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Audit sought for Colorado lottery-fund useNews Story
The director of a state agency that doles out $40 million a year in Colorado Lottery funds has asked for an audit on how the money has been spent.In addition, Mike Beasely, the director of the Department of Local Affairs, has asked a legislative committee to look again at the issue of whether the state should have more oversight over the Conservation Trust Fund.The department distributes lottery proceeds from the fund to local governments and recreation districts, which then determine who gets t
Oct 10, 2003, 9:50 am - Lottery News

Oregon Lottery operating costs drop half-million dollarsNews Story
A report released Thursday by Oregon Secretary of State Bill Bradbury shows a half-million reduction in operating costs for the Oregon Lottery following last year's devastating audit. The savings were over five months compared to the same period in 2002.Gov. Ted Kulongoski called the results as a significant step forward in our goal to reduce costs and restore accountability in state government. The 2002 audit found nearly $800,000 in questionable administrative expenses, including use of first
Sep 26, 2003, 3:15 am - Lottery News

Tenn. lawmaker balks at high lottery pay for vice presidentsNews Story
A state legislative leader said he hoped that Tennessee's lottery would pay its top officials less than top executives at the Georgia lottery were paid when Rebecca Paul was director there.Paul, the new Tennessee lottery director who officially came from Georgia this week, had a dozen lottery vice presidents working for her in Georgia five of them earning $151,000-$180,000 a year, including bonuses.''That seems to be on the high side,'' said state Sen. Ron Ramsey of Blountville, Senate Republ
Sep 26, 2003, 3:12 am - Lottery News

Mass. Lottery limits track's winning ticket payoutsNews Story
The Massachusetts lottery will no longer allow the Raynham Park dog track to cash big ticket prizes after a state audit raised concerns that some people use the service to avoid paying taxes.Raynham Park is the only one of 7,300 sales agents that can cash ticket prizes of more than $600. Under the contract, it can cash ticket prizes up to $25,000.But the lottery notified track officials on Tuesday that they will have to comply with the $600 limit, effective in three weeks.Last year, 12 people ma
Sep 24, 2003, 3:40 am - Lottery News

Treasurer eyes tax-evading Lottery winnersNews Story
Massachusetts State Treasurer Tim Cahill plans to tighten Lottery regulations following an audit report issued Wednesday that shows winners often employ suspicious ticket cashing methods to avoid paying millions of dollars in taxes.''As a result, millions of dollars in taxes were evaded, lost and not reported that could have been used for much-needed state and municipal programs,'' state Auditor Joseph DeNucci said in his report.DeNucci conducted the ''transition audit'' at the request of Cahill
Sep 11, 2003, 4:27 am - Lottery News