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Lottery bill would let N.C. counties decide to joinNews Story
The North Carolina Legislature's newest lottery bill would give counties the option to participate in a state-run numbers game in which they would receive a portion of the proceeds for school construction.The measure filed by Rep. Bill Owens, D-Pasquotank, would allow county commissioners the authority to call an election on whether to operate the lottery in that county. A state-run lottery could be started once voters in 25 counties agree to participate in one.One-quarter of all revenues genera
May 11, 2004, 7:27 am - Lottery News

Tennessee retailers reluctant to pay lottery prizes in cashNews Story
Rebecca Paul, CEO of the Tennessee Education Lottery Corp., said she is concerned because retailers do not want to pay out lottery prizes in cash.Retailers do not have to pay cash for prizes over $20, Lottery spokesperson Kym Gerlock said. The Lottery Corp. encourages them to pay prizes in cash but they can also pay by check or money order.Paul is concerned paying by check or money order will discourage participation in the lottery. The statute gave our retailers 6.5 percent base [pay] with no c
Apr 29, 2004, 7:30 am - Lottery News

Law firm cuts lottery bill by 15% after scrutinyNews Story
A Nashville law firm has agreed to reduce its $892,000 bill for legal services to the Tennessee lottery by 15 percent, or more than $100,000 legislators said Monday.Sen. Jerry Cooper, D-Morrison, co-chairman of the Fiscal Review Committee, said the reduction came after negotiations between the state attorney general's office, legislators and the law firm of Waller Landsen Dortch Davis, which teams with other law firms under a contract with the Tennessee Education Lottery Corp.Legislators had b
Apr 20, 2004, 7:16 am - Lottery News

IRS ruling on Lotto foughtNews Story
Greece woman wants sale of rights to be taxed as capital gain.New York Lottery winner Shirley B. Prebola of Greece could end up a $1.3 million loser if the Internal Revenue Service has its way.Prebola, also known as Shirley D. Begy, filed a petition asking the U.S. Tax Court here to overturn the IRS ruling that her 2000 sale of the remaining rights to her annual lottery payments was taxable as ordinary income instead of a long-term capital gain.Prebola won $17.5 million playing Lotto on May 31,
Apr 16, 2004, 9:42 am - Lottery News

UK National Lottery freebies mark anniversaryNews Story
Free tickets for the cinema and tourist attractions being given away by Camelot to celebrate the UK National Lottery's tenth anniversary.The National Lottery has raised more than 15 billion for 160,000 projects since the first draw on November 6 1994.Lottery minister Estelle Morris said: It is thanks to the British public that over the past ten years the National Lottery has raised so much money for good causes. This money has made a tremendous impact on the lives of so many people. It is righ
Mar 30, 2004, 4:36 am - Lottery News

Alleged high-tech roulette scam "easy to set up"News Story
An alleged high-tech roulette scam that saw three people walk out of a London casino with 1.3 million recently sounds too implausible even for a movie plot.But a physicist who developed a technology-based system that famously beat the wheel in the 1970s has told New Scientist that in theory it would have been fairly easy to carry out with a little know-how and the right tools.Two men and a woman were arrested on 16 March after raking in a huge win over two evenings. Suspicious casino staff are
Mar 25, 2004, 5:20 am - Lottery News

Colorado lottery bill would tighten ethics rulesNews Story
One of the Colorado state Senate's most powerful members unveiled legislation designed to prdvent conflicts of interest at the Colorado Lottery.The legislation was created in concert with an ethics overhaul already underway at the Lottery and as the Arapahoe County district attorney is deciding whether to file criminal charges based on a recently concluded probe of the Lottery by the Colorado Bureau of Investigation.The legislation, in part, would bar Lottery officials from taking jobs with agen
Mar 23, 2004, 4:24 am - Lottery News

Virginia Schools Got $12 Million from Mega Millions Jackpot RunupNews Story
The ticket worth $239 million in last month's Mega Millions lottery wasn't the only winner, as public schools got more than $11.5 million.Virginia lottery retailers sold more than 26 million tickets. State law requires all profits go to public schools. When the excitement builds for a Mega Millions jackpot, Virginia's public schools benefit, said executive director Penelope W. Kyle.Lottery officials say last year, schools received more than $375 million.Meanwhile, the winner of the jackpot has
Mar 12, 2004, 7:41 am - Lottery News

Record Mega Millions jackpot still unclaimedNews Story
It's been 12 days since the single winning ticket for the $239 million Mega Millions lottery was announced, but no one has claimed the jackpot.Officials of the 11-state Mega Millions lottery say the winning ticket was sold Feb. 20 at the Red Apple convenience store in Stephens City, Va., the Washington Post reported Wednesday.Penelope Kyle, executive director of the Virginia Lottery, said two mysterious lawyers called her office to say they represented the winner but they both have vanished.Ot
Mar 4, 2004, 4:30 am - Lottery News

Anonymous Winner Claims $85.5 Million Powerball Lottery JackpotNews Story
The winner of the Feb. 4 $85.5 million Powerball jackpot has claimed the prize under the anonymity of a trust, the New Hampshire Lottery said Tuesday.The Bow Trust of Portland, Maine, chose the cash option of $46.5 million before taxes. Trustee Thomas J. Van Meer, partner in the Portland law firm of Van Meer and Belanger claimed the money. While we do enjoy the ability to meet our winners and help them announce their good fortune, we can respect the winners' desire to remain anonymous, the lott
Feb 25, 2004, 4:38 am - Lottery News