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Big Tenn. lottery winners to collect at 5 district offices statewideNews Story
The Tennessee lottery will open five district offices that will serve as prize claim centers, including three in East Tennessee.The offices, which also will house regional sales teams, will be in Memphis, Nashville, Chattanooga, Knoxville and the Tri-Cities in Upper East Tennessee, lottery Chief Executive Officer Rebecca Paul said at yesterday's board meeting.Winners of prizes of more than $600 will have to get the money from a district office. Paul said she picked the five locations so Tennesse
Sep 30, 2003, 3:59 am - Lottery News

Luck runs out for N.Y. lottery winnersNews Story
When members of the Lucky Lotto Lady Partnership won $23 million in 1994, they thought their money woes were over for good. But nearly a decade later, the group is battling a formidable foe over its winnings: the Internal Revenue Service. This time, the Lucky Lotto Lady Partnership is going to need more than luck -- it'll need a change in federal law in order to win.The dispute is over taxes. Not whether the group should pay them, but how much of its lottery winnings should go to the IRS. And Un
Sep 29, 2003, 3:37 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

Tenn. may pay Paul 6 times what Calif., Texas, Fla. pay lottery chiefsNews Story
Package: $350,000 salary and up to $402,500 in bonusesTennessee's new lottery director will make at least three times the salary and perhaps as much as six times more than the directors of many of the nation's largest state lotteries, a Tennessean survey of lotteries shows.Georgia lottery director Rebecca Paul, who was tapped during the weekend to head Tennessee's new lottery, will receive a base salary of $350,000. This compares with $134,000 in New York, $123,255 in California and $110,000 in
Sep 10, 2003, 4:07 am - Lottery News

What if group buys winning lottery ticket?News Story
Q: We are a financial club that invests in the stock market and also buys weekly lottery tickets. We all contribute and one member buys the tickets. It's wishful thinking, but what if the ticket wins $1 million? What are the payment basics and how can we protect ourselves against the ticket purchaser claiming the winnings for himself?-- Hopeful in Hialeah A: Let's first talk business law, and then we'll suggest some precautions to assure proper division of payment.A lottery ticket is a unilater
Sep 8, 2003, 3:57 am - 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

Georgia's Lottery Director to QuitNews Story
Rebecca Paul, who started Georgia's lottery and has been its only director for 10 years, is jumping ship to run the startup lottery for neighboring Tennessee. She has informed the governor, Dan McLagan, a spokesman for Georgia Gov. Sonny Perdue, said. Mrs. Paul has indicated she is looking for a new challenge. We certainly wish her well. Earlier Sunday, two sources told The Associated Press Paul was negotiating with Tennessee officials to head their new lottery and that she was expected to tak
Sep 8, 2003, 3:38 am - Lottery News

N.J. Lottery revenue tops $2 billion for second straight yearNews Story
New Jersey Lottery sales topped the $2 billion mark for the second consecutive year even though sales of tickets for both the Pick 6 Lotto and Lotzee games dropped significantly. The lottery, which is New Jersey's fourth-largest revenue producer, brought in $764 million to state coffers in the fiscal year that ended in June. That was an increase of $10 million over the previous year. The biggest sales gains last year were registered for the state's instant games, which increased by 16.5 percent
Sep 4, 2003, 3:32 am - Lottery News

Schwarzenegger spars with Davis on gamingNews Story
Two days before Labor Day -- the traditional kickoff of campaign season -- the gloves started to come off in California's untraditional recall election as actor Arnold Schwarzenegger accused Gov. Gray Davis of pandering to Indian gaming interests.Without detailing his own positions on some Indian gaming issues, Schwarzenegger issued a statement Saturday criticizing Davis for inviting gaming tribes to recommend potential candidates for two openings on the panel that is supposed to help regulate t
Aug 31, 2003, 5:51 pm - Lottery News