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Ontario mulling lottery taxNews Story
Ontario's finance minister is opposed to a scheme to tax lottery and gambling winnings. Don't bet the family farm on a lottery tax, said Greg Sorbara. This is not something that is getting very much consideration wherever. Frankly, I wasn't very impressed with the results that we might gain from it. Gambling in Ontario nets the province $2 billion annually. All the winnings are tax-free, unlike in the United States, where some states tax gambling proceeds at rates of up to 18 per cent.The Ontar
Apr 29, 2004, 7:35 am - Lottery News

Scientific Games Reports First Quarter 2004 ResultsNews Story
Revenues Increased 51%; Net Income Increased 80% to $20 million; Earnings per Diluted Share were $0.22Scientific Games Corporation today announced results for the first quarter ended March 31, 2004. Revenues for the first quarter of 2004 increased 51% to $185.5 million compared to $123.2 million for the first quarter of 2003. Income before the preferred stock dividend was $20.4 million, an increase of 80% over 2003 first quarter income of $11.3 million, and diluted earnings per share increased 6
Apr 22, 2004, 5:17 pm - Lottery News

Man Dies In Crash Weeks After Winning LotteryNews Story
A northwestern Indiana man who won $9.7 million in a January lottery drawing died when his car struck a utility pole in a rainstorm, police said.James K. Craig Jr., 43, is the second Indiana man to die this year shortly after winning the lottery. He was pronounced dead about 4:30 a.m. Saturday shortly after the crash on U.S. 231 about 15 miles south of Gary near the town of Winfield.Lake County police spokesman Michael Higgins said Craig lost control of his 2003 Saturn in rainy conditions, causi
Apr 19, 2004, 6:11 am - Lottery News

GTech Profit Up as Lottery Sales RiseNews Story
GTech Holdings Corp., a leading lottery systems operator, on Thursday said quarterly earnings rose 14 percent, on acquisitions and higher lottery ticket sales driven by big jackpots.The fiscal fourth-quarter earnings topped Wall Street estimates, but GTech stock fell slightly. It was a good quarter, but not a phenomenal one, Farmhouse Equity Research analyst J.P. Mark said. People expected them to beat estimates. For the fiscal fourth quarter ended Feb. 28, the West Greenwich, Rhode Island, co
Apr 16, 2004, 9:33 am - Lottery News

California Lottery CEO ResignsNews Story
California Lottery chief executive officer and director Anthony Molica has resigned after only seven months, a lottery representative confirmed.Molica joined the California Lottery Sept. 2, 2003, after serving as executive director for the Washington Lottery. His last day is today. He has chosen to resign and join his family back in Washington state, said lottery representative Rosa Escutia.Gov. Arnold Schwarzenegger will appoint Molica's replacement.Molica's resignation will not impact the lot
Apr 9, 2004, 4:37 am - Lottery News

War Dampens Indiana's Hope of International LotteryNews Story
Indiana's hopes of joining an international lottery -- boasting prizes as big as $500 million -- have become a casualty of war.Indiana was one of about 30 states and several foreign nations jockeying to organize the international game, which was expected to begin this year with one drawing each week.But talks of the game have stalled because several European nations have withdrawn, citing concerns about U.S. involvement in the Iraq war, Hoosier Lottery Director Jack Ross said. They felt they cou
Apr 6, 2004, 4:00 am - Lottery News

UK National Lottery plans iTV and mobile servicesNews Story
UK National Lottery operator Camelot revealed today that it plans to launch the lottery on interactive TV this spring, followed by a mobile service later in the year. The news comes at the same time as the group announced its first ever Lotto Online Jackpot winner, which it said is believed to be the UK's biggest online gaming win to date.The lucky winner scooped the 5.9m jackpot for the Lotto draw on Saturday 20 March after buying a ticket online.Richard Hurd-Wood, Camelot's Diector of Interac
Mar 30, 2004, 4:58 am - Lottery News

Iowa woman pleads innocent in Powerball lottery theftNews Story
A Fonda, Iowa, woman has pleaded innocent to theft for allegedly claiming a $100,000 lottery prize after several people had pooled money to buy tickets.Mary Farrell, 54, is charged in Buena Vista County District Court with one count of first-degree theft. She entered her plea Monday.Farrell had presented a Powerball ticket matching five numbers from the Dec. 31 to claim a $100,000 prize. A group of Albert City, Iowa, residents contacted the Buena Vista Sheriff's Office in January, asking the she
Mar 30, 2004, 4:27 am - Lottery News

GTECH is in play in BrazilNews Story
Analysts don't think a political scandal will hurt the company's chances of continuing to run the country's lotteryA top Brazilian government official allegedly told two GTECH Holdings Corp. employees in 2003 that they could have a lottery contract extension.All they needed to do, said Waldomiro Diniz, the former deputy head of parliamentary affairs, was hire a consultant for between $4 million and about $6 million, according to Brazilian newspaper reports based on the employees' testimony.A lot
Mar 26, 2004, 9:15 am - Lottery News

North Dakota's first-day lottery sales set per-capita recordNews Story
North Dakota's lottery debut was one for the record books.Powerball lottery tickets went on sale at 390 sites around the state late Thursday morning. By 6:05 p.m., $119,453 worth of tickets had been sold - a Powerball record for per-capita spending on the game, Attorney General Wayne Stenehjem said.Vermont had $116,213 in one day's sales in July 2003, or 18.77 cents per person. North Dakota's 6:05 p.m. total represented 18.84 cents spent per person on the lottery, Stenehjem said.Rep. Andy Marago
Mar 26, 2004, 8:52 am - Lottery News