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New lottery chief gets jackpot, too, if she hits the numbersNews Story
Industry-heralded lottery czar Rebecca Paul could be paid just over $750,000 if:Next year's Tennessee Lottery sells its first scratch-off tickets by Feb.17.Sells its first online tickets 60 days later.And clears $122 million for education by July 1.Those ambitious goals are built into a base- and incentive-pay package worked out with Paul over the weekend by the Tennessee Lottery Board to lure her away from a $500,000-a-year post as chief executive officer of the Georgia Lottery to the same posi
Sep 9, 2003, 3:44 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

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

$135 million Powerball jackpot goes to two familiesNews Story
Two families one from New Hampshire and the other from Massachusetts have won last week's $135 million Powerball jackpot. Only one of them went public at a news conference Friday.''I've gambled for 60 years and never won anything,'' said 80-year-old Lawrence Centola of Watertown, Mass. ''This is the first thing I won, so I couldn't believe it.''His daughter, Rosemary Centola, also of Watertown, who works in purchasing at a college, said she wasn't sure what to do with the money because ''it does
Sep 5, 2003, 3:31 pm - Lottery News

Ford plans dealer lottery for scarce GT supercar supplyNews Story
Most Americans must win a lottery to afford a $100,000-plus Ford GT. Next year, many Ford dealers must win a lottery to sell one.Ford Division intends to produce just 1,500 GTs per year, but it has about 3,800 dealers in the United States.Top-rated dealers, winners of the annual President's Award in 2004, will get one GT to sell, the company says. The rest of the GTs will be distributed among high-volume dealers and to winners of a lottery.Typically, about 10 percent, or 380, dealers win the Pr
Sep 5, 2003, 10:06 am - Lottery News

$135 Million Powerball Winners From New Hampshire, MassachusettsNews Story
The winners of last week's $135 million Powerball jackpot are from New Hampshire and Massachusetts and will go public this afternoon.The lottery says the winners are family members who live in the Conway, N.H., area and in the greater Boston area. They plan to hold a news conference at the New Hampshire Lottery offices in Concord.The winning ticket is the largest Powerball jackpot ever awarded in New Hampshire. It was sold at the State Line Store in Center Conway, along the Maine border. It's be
Sep 5, 2003, 8:32 am - Lottery News

Texas couple claims $49 million prizeNews Story
Bryon Woods pleaded with his wife Barbara to sell him another $5 worth of lottery tickets at the store where she worked. Good thing she agreed. The Eagle Lake couple on Wednesday claimed a winning Lotto Texas ticket worth $49 million. After tearfully accepting an initial check of $2.9 million, the couple will collect $1.95 million every year for the next 24 years.Bryon Woods said he chose the annuity instead of the lump sum cash payment option because I intend to live another 24 years. I want m
Sep 4, 2003, 3:34 am - Lottery News

Lottery deal may lead to lawsuitsNews Story
Tennessee's lottery board is pushing ahead with preparations for an unprecedented partnership with Georgia despite escalating criticism of the arrangement and no definitive answer as to whether it would be legal. That question is expected to be answered by Attorney General Paul G. Summers in a formal legal opinion before Friday, when the seven-member board of the Tennessee Education Lottery Corp. has scheduled a vote on acceptance of Georgia's offer.If given the legal green light, there is an ar
Sep 2, 2003, 4:04 am - Lottery News

Brock defends lottery oppositionNews Story
North Carolina State Sen. Andrew Brock, R-Davie, continues his strong opposition to a statewide lottery while pushing a proposal to move the start of the public school year to after Labor Day.The revenues saved in not having to air-condition schools in August and the extra tourism dollars generated in North Carolina during those same weeks would equal or exceed the proceeds from a lottery, Brock said.Brock said he doesn't trust any politician who says lottery proceeds will go to education. A lot
Aug 29, 2003, 11:23 am - Lottery News

Computerized lotto must wait awhileNews Story
Scratch-off would be only game for monthsTennesseans would be left to play a scratch-off lottery game for months before they get a chance to play computerized games such as lotto, under plans discussed by the Tennessee Education Lottery Corp. board yesterday.And your favorite spot to buy those lotto tickets might not get to sell them if the store doesn't sell enough scratch-offs while the computerized ticket-sales system is being installed statewide.The board discussed options but took no vote.
Aug 29, 2003, 11:13 am - Lottery News