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Alabama lottery talk renews in upcoming special sessionNews Story
Governor Bentley told lawmakers that for this special session they could consider any measures that would provide revenue to Alabama's general fund budget. However some, like state representative John Rogers, think there's not enough time for serious debate along the lines of casino gaming or a state lottery. It's something that we've got to have but, I don't think we have enough time to really make it a proper issue, said Rogers. Senator Paul Sanford of Huntsville confirmed Monday he
Sep 8, 2015, 7:16 am - Lottery News

Kentucky Lottery adds new rewards programNews Story
The Kentucky Lottery has launched the new Fun Club Rewards program, a multi-part initiative which rewards players with points for eligible non-winning scratch-off tickets purchased while making them automatically entered into drawings to win large cash prizes. The key to the program is the ability for players to accumulate points based on eligible non-winning scratch-off tickets purchased. The value of the points vary among tickets, said the Kentucky Lottery's Sr. VP of Marketing Steve Casebe
Jan 8, 2013, 7:48 am - Lottery News

$200 MILLION: Mega Millions lottery jackpot increasedNews Story
By Todd Northrop Players of the Mega Millions multi-state lottery have an even better reason to rush out and buy some tickets before tonight's drawing. The grand prize for tonight's Mega Millions drawing has been raised to $200 million from the previous estimate of $196 million, established after nobody won Friday's top prize. The lump-sum cash value of tonight's jackpot has also been raised to $127.3 Million. Officially raising a jackpot estimate before a drawing is rare, and only h
Dec 28, 2010, 1:27 pm - Lottery News

Arkansas Lottery announces 'points for prizes' rewards programNews Story
The Arkansas Scholarship Lottery is adding even more value to instant lottery tickets with a new program called Points for Prizes. In the new program, players earn points by going to the lottery's website and entering their non-winning instant tickets. These points can then be redeemed for exciting merchandise. The Play It Again second-chance drawing program began with the Lottery on September 28, 2009. Since then, more than 100,000 players have registered for an online player services acc
Jan 19, 2010, 1:06 am - Lottery News

Survey: 20% say lottery is most practical path to wealthNews Story
A majority of Americans are pessimistic about their ability to save $200,000 in net wealth in their lifetimes, and more than one-fifth say the lottery is the most practical way for them to reach that type of goal, according to a new survey.Just 26% of adults surveyed think they could accumulate $200,000 in net wealth in their lifetime, and 9% believe they could collect $1 million, according to the survey of about 1,000 Americans by Opinion Research Corporation for the Consumer Federation of Amer
Jan 10, 2006, 6:54 am - Lottery News

Uncle Sam Wins Your LotteryNews Story
Attention, lottery players: If you win a nice big prize, opt to take it as a stream of payments and then change your mind and wish you had taken it as a lump sum, don't expect any special tax benefits if you sell your annuity for immediate cash.Over and over in the past few years and especially since capital gains tax rates were lowered in 2001 lottery winners have sold their rights to future payments and tried to treat what they got in exchange as capital gains.Since capital gains are now t
Nov 28, 2005, 9:12 am - Lottery News

Opinion: Time has come for a lottery in North CarolinaNews Story
Charlotte Observer EditorialBy Jim Black, N.C. House SpeakerNorth Carolina must make the education of our children our number one priority and find the needed revenue to fund it. The future of our state and its people depend upon it.Unfortunately, the North Carolina legislature is facing a budget shortfall of more than $1.2 billion in the upcoming year. In order to continue improving education, legislators will either have to increase taxes or find new revenue sources to help fund education.Rais
Mar 28, 2005, 11:30 am - Lottery News

Maine governor defends lottery capitalization planNews Story
Maine Gov. John Baldacci pointed to several other states that have swapped future revenue streams for up-front cash Monday as he defended his plan to capitalize up to $40 million a year in lottery revenues for $250 million in the upcoming budget.The Democratic governor fended off criticism of his plan to sell a decade s worth of Maine lottery revenues to the Maine State Retirement System or other investor. It would help the state to increase public school subsidies while balancing a $5.7 billion
Jan 11, 2005, 7:43 am - Lottery News

Tennessee Senator pushes for bigger lottery scholarshipsNews Story
Whitney McKinney has at least a year before she has to decide where she'll go to college. But the McGavock High School junior said she's already looking closely at two private universities in Tennessee and one in Georgia.If Tennessee adds $1,000 to $2,000 a year to its HOPE Scholarship, however, choosing between the Volunteer State and the Peach State won't be nearly as tough.''I think that would make a very big difference,'' McKinney said. ''It's a lot when I think about college tuition. Raisin
Jan 10, 2005, 10:54 am - Lottery News

Divorced couple to split Florida Lotto jackpotNews Story
Before Robert G. Swofford Jr. could come forward and claim his $60 million Lotto prize, he had to take care of some unfinished business: his divorce.The 53-year-old Seminole County postal worker is expected to claim a $34.7 million lump-sum payout today in Tallahassee, ending weeks of mystery about who had the winning numbers - 7, 8, 28, 29, 31, 33 - in the Nov. 24 drawing.Swofford and his wife separated three years ago. But two weeks after the winning numbers were announced, Ann Swofford served
Jan 4, 2005, 8:22 am - Lottery News