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Wyoming Lottery earns high marks in audit of first year
Independent auditors found no major financial issues with how the Wyoming Lottery operated during its first year of ticket sales. The board of directors of the Wyoming Lottery Corp. received results of the audit by Cheyenne-based McGee, Hearne Paiz during a meeting Monday. Board chairman Mark Macy said the lottery seemed to be right on track or at least not significantly off on how our operations were conducted. The audit noted a couple of minor accounting issues that lottery CEO Jon C ...
Nov 4, 2015, 9:05 am - Lottery News forum

China reveals misuse of $2.7 billion in lottery funds
China has uncovered widespread misappropriation of 16.9 billion yuan (US$2.72 billion) of funds from its state lottery program, underscoring the extent of official corruption as the country tries to root out graft. Funds were misappropriated through the buying and building of office buildings and hotels or embezzled, the National Audit Office said in a report on its website. The state auditor said the irregularities accounted for a quarter of the total of lottery funds received in its 2012 ...
Jun 25, 2015, 8:12 am - Lottery News forum

State lotteries head to Washington to enforce states' rights on gambling
Restoration of America's Wire Act legislation would restrict your rights to spend your money as you please State Lottery officials from across the United States held meetings with members of Congress today in Washington, D.C., to add their voices to those of state lawmakers advocating for the federal government to continue to support states' authority to establish their own gambling policies. The lottery officials expressed their concerns about proposed federal legislation designed to res ...
Mar 25, 2015, 10:57 am - Lottery News forum

China's beloved national lottery suspected of massive fraud
China loves its national lottery, but now some very suspicious goings-on with the game has ignited a scandal that's capturing the country's attention. As in most other places, the drawing for China's lottery the only form of gambling the government allows outside of Macau is televised nationally, conducted by the China Welfare Lottery Issuing and Management Center, an agency of the government. But something appears to have gone wrong Sunday night, when the drawing for a 50-billion-yuan ($8 ...
Jan 27, 2015, 10:03 am - Lottery News forum

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