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Schwarzenegger may try to privatize California LotteryNews Story
California Gov. Arnold Schwarzenegger is poised to call for privatizing the state lottery, a move that would bring California a cash infusion of as much as $37 billion to help solve pressing budget problems but also could sacrifice a major revenue source for decades to come. The lottery would be leased to a private company for up to 40 years in exchange for a lump-sum payment or series of payments, according to documents from the governor's budget office that were provided to legislative staf
May 10, 2007, 2:56 pm - Lottery News

Lawsuit challenges N.C. LotteryNews Story
Plaintiffs say the lottery is a tax because of the education allocation and was passed unconstitutionally An esoteric argument under way in the courts over the North Carolina lottery Is a part of each ticket a tax or is the state just making a profit? could have an effect that's easy to understand: No more lottery. The N.C. Court of Appeals will hear arguments in three weeks. The case is pushed by a nonprofit legal group that sees the lottery as a tax that didn't go through the req
Apr 29, 2007, 5:20 pm - Lottery News

Indiana Lottery privatization on holdNews Story
Gov. Mitch Daniels said Friday he is putting off but not giving up on his hopes of privatizing the Hoosier Lottery and wants a yearlong, statewide conversation on how best to spend the $2 billion or more the lease could bring. Daniels said 10 companies, mostly American firms, have submitted nonbinding bids to lease the Hoosier Lottery. Half of those, he said, are north of a billion and a half, with two offers well over twice as big as the $1 billion the state had estimated it could rece
Apr 23, 2007, 10:07 am - Lottery News

Republican says Colo. Gov. pressure killed plan to privatize lotteryNews Story
Republicans are accusing the Colorado governor of pressuring his party's legislators into essentially killing a plan to privatize the lottery. They claimed Gov. Bill Ritter believes the lottery proposal would compete with his plan to bring in more property taxes to pay for education. Ritter denied the accusations Friday. Republican Sen. Josh Penry of Fruita also said his Democratic co-sponsor on the lottery plan was under tremendous pressure to back away from the idea. The co-spons
Apr 22, 2007, 10:58 am - Lottery News

Legal opinion sinks sale of Colorado LotteryNews Story
Dreams of selling off the Colorado Lottery for a fat payoff were discarded like a losing scratch ticket Thursday after state legal experts gave an adverse opinion on the plan. Sen. Chris Romer, D-Denver, said he would not seek a measure that would ask voters to sell a concession contract in the state lottery because he couldn't fix a legal opinion that referred to the proposed sale as the state taking on $3 billion in debt. I may be a freshman, but I'm not that stupid, Romer said.
Apr 20, 2007, 8:08 am - Lottery News

N.M. Gov. signs bill to extend lottery scholarshipsNews Story
A bill signed by New Mexico Gov. Bill Richardson on Thursday is designed to extend the life of the lottery scholarship fund, which has been projected to run out of money in the next few years. Senate Bill 364, sponsored by Senate Majority Leader Michael Sanchez, D-Belen, will require that more money from lottery sales goes to the scholarship fund, and less to administration. The lottery scholarship allows all New Mexico high school graduates in good academic standing to attend college in s
Mar 30, 2007, 10:36 am - Lottery News

Party leader wants to repeal Okla. LotteryNews Story
The head of Oklahoma's Republican Party, citing lower-than-expected revenue and escalating social costs, is calling for repeal of the Oklahoma Lottery. Only 18 months after the first lottery ticket was sold in the state, state Republican Party chairman Tom Daxon says the lottery, approved with 64 percent of the vote in a statewide referendum in November 2004, has not worked out as the voters were led to believe. Democratic Governor Brad Henry supported a statewide lottery as a way to rais
Mar 27, 2007, 10:06 am - Lottery News

Nevada Gov. opposes lottery billNews Story
Gov. Jim Gibbons said Monday he opposes amending Nevada's Constitution to permit a state lottery. I respect recent efforts by some legislators to explore options for new revenue to the state; however, I do not believe it is a proper function of Nevada government to operate a lottery, nor do I think that the state should be in competition with its largest industry, said Gibbons in a prepared statement. The lottery amendment is in AJR5 introduced last week by Assemblyman Harry Mortenson, D
Mar 27, 2007, 9:15 am - Lottery News

Nevada Assembly pushing for state lotteryNews Story
The Nevada State Assembly voted 29-13 Tuesday to take another shot at a constitutional amendment to allow a state lottery. The proposed amendment has made it through the Assembly more than once in the past, only to die in the Senate. A lottery is about the only form of gambling prohibited by Nevada's Constitution. AJR5, sponsored by Harry Mortenson, D-Las Vegas, would dedicate any revenue generated from the lottery to public schools. His dedicates the money to purchases of educational equi
Mar 22, 2007, 1:12 pm - Lottery News

Nevada panel passes lottery proposalNews Story
Over the opposition of two major gaming corporations, an Assembly committee voted 8-5 Thursday to let voters decide whether to legalize a state lottery. All Democrats on the Assembly Constitutional Amendments Committee backed Assembly Joint Resolution 5, while all five Republicans opposed it. Passage of the resolution in the committee is the first step in a long process before Nevada would join 42 other states in having a state lottery. The measure needs approval by both houses of the Legi
Mar 17, 2007, 1:42 am - Lottery News