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Michigan Lottery Adds New GamesNews Story
Bettors will have more ways to gamble in Michigan next month, and they'll be able to do it in bars and restaurants across the state.State officials hope the new games, which include Club Keno and pull-tab games, will draw more money into state coffers as the struggle to balance the budget continues.The Michigan Lottery saw ticket sales increase 4.5 percent to $1.68 billion in the budget year that ended in September 2002, according to its most recent annual report.Gov. Jennifer Granholm, who prop
Sep 15, 2003, 3:53 am - Lottery News

Florida Lawmaker: Large unclaimed lotto prizes should go to educationNews Story
Instead of using an unclaimed $50 million Lotto jackpot to try to get more people to gamble, the state should have been able to spend the money on schools, a state lawmaker said Friday.Rep. Charlie Justice said he plans to file a bill that would allow large unclaimed prizes -- like the $50 million that a ticket holder failed to claim this week before a 180-day deadline passed -- to be used for education.Right now, all unclaimed money returns to the Lottery, which has to use it for promotions. Th
Sep 12, 2003, 9:58 pm - Lottery News

Scientific Games to buy online lottery operatorNews Story
Scientific Games Corp., a maker of betting equipment and lottery systems, on Friday said it would acquire International Game Technology's on-line lottery operator for $143 million in cash.The agreement to buy IGT Online Entertainment Systems will give Scientific Games, based in New York, access to online lottery systems that produce lotto-type game tickets in seven states and the Caribbean.IGT Online, which also supports systems sold to customers in Korea, Norway, Switzerland and Shanghai, gener
Sep 12, 2003, 9:54 pm - Lottery News

Minn. Lottery cuts staff, advertising, promotions despite record salesNews Story
The Minnesota Lottery will lay off 34 employees, nearly one-fifth of its workforce of 191, next month to meet state-imposed budget cuts. But the state-run gambling operation still projects a near-record year for sales because of changes in its popular multimillion-dollar Powerball game.Most of the job cuts will come from the lottery's marketing staff, including 16 positions in field offices in Eagan, Brainerd, Detroit Lakes, Marshall, Owatonna and Virginia, assistant director Geno Fragnito said
Sep 12, 2003, 9:46 pm - Lottery News

GTech signs contract extension with Danish lotteryNews Story
GTech Corp. of West Greenwich, R.I., today announced that it has signed a two-year contract extension with Dansk Tipstjeneste A/S, the operator of the National Lottery in Denmark.GTech says the deal could be worth approximately $10 million.Under the terms of the contract extension, GTech will continue to provide Dansk Tipstjeneste with software support and terminal maintenance and repair through Aug. 31, 2005. GTech and Dansk Tipstjeneste have enjoyed a successful partnership over the past 14 ye
Sep 12, 2003, 3:44 am - Lottery News

Paul denies leaving Georgia lottery in quandaryNews Story
New Tennessee lottery chief says rising college costs are a problemRebecca Paul, Tennessee's new lottery chief executive officer yesterday denied leaving the same position in Georgia because of problems with the Peach State's lottery scholarship program.She also said the problem with the HOPE scholarship program in Georgia is escalating college costs, which are growing faster than lottery revenue even though that revenue has climbed 136% in the past 10 years from $1.1 billion a year to $2.6 bill
Sep 10, 2003, 4:03 am - Lottery News

State misses the jackpot with Mega MillionsNews Story
Mega Millions, Washington's foray into the world of multistate lottery gambling, has been a mega-disappointment. The state, one of 10 partners in the country's largest jackpot game, had about $51 million in sales during its first year of participation, which ended last week. That's less than half the $117 million originally projected.Proceeds for education and school construction, originally predicted to be $32 million, turned out to be $13 million.Lottery officials attribute the disappointing p
Sep 9, 2003, 4:01 am - Lottery News

Tenn. Lottery Could Include Satellite NetworkNews Story
A legislative sponsor of Tennessee's lottery law says the game could be a high-tech operation when retailers start selling tickets.State Rep. Chris Newton of Cleveland says retail outlets may be connected to the lottery's online games by traditional phone lines, but other technologies could be featured. He says the technology is there to do the satellite hookup.A mid-February or later starting date is projected since the Tennessee lottery board rejected a joint operating deal with Georgia.Tennes
Sep 8, 2003, 2:36 pm - Lottery News

Giant lottery operator GTECH wants to add Tennessee to its clienteleNews Story
Financial advisers have long said that lottery players would fare better investing their money in the stock market than hoping the pingpong balls pop up with their numbers.If you followed that advice and bought stock in the largest lottery operator in the country, GTECH Holdings, over the past decade, chances are the investment would have paid off better about 500% better.The West Greenwich, R.I., company's stock price has doubled in the past year, closing Friday at $42.77; GTECH's revenues have
Sep 8, 2003, 3:49 am - Lottery News

GTech has winning lottery ticket, checkered pastNews Story
A Rhode Island company that practically built the nation's state lottery business just added the Florida Lottery as the missing gem to its crown jewels.GTech Corp. last week became the successful bidder to run the Florida Lottery system. With Florida in hand, the company will run all five of the country's biggest state lottery systems - New York, Texas, Georgia, California and Florida. Altogether, GTech will operate 26 of the 36 state lottery systems, plus the Washington, D.C., system. We genera
Sep 8, 2003, 3:44 am - Lottery News