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UK online lottery company fizzlesNews Story
Editor: Lottery Post previously reported that the creators of this 'alternative' UK lottery had allegedly enriched themselves more than the charities the lottery is supposed to support. Are the owners squeezing out the profits and then leaving the company and its stockholders in the lurch? It started out as a small but brazen challenger to the national lottery, hoping to capitalize on a stream of damaging stories that have caricatured many of the good causes benefiting from lottery cash a
Jun 6, 2006, 9:18 am - Lottery News

Illinois Gov. wants to privatize state lotteryNews Story
Controversial plan is designed to capture funds for education up-front, but is it worth the gamble? Democratic Illinois Governor Rod Blagojevich today will unveil an election-year school funding plan that calls for leasing the state lottery for the next decade to a private firm in return for $10 billion in upfront cash. Schools would get at least $1 billion a year for the next four years from such a deal, with the remaining $6 billion going into an education trust fund governed by a board
May 23, 2006, 2:38 pm - Lottery News

Lessons Learned: Lottery winners should never eat their seed cornNews Story
You surely have fantasized about what you'd do after winning one of the big lotteries. First, of course, on your buy list would be a hot, red convertible. Then, when spring arrives, you and a significant other could drive the convertible to Winter Park in the Denver area, to shop for a log second home in the $400,000 price range. With that mission accomplished, you might return to Nebraska and pay off the mortgage of every family member. Finally, you'd schedule a friends-and-family Cari
Mar 13, 2006, 7:57 am - Lottery News

What would the experts do with a lottery jackpot?News Story
Investment Hanging on to all those millions can be as tough as winning in the first place If you won the lottery, as eight Nebraska meatpackers did last month, splitting a $365 million jackpot, what investment would be at the top of your wish list? Without a plan, the reality is that 70 percent of all lottery winners will squander away their winnings in a few years, said Peter Toll, president of Family Heritage First in West Linn and past president of Oregon's Financial Planning Ass
Mar 9, 2006, 6:56 am - Lottery News

N.C. Lottery staff used common clip art to create logoNews Story
With a bit of drama Tuesday, lottery chief Tom Shaheen whipped away a towel and revealed a new logo for the state's $1 billion-a-year lottery. A roomful of people at the lottery commission meeting stared, for the most part, in puzzled silence. They studied the boxy blue and green figure, billed as the symbol of the state's games. It would be on posters. Billboards. Tickets. Finally, Jim Woodward, a lottery commissioner and former chancellor at UNC-Charlotte, wondered about its dominant
Feb 15, 2006, 8:09 am - Lottery News

N.C. Lottery Commission Awards Vendor ContractsNews Story
The North Carolina Education Lottery Commission awarded contracts for both instant-win tickets and lotto-style games to GTECH Holdings Corp. on Monday. The deals were estimated to be worth $19.2 million in the first year alone.Tom Shaheen, executive director of the lottery, said the selection process was fair, comprehensive, had the greatest integrity and achieved the best result. He said he felt good about the selection, adding: I think we have a really strong company. GTECH, which is headqua
Jan 31, 2006, 6:50 am - Lottery News

After sale, GTECH to remain in R.I.News Story
Making it the latest Rhode Island company to be bought by a European firm, GTECH Holdings Corp. announced last week that it has entered into an agreement to be acquired by Lottomatica SpA, a Rome-based company that operates Italy's Lotto.The $4.8-billion deal will merge the West Greenwich-based company with the operator of one of the world's largest lotteries. Once combined, the two companies would have approximately 6,300 employees with operations in more than 50 countries.Under the agreement,
Jan 16, 2006, 8:03 am - Lottery News

Italian lottery operator to buy GTECHNews Story
Italian lottery operator Lottomatica will gobble up GTech Holdings for $35 a share cash, or about $4.8 billion including assumption of debt.The Italian lottery operator announced the transaction early Tuesday and noted that the price represents a 15% premium to the U.S. gambling-equipment and service company's value on Sept. 9 the day before it announced plans to seek a buyer for the company.Total value of the deal, including assumption of debt, is roughly $4.8 billion. GTech of West Greenwich
Jan 10, 2006, 4:14 pm - 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

Georgia lottery sales climb during holidaysNews Story
The holiday season has lottery sales climbing in South Georgia.Lottery tickets are a popular choice for Christmas gifts and stocking stuffers. Convenience store owners say they always see an increase in lottery sales this time of year, especially with the holiday games. Holiday Cash is a one dollar ticket, Seasons Greetings is another one and Fosty the Dough man is also popular. They have a few others but those have been our top three selling lottery tickets, said Michael Smith, owner of Smitty
Dec 28, 2005, 8:48 am - Lottery News