budget shortfall this year, and possibly even larger hole in the year ahead. Democrat Gov. Jennifer Granholm is expected to announce plans for dealing with the state's struct
Jan 27, 2007, 9:34 am - Todd - Lottery News

New lottery agreement with private operator Northstar expected to save NJ up to $100MNews Story
New Jersey government officials have renegotiated a contract with the private operator of the New Jersey Lottery that is expected to save taxpayers up to $100 million over the next decade. The new agreement raises the performance targets for Northstar New Jersey, a gaming conglomerate which has struggled to meet its financial promises to the state while also reaping tens of millions of dollars each year in incentives and fees. It had promised to generate at least $1.4 billion for the state ov
May 14, 2019, 11:38 am - Todd - Lottery News

Illinois Lottery private manager still on job after firingNews Story
Finding a new lottery manager proves tricky for state government When Illinois lawmakers voted in 2009 to hire a private company to run the state's $2 billion-a-year lottery, they had high hopes of making more money that could be funneled into education and construction projects. Then the company missed sales goals, and two governors tried to fire Northstar Lottery Group. But Northstar remains on the job more than two years later, and the firm is now able to collect millions of dollars mor
Mar 28, 2017, 4:21 pm - Todd - Lottery News